10 Key Points To Ask About Factoring

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By: Trade Debtor Finance Consultants (TDFC)Sid Goodwin

10 KEY POINTS TO ASK ABOUT FACTORING

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1. How much does Factoring cost and what is my interest rate?




2. How much is it to setup a Factoring facility and how long does it take?




3. What percentage do you advance and when do I get the balance?




4. What are your break fees if I want to leave early?




5. What is my contract term?




6. Does the Factoring firm contact my debtors, or do I maintain the collection of monies?




7. What is the main difference between each Factoring company?




8. Is the Factoring system online and easy to understand?

Ask for a brief explanation




9. Do we need Real Estate Security to get a Factoring facility?




10. What happens if the debtor doesn’t pay and goes into Administration?




For honest answers to these questions and more contact TDFC




Main Office:

1300 00 8332

Fax Number:

07 5540 3727




TDFC Mobiles Any Time:0408 058 827 or 0408 711 932

After hours Consultants: 0416 142 907




Postal AddressPO Box 300,

Waterford WestQLD 4133

Email: [email protected]


mailto:[email protected]

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10 Key Points To Ask About Factoring