One way of improving your cash flow is to find a way of getting your invoices, paid sooner rather than later, and you can achieve this through invoice finance.
Invoice finance is the fastest growing method of raising finance for business today. It is replacing the traditional, inflexible overdraft facility and is rapidly becoming the cash flow finance option of choice for more and more businesses across the UK.
Invoice finance is widely regarded as a preferable method of raising working capital to obtaining a bank overdraft and can allow your business to flourish and grow, so helping you to achieve your objectives.
So, what is invoice finance?
You can choose from a number of different options based around two main product offering.. Factoring or Invoice Discounting.
Simply put, it’s a way for you to raise funds for your business based purely in a cash advance against the outstanding unpaid sales invoices that you have now and on- going, speeding up your cash flow and enabling you to invest in future business growth.
It provides immediate working capital for the invoices you raise and can offer a professional and efficient means of collecting money from your customers.
When you choose factoring it can free up your business from time consuming and costly sales ledger administration, giving you more time to focus on marketing, production and distribution.
If you have cash flow problems due to the amount of credit you are giving your customers or the length of time they are taking to pay you, factoring may be the appropriate solution for you.
We can assist you in finding the best factoring company to suit your requirements and release funds back into your cashflow by refinancing your invoices