Do you find that getting your clients to pay on time can be a real issue? You’ve put the hours in behind the scenes to ensure that the services and products you provide to your clients are of the highest possible quality, and then you often have to wait 30 days (or sometimes even more!) to see payment for your efforts.
Whilst this might be acceptable for some larger businesses, this is not practical for many companies who rely on cashflow to ensure the purchase of necessary resources, key to their businesses day-to-day operation. But what can you do? Well, that’s where Simply Business Finance is the answer.
Invoice finance companies provide you with a percentage of your invoiced amounts when you issue your invoices, and you return that payment when you receive payment from your customers. There’s usually a small percentage fee for the service, but it results in fast access to money that’s rightfully owed to you.
Invoice Finance is a suitable solution for many businesses, but the act of finding the right company to deal with your invoices can be a much more difficult process. Many companies will only lend to companies with a turnover that goes over a certain rate and some will only work with you if you finance all the invoices you raise through them, rather than selecting the right ones for you.
When you work with us, we take the stress of negotiating with these businesses from you. As independent brokers, we have access to a wide range of invoice finance companies and will put the work in to find the best match for your individual business needs.
Next time we’ll be exploring our Invoice Factoring Service, but for more information on Invoice Finance click the link!