LB Finance Factoring

LB Finance Factoring allows a smooth cash flow while the business is guaranteed, giving you the opportunity to innovate and develop your business.

Factoring is a time-honoured financial tool used by companies worldwide. It is the purchase of account receivables such as your invoices for immediate cash. It is not a loan and is instead an easy method of financing a company without having to wait for debtor’s payments.

When you make a sale on credit, send us a copy of your invoice and LB Finance will pay you up to 80% of your invoice value within 24 hours. We will then collect your debt on your behalf directly from the debtor. The balance payment will be made to you with the charges deducted.

LB Finance Factoring Benefits:

  • Cash flow deficits are plugged and you have a smooth working capital solution with no gaps in-between
  • Online access to your account from anywhere in the world – 24/7
  • Professional Sales Ledger management and physical collection of receivables by LB Finance Factoring
  • Helps customers capitalise on opportunities including new sales and marketing initiatives for expansion securing new accounts and additional inventory
  • Alternative to loans or borrowing as factoring funds are not considered as loans
  • Stronger balance sheet because factoring is not a loan and it does not appear on your balance sheet as a liability. With LB Finance Factoring, you get the benefit of a loan without the traditional downside