Case Study About A Business Recently Offered Factoring For 3K Per Annum

This case study is about a mechanical equipment rental businesses for who we found a quotation during April 2010 that could deliver a large cost saving for them using the £3,000 service charge factoring factility that we have been promoting.

The business was established, projecting turnover for the next year of £500,000 and they were looking to save some cost on their existing factoring facility.

Factoring Cost Savings Identified

The existing faciltiy service charge was £4,500 per annum and we were able to find them a similar facility at a cost of £3,000 per annum, a potential saving of 33% on the service charge alone. 

In addition to this, we were also able to deliver them a saving of 37% of the discount charge that they were paying. Therefore, overall they have the opportunity to save a substantial proportion of their factoring costs each year by using our independent quotation search service that cost them absolutely nothing.