Case Study Factoring Finance for a Single Debtor Within a Week
This small haulage company were in need of working capital finance to enable them to grow their business. As with many small businesses they had one single prime debtor (also known as a prime debtor) that accounted for over 90% of their sales ledger at any one time.
Single Debtor Factoring
Normally this would be an issue for most mainstream factoring providers due to the risks associated with a substantial concentration into any single customer.
Despite this, Cashflow Acceleration Ltd were able to find a Single Debtor Recourse Factoring Facility for the client and the facility was in place extremely quickly.
It took only one week from the time of initial contact with Cashflow Acceleration to the day that the client received the initial payment from the factoring company.
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