Venture Finance Announces New Approach To Factoring
Improved service offers speedy access to funding to UK businesses

HAYWARDS HEATH, ENGLAND, July 19, 2009 /24-7PressRelease/ -- Premier Invoice and Asset Based Lender, Venture Finance, through its specialist division Venture Factors has launched a Fast Track Factoring process to further enhance access to funding for businesses. The streamlined Fast Track approach can deliver funding within a week to swiftly support cashflow when and where it is needed most.

The speedier process will see Venture make a single visit to prospective clients, to determine their requirements. Viable businesses will receive an Initial Offer on the day, with funding available to clients within a week. Clients will also benefit from updates at every key stage of the decision making process.

The service will make an instant and ongoing improvement to client's working capital by advancing an agreed percentage - up to 90 per cent - of the value of invoices as soon as they are raised. Client businesses will continue to benefit from Venture's award-winning service with a dedicated account manager who will take the time to truly understand the businesses individual needs.

This newly improved service retains the skills of a dedicated credit controller to handle the recovery of outstanding invoices, freeing up valuable resource and time for clients to focus on business growth. Bad Debt Protection can also be included to shield against unpaid invoices and customer insolvency.

The Fast Track Factoring process is available to businesses with a turnover of up to GBP2m.

Peter Ewen, Managing Director, Venture Finance, comments: "We are constantly listening to our clients with a view to improving our already strong service offering. Fast Track Factoring allows us to reduce the time needed to take-on a new Factoring client. This is a direct response to address the lack of finance currently available to UK businesses. Funding is not available fast enough from traditional sources for businesses to survive the recession and build a platform for future growth. Venture is committed to providing the UK's smaller businesses with fast access to funding, particularly during these challenging times.

"We have seen a 23% increase in Factoring clients compared to an overall decline across the industry. Our credit control processes are two weeks faster than the industry average*, and we have twice as many specialist staff to look after each client than the banks."

* Business Money Receivables Review - March 2009

Venture Finance provide a wide range financial services including factoring, invoice finance and invoice discounting, visit www.venture-finance.co.uk to find out more.

Press Release Contact Information:

Craig Peters
Midnight Communications
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