Did you know about the business finance that’s saving SMEs? Ensuring cashflow and working capital, helping tens of thousands of businesses stay afloat despite not being paid by customers for months?
Invoice finance – this highly advanced, risk free, alternative finance options is quite literally saving SMEs from going bust as a result of late paying customers and lack of cashflow.
It’s the UK’s most popular form of alternative finance and is used by nearly 60,000 businesses in the UK.
Invoice finance, also referred to as invoice factoring, advances the monies owed on issued, unpaid invoices.
It is saving SMEs because they are advanced up to 90% of each invoice value (balance when your customer pays), within 24hrs ensuring a fluid cashflow.
It’s saving SMEs because late paying customers are all too common and getting worse. Many SMEs are not getting paid for at least 60, sometimes 90 days plus.
How can you, as an SME owner, pay bills and settle overheads when you are waiting to be paid for months on end?
Invoice finance works by cleverly using your debtor book without any risk to your business. That’s because your debtor book is your most powerful asset. This means your premises, vehicles, machinery or other such assets aren’t at risk because invoice finance is advancing monies against issued invoices, so you’re not actually borrowing money or having to offer up the type of security mainstream borrowing would require.
What’s more, invoice finance is more flexible than some traditional finance options. It's linked to your sales it grows with your business, without the need to keep extending your facility (unlike a traditional loan or overdraft). It works hand in hand with your issued invoices to always provide a fluid cashflow.
There’s even an optional credit control facility included within your agreement so never again will you have the stress and uncomfortable scenario of chasing late paying customers – which, considering over £4 billion was spent on chasing payment last year, is a benefit you can’t afford to miss!
It supports SME business growth and prosperity and couldn’t be simpler to use or easier to set up. I can have your invoice finance facility approved, set up and fully operational in just a couple of weeks.
As an independent broker, with 29 years experience, I have access to all the UK’s alternative finance providers. Without contracts or targets, I am not beholden to any provider which ensures I match your SME to the provider who will most support your business and who most understands your sector.
You can find further details on SME invoice finance in my ultimate guide article.
Join the tens of thousands of UK businesses who have financial stability and peace of mind thanks to invoice finance – call me today, directly on 07785 596053 or email me on carole@capitalcorporate.co.uk.
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