Q: How does Factoring help improve my business?

A: Factoring helps you to bridge cash-flow gaps and take advantage of purchase discounts by paying suppliers early. Planworth provides proper receivables management advice to guide you in making sound decisions.

Q: Do I need to provide a tangible security?

A: No. Only guarantees from directors and/or shareholders are normally required.

Q: Does Planworth notify my customer?

A: Yes, Planworth will send an official and friendly notice of the assignment of payment to your customer informing them of the factoring arrangement and to make payment to Planworth.

Q: What is the average cost for my company?

A: There are many factors that come into consideration which will influence the rates. Contact us now to find out more information.

Q: What are Planworth’s charges for this Factoring Facility?

A: You will be levied a discount charge based on the invoice amount factored.

Q: Why do I have to pay Service Charge?

A: For our professional account receivables management services which frees up time for you to focus on your business.

Q: How much of my Invoice will be advanced?

A: Advancements are up to 85% of the face value of your invoice, again, it all depends on various factors like industry, relationship pattern, terms of sale etc.