Welcome to FactorFast’s News Page!
We keep you informed and engaged with the latest industry insights, trends, and updates related to invoice financing and cash flow management. By exploring our articles, you’ll gain valuable knowledge on how to optimize your business finances, stay ahead of market developments, and make informed decisions that drive growth.
Dive into our content to discover how FactorFast’s flexible and fast invoice finance solutions can support your business needs. Stay connected, stay informed, and let’s unlock your business’s potential together.
The UK Government’s Crackdown on Late Payments: What You Need to Know
The Growing Problem of Late Payments Late...
How will the new Fair Payment Code impact large companies
The new Fair Payment Code, introduced by the UK government in January 2025, is designed to tackle the longstanding issue of late payments, particularly benefiting small businesses.
Lease Finance
Lease finance lets you rent equipment or assets for a fixed period, rather than buying them outright. It’s a handy way to get access to the tools you need, without tying up a load of cash.
Start Up Loans
Start Up Loans are aimed at new businesses or those in their first couple of years of trading. They’re usually unsecured, government-backed, and come with fixed interest rates and simple repayment terms.
Revolving Credit Facility
A Revolving Credit Facility (RCF) is like a flexible overdraft for your business. You get a pre-approved pot of money you can dip into whenever you need, repay when you can, and draw from again — hence the “revolving” bit.
Bridging and Development Finance
Bridging and development finance are both short-term funding options, mostly used for property projects. Think of them as “gap fillers” — they help you move quickly when traditional finance won’t cut it.
Merchant Cash Advance
A Merchant Cash Advance (MCA) lets you borrow money based on your future card sales. Instead of a fixed monthly repayment, the lender takes a percentage of your daily or weekly card takings until the amount is paid back.
Asset Finance
Asset finance is a way to fund the purchase (or use) of business equipment, vehicles, or machinery without paying the full cost upfront.
Differences Between Recourse and Non-Recourse Factoring
Recourse factoring is suitable for businesses that can manage the risk of non-payment and seek lower costs, while non-recourse factoring is better for those who want to mitigate risk but are willing to pay higher fees.
Invoice Finance / Factoring
Invoice finance (sometimes called factoring or invoice discounting) helps you unlock cash tied up in unpaid invoices. Instead of waiting many days for clients to pay, a lender gives you most of the invoice value upfront.
Secured vs Unsecured Business Finance
Understand the risks and learn the details of secured vs unsecured business finance when borrowing money to fund your projects and ventures.