I am sure you do not need to be told of the benefits that a healthy cash flow can have for your business. Without the required level of funds your business plans may need to be put on hold and the growth of your business restricted. You will also spend time and expense chasing up outstanding invoices, when you and the staff can be more productively utilised in the business.
A business like yours has many options when considering suitable funding. The traditional route is that of a bank overdraft. But experience shows that the appetite of Banks changes in an economy like ours, where caution is prevalent. This coupled with the fact that overdraft limits are often based on historical performance and not how your business is performing today, have made the overdraft a difficult choice with many firms.
Today more and more businesses are turning to alternative sources of finance in their search for a flexible solution, which matches the needs of their business. We have been recommending various solutions to our clients but now we are keen to recommend a source of funding which has been enjoying increasing levels of popularity in recent years and that is Invoice Finance or Factoring. Over 47,000 businesses in the UK are now using this form of funding, driven by the Banks who now consider it a key product in their funding options.
Can you imagine what your business could do if it had access to a continuous supply of working capital? Well now you can with Invoice Finance. Businesses that this type of arrangement best suits include Recruitment Agencies,Transport and delivery firms,Garage repair shops who deal with Insurance companies, Construction firms and many other businesses where the annual turnover is over £75,000. Start-up companies can also be considered.
We want to find you a funding solution which is geared to your business and we want it provided by a Factoring Company that works hard to deliver an outstanding level of service which you know is good value for money. There are many providers of this form of finance but we choose to work with Factors who are well versed in your business and can provide local assistance.
The Group we work with has a national network of autonomous companies across the UK. Each company has its own senior management team. So our clients can deal with local decision-makers who provide answers fast. They are also independent of any Bank and the service they provide their clients reflects this.
To learn more about how this form of funding can improve your cash flow and help your business realise its potential please call us on 0208 566 7088 or visit our website at www.heronsforde.com and use the enquiry form.
