How can Bad Debt Protection Benefit my Business?
Did you know a business operating on a 5% net margin will need an additional £200,000 in new sales to recoup a £10,000 bad debt? Having a bad debt protection plan in place helps avoid this need by preventing the loss at its source.
A number of financiers, including Calverton Finance, offer bad debt protection alongside an invoice factoring service. This combination is becoming increasingly popular as it enables companies like Calverton Finance to deal with many of the administrative aspects of invoice finance, such as credit checks and debt collection, on your behalf, allowing you to spend more time focusing on other aspects of your business.
To find out more about Bad Debt Protection, download our information sheet. Alternatively, for a personalised Bad Debt Protection quote, complete our online form now and receive a response within 24 hours.