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What is Factoring?

This is a short term method of finance where credit notes are sold to factor houses for discounted prices. it allows a business to get their money instantly adn so improves cash flow. However factor houses take a percentage of the credit note. For example, if a business was waiting for a payment of £1000. They could take it to a factor house and get £900 for the same payment. This means that the company keeps 90% of the money, and gets the money instantly. 

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Degree: Business Management (Bachelors) - Cardiff University

Subjects offered: Business Studies, -Personal Statements-

Business Studies
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“Hi, my name is Robyn and I am a Business Management student at Cardiff University.  I am very patient and friendly and really enjoy teaching. I have been teaching Taekwondo since I was 15, so have a lot of experience teaching, with pe...”

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