Cash flow is by far the biggest stress point for business owners, whether you’re a business owner or an accountant, adviser or broker working with SME clients, the important thing to note is that unlike the inevitability of death and taxes, there are ways to improve working capital!
The cash flow squeeze is on, there’s no doubt. The good news is that there are actions business owners can take to maximise their cash flow. There is a style of finance that, allows you to boost cash flow and relieve the worries, pressure and stress related to day to day financing of the business. Invoice finance (also known as debtor finance or receivables finance) is a line of credit that smooths out cash flow peaks and troughs for businesses that sell goods or services on credit terms.
Invoice finance means that you receive an advance on invoices already owed, and your funding grows in line with sales. A business can boost turnover by bringing cash receipts forward, using a line of credit linked to and secured by outstanding accounts receivable.
It’s all about having flexible working capital to support the business, so that the business owner is not wasting valuable hours fretting over bills and unpaid invoices.
Whether the business is looking to expand, boost working capital, improve your day to day cash flow or even buy a business, our range of debtor finance and trade facilities can help you
For more information about how we can help your business, fill out a quick enquiry form or call us.