Invoice Discounting What is invoice discounting? The purchase by SCOTPAC of a company’s book debts on a continuing basis for immediate cash. The sales accounting and collection functions are retained by the company.

Who can benefit?

It is well suited to growing limited liability companies who provide their goods or services to business customers on normal account terms.

What are the benefits?

• Funding made available within 24 hours of up to 80% of the value of invoices raised. The remaining 20% upon collection from the debtors.
• No requirement for real estate security.
• The facility is not disclosed to the debtor. Invoices and statements are forwarded to the debtor by the client. Credit control is carried out by the client.

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Co-operation What is Co-operation Factoring? The purchase by SCOTPAC of a company’s book debts on a continuing basis for immediate cash. The sales accounting functions are then provided by SCOTPAC who manage the administration of accounts under agreed terms, other than collections which continue to be handled by the client but cheques are sent directly to SCOTPAC.

Who can benefit?

It is well suited to growing organisations who provide their goods or services to business customers on normal open account terms, and who have procedures, systems and the time to handle their own debtor collections.

What are the benefits?

• Funding made available within 24 hours of up to 80% of the value of invoices raised. The remaining 20% is paid upon collection.
• No requirement for real estate security.

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Full Service What is Full Service Factoring? The purchase by SCOTPAC of a company’s book debts on a continuing basis for immediate cash. The sales accounting functions are then provided by SCOTPAC who manage the administration of accounts under agreed terms.

Who can benefit?

It is well suited to growing organisations who provide their goods or services to business customers on normal open account terms.

What are the benefits?

• Funding made available within 24 hours of up to 80% of the value of invoices raised. The remaining 20% is paid upon collection.
• No requirement for real estate security.

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Export What is Export Factoring? The purchase by SCOTPAC of a company’s export invoices on a continuing basis for immediate cash. SCOTPAC will not only manage but also guarantee collection of the overseas debt.

Who can benefit?

Any limited liability company who provides goods to overseas business customers.

What are the benefits?

• 100% credit guarantee against non-payment by your overseas customer
• Funding of up to 80% of the value of invoices raised, upon confirmation that goods are on a ship or plane. The remaining 20% is paid upon collection
• Ability to offer open account terms
• Elimination of delays so often encountered in the negotiation of letters of credit
• Reduction of administration problems associated with collection of overseas debtors
• Elimination of cashflow problems resulting from working capital being tied up in debtors
• Reduction of administration costs

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Undisclosed What is Undisclosed Factoring? The purchase by SCOTPAC of a company’s book debts on a continuing basis for immediate cash. The sales accounting and collection functions are retained by the company.

Who can benefit?

It is well suited to growing limited liability companies who provide their goods or services to business customers on normal account terms. The client should possess the following qualities to be considered:

• Assets in excess of liabilities by a minimum of $100,000
  
• Profitable
• Turnover in excess of $1.5 million per annum
• Trading for at least 2 years
• Must maintain an open item computerised debtors ledger
• Efficient and effective credit control systems in places

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