Nigel
Haven't used a company providing these services but attended a seminar
recently where one of Australiasia's biggest Factoring Cos gave an
indepth look at how they work - Scottish Pacific.
Although they sound great, some of the upfront costs and interest rates
they charge on funds are steep and in my view unless they can offer
significantly better deal than a typical bank overdraft they're not
worth it - you also need to be doing fairly large volumes of $'s before
they're interested in taking you on.
steve
--
Dr Steven M Smith
Alchemy Group Limited
Level 6 Royal Sun Alliance Bldg
PO Box 2386
Christchurch
New Zealand
Phone +64-3-962-0396
Fax +64-3-962-0388
Mobile +64-21-336 387
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