It’s sad but true. We hear it all the time, so in a recent survey carried out – by Dun & Bradstreet in Nov 18 - reporting 48% of SMEs are worried that late paying clients will risk putting them out of business, we weren’t surprised.
Late payment is a serious threat to SME businesses. So what can you do to protect your business?
Invoice finance, also known as invoice factoring, has become the UK’s fastest growing and most popular form of alternative finance, with over 40,000 businesses using the finance solution.
Invoice finance gives business owners the peace of mind that they will be paid when they issue invoices.
Businesses using invoice finance will be paid up to 90% of their invoice value within 24hours – there’s no waiting around for 60, 90 days +.
The balance is paid once your customer settles their bill.
Charges are extremely cost effective, and with over 50 providers in the UK we’ll find you the perfect partner.
FACT: Invoice finance guarantees your cashflow, resulting in working capital for growth, expansion and negotiating better terms with suppliers.
What’s more, the flexible and convenient invoice finance also deals with your back office credit control too. Whilst you send the original invoice to your client, copying in your provider, they do all the admin regarding statements and record keeping.
As the UK’s longest serving, truly independent broker – over 26 years - we have access to all invoice finance providers.
There’s a choice of invoice finance too. If you suffer seasonal highs and lows you could chose selective invoice finance – choosing which invoices you factor. Or you could choose Invoice Discounting, which means your finance arrangement is completely confidential.
So join the thousands of SME businesses who aren’t worrying about financial ruin, instead who are enjoying instant payment and growth opportunities. Call us on 07785 596053 or email founder, and MD, firstname.lastname@example.org