What questions to ask?

If you have a client looking for invoice finance, here are five key questions to ask:

Invoice Finance
1. What is the name and address of your business? Who are the main Directors/Shareholders/Owners?
2. When was your business established and how do you trade - e.g. limited company, partnership or sole trader?
3. What is your current annual level of sales turnover ? Do you sell goods overseas? Are you looking to grow your business?
4. What sector do you trade in - e.g. manufacturing, construction, hospitality, professional services, etc.
5. What are the payment terms you make available to your clients/customers? Who are your key clients/customers? Can you supply us with an up to date list of your existing debtors.