Don't let being owed money hold your business back. Invoice finance is the quick and cost effective way to access the money trapped in unpaid invoices.
There are a whole host of reasons small to medium sized business might want to access funds quickly. Perhaps there's a creditor that needs paying off quickly, a tax bill perhaps or a supplier. A company might have won a large order and need to finance the purchase of plant, machinery or materials to enable the fulfilment of the order. What about growth? There might be compelling business reasons, a glaring gap in the market or a clear business opportunity that demands quick growth or investment. Restructuring, a management buy out or acquisitions all require the injection of funds.
What could be more frustrating for an ambitious company than to be held back by a lack of available cash? How frustrating to know that the money you need to move on, to fulfil your business objectives is actually tired up in unpaid invoices. What if you could access the cash locked in the debt? How would having access to those funds quickly and easily help your business?
What is invoice financing and how can it help your business?
Here are two quick and cost effective ways for you to access the cash you need to realise your business objectives.
Invoice financing in the form of invoice factoring is the sale of outstanding invoices to a factoring company normally for around 80% - 85% of the invoice value. Your debt becomes theirs, and in the process you benefit from improved cash flow and extra working capital.
Alternatively you might prefer the invoice discount option where funds are loaned against the value of debt but you still retain the outstanding amount on your sales ledger.
Are you owed money? Don't let it get in the way of your business success.
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Factoring Companies UK.
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