Running and maintaining a successful business is incredibly hard work. It doesn’t matter how big or successful you are, a start-up, a big hitter or even if you are dominating the marketplace, things can go wrong at any time. The business plan just might not be right for the market or an unexpected cost could set back your cash flow.
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invoice finance
Late payment is one of the leading causes of business failure. When the cash stops flowing, many firms – even successful ones – could be forced out of business. Keeping on top of your cash flow should be a priority for all business owners.
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You may need finance to get your business started, or seek an injection of capital further down the line once your business has grown. Here, we look at how most small business owners raise funding.
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For companies frustrated by persistent late payment problems, invoice financing can provide a useful way of freeing up the value of their outstanding invoices.
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Following news that the average loan rejection rate for SMEs has more than trebled since 2008, what other funding options are available to small limited companies, including freelancers?
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The latest in series of Government initiatives aimed at boosting small firms will enable banks to advance the value of outstanding invoices owed by larger firms – in a type of ‘invoice finance’ arrangement.
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An innovative finance company has launched a new service which allows contractors and freelancers to free up the value of their outstanding invoices – offering an alternative to traditional bank lending.
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