This particular export company was experiencing problems with exporting to companies who were not paying bills promptly and felt they were taking to many risks by working with companies of whom they did not know the full back ground.

The factor we put them in contact with provided a 90% 24hour advance on invoices but also offered credit checks on potential clients. Some factoring companies have very strong cross European links due to their own operations while factoring outside Europe is a speciality for some factors.

The export company also took advantage of the opportunity of being paid in foreign currency to offer ready streams of cash to cover foreign expenses.