Debtor Finance FAQ’s
1. How much does Factoring cost and what is my interest rate?
2. How much is it to setup a factoring facility and how long does it take?
3. What percentage do you advance and when do I get the balance?
4. What are your break fees if I want to leave early?
5. What is my contract term?
6. Does the Factoring firm contact my debtors, or do I maintain the collection of monies?
7. What is the main difference between each factoring company?
8. Is the factoring system online and easy to understand? Ask for a brief explanation.
9. Do we need Real Estate Security to get a factoring facility?
10. What happens if the debtor doesn’t pay and goes into Administration?