Invoices paid faster
This is a popular situation to find yourself in. You have done the work and have invoiced for payment but it takes an age to come through and there are other things you can be spending your money on! This gets particularly difficult the larger the bill as more resources are usually dedicated towards covering the job and even sometimes payments get delayed further at the clients’ end. Sound familiar?
There are many ways to help with this:
One could be a debtor loan advanced against your whole ledger a simple Unsecured Business Loan serviced by the income of your company over an agreed fixed period.
Another might be an Invoice discounting facility, this is ideal for cash flow challenges or to finance growth it can fill the gap between raising invoices and getting paid releasing money that can help cover day to day business activities or fund growth. This can be done on a confidential basis, so your clients are unaware this is in place.
Also, you may already have a facility in place and have landed a new large client and just want to cover this invoice as well as future invoices for work this is known as Spot Factoring.
We will suggest the best options for your business.
Boost your cash flow by getting in touch with the team online or call us on 01978 598611