400K SMEs at Risk – Is Your Business One of Them?  

A staggering 400,000 SME businesses risk ‘going under’ according to the Federation of Small Business (FSB) due to late paying customers.

• 30% of SMEs cite that late payment has worsened in the last three months alone.

This stark warning comes from the FSB Chairman, Mike Cherry; when SMEs are already under immense pressure including overhead costs having gone up by an estimated 78%.

The severity of businesses failing is shocking, with Barclays acknowledging the seriousness of the problem by confirming earlier this month that late payment to SMEs needed to stop.

• 30% of SMEs receive payment 3 months late!

The biggest reason SMEs fail is due to late payment that negatively impacts cashflow resulting in bills being unpaid, stock and materials not being able to be purchased etc. 

• Late payment hinders growth.
• Late paying customers stunt opportunities.
• Cashflow that dries up due to late payment kills businesses

Why can large corporations simply not pay smaller businesses on time? Do they not realise, or care, that late payment is fatal to SMEs?

• 50% of SMEs will fail after 5 years due to lack of cashflow!

Thankfully, I can offer some assistance to avoid the cashflow problem that late payers create. I am an expert in invoice finance – the UK’s most popular form of alternative business finance – that advances monies on issued invoices, helping nearly 60,000 businesses to have a fluid cashflow, always.

• It is not lending.
• It is not a loan.
• It does not risk your assets – business or personal.
• Each facility is tailored to each individual need so brings financial stability to businesses large and small.
• It’s used by nearly 60,000 UK businesses.

How? Because invoice finance, also referred to as invoice factoring, advances monies within 24hrs, of up to 90% of the invoice value – the balance paid when the invoice is settled.

The best bit? I can set up your SME invoice finance facility so quickly it will be up and running in just a week or two. And it’s even easier to manage…

• Issue your invoice as normal, copying in your factoring provider via the secure online portal.
• You are paid up to 90% of each issued invoice (balance paid when invoice settled) straight away.
• As an option, your provider chases payment on your behalf as part of the inclusive credit control facility. If you choose to do this yourself you can do.
• Your secure online portal will display comprehensive details of your invoicing including those issued, paid, outstanding and disputed.
• There’s even an invoice factoring facility to choose from should you want to only factor selected, ad hoc invoices to cover larger seasonal needs or there’s a confidential facility whereby your customer will not be aware of the involvement of a third party.

I can arrange your SME finance now – whether that’s invoice finance, a traditional business loan, dynamic lending options or a mix of multifaceted options.

Isn’t it time you protected your business from damming late paying customers?

Safeguard your SME today by calling me now!  We can meet, we can chat over the phone, we can have a Zoom / Teams meeting. My direct line is 07785 596053 or email me on carole@capitalcorporate.co.uk.