Factoring & Invoice Discounting in the UK

Personal/Directors Guarantees

Invoice financiers are seemingly getting keener to take guarantees from Directors in support of either a factoring or invoice discounting agreement. These guarantees give the funder considerable scope and not unnaturally many Directors are reluctant to offer them.

Different funders have different requirements and there are funders whose default position is to always seek guarantees and those who only take them when they really believe they are needed.

It is really important to take advice with regard to guarantees and if you as a Director are uncomfortable seek out some competition for your business and try to negotiate.

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