What is bad debt protection?
In simplest terms, an invoice finance lender will assume risk of an approved customer’s failure and its subsequent inability to pay invoices you have raised.
Invoice finance companies offer bad debt insurance alongside their factoring and invoice discounting facilities. The term for this type of invoice finance is non-recourse factoring.
Benefits to your business
• The invoice finance company will credit check your customers
• They may provide up to 100% protection against bad debts
• They may automatically pay invoices over 120 days old
• Claims will be quickly dealt with
Working with you to find the most appropriate finance for your business.
Our objective is to save you time and money by finding the best and most cost effective business finance package for your organisation.
The Business Bureau has vast experience in setting up bad debt protection for its clients.
So why not contact us now for a non recourse factoring discounting quotation. We would be delighted to discuss your individual business requirements further.