The Cashflow Killer – Late Payment

FACT: Late paying customers can kill your business.

If they continue to exceed your credit terms – 40, 60, even more days late – how are you going to pay your own suppliers, cover your employee wages, negotiate better terms for raw materials etc.?

Late paying customers kill your cashflow. If your cashflow dries up your business will die.

The answer is simple – invoice finance, through your debtor book, advances you monies on each of your issued invoices by up to 90%, paid within 24hrs (balance paid when your customer settles).

It means your cashflow is restored, stays constant and fluid.

This cashflow lifeline couldn’t be easier to arrange or 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.

FACT: 30% of SMEs receive payment 3 months late!

Late payment puts your cashflow in jeopardy. This jeopardy, if not managed, could see your business fail, impacting staff pay, investments and supplier relationships.

FACT: 50% of SMEs will fail after 5 years due to lack of cashflow.

As the UK’s longest established independent broker, for nearly 29 years, I have introduced invoice finance, the UK’s most popular form of alternative finance, to thousands of SME businesses like yours. I have helped to bring financial security and peace of mind to SME business owners just like you. There is no one better placed than me to help and advise you in your invoice finance needs.

For the ultimate guide to invoice finance take a few months to read this honest and straightforward guide.

Find out how you can make a change to late paying customers call me today, Carole Roe, Founder and Managing Director, of Capital Corporate Finance on 07785 596053 or email me on carole@capitalcorporate.co.uk.