Cashflow Finance

My business needs additional support during slow trading periods

Cash flow finance can be invaluable to your business. Cashflow is widely understood to be the lifeblood for businesses both small and large. Without it, it can be difficult to meet those monthly commitments, such as rent, wages and product costs.

Unfortunately, it’s very common for SMEs to have cash flow problems, arising for all manner of reasons. In order to have positive cashflow, you need more money coming into the business than there is going out. This ultimately means your business will be able to settle any bills and importantly, invest in growth.

Finance problems

A common reason business can suffer cashflow finance problems is having to wait 30 or 90 days to receive payment of invoices or experiencing late invoice payments, which can be serious financial strain for a business.

Late invoices are one of the biggest contributors to cash flow problems. Often, a business is successful, and balancing income and outgoings isn’t too much of a problem. However, if your customers aren’t paying their invoices when they should, it can make bringing cash into the business extremely difficult.

Working capital

There is a variety of financial products available on the market that can help you get round cash flow issues. Invoice finance is an option that seeks to resolve the issue of cash flow, particularly when it comes to late payments of your invoices. In short, it means that you don’t have to wait for a customer to pay to receive money into your account.

Invoice financing has become a popular solution for many businesses due to its simplicity and providing funding to businesses quickly to improve their working capital.