At the start of a business, or when your business is growing, you may need help with funding. From our experience, most businesses will need to find a temporary or ongoing funding solution.
We are here to find you a funding solution which works for you & your business.
We have teamed up with several lenders of all different types to help our customers find the right solution for them. We do not charge for this service. We can also help businesses and directors with adverse credit.
Please see below a summary of the different funding options. Please get in touch to find out more.
Invoice finance, also known as invoice factoring, is a finance facility whereby a funder will release to you a percentage of your sales invoice value at the point of raising your invoice, usually up to 90%. Once your invoice is then settled, they will return to you the remaining percentage, less their fee for the advance.
The funder will manage your credit control activities and collect payment for your invoices on your behalf which means more time for you to focus on your business.
Many people turn to invoicing finance as a major source of cash flow and the removal of the need to manage their own sales ledger.
Benefits of Invoice Finance include:
Payroll finance is a fully funded solution, usually aimed toward recruitment type businesses. The funder will advance 100% of the wages cost weekly or monthly whilst you wait for your client to settle your invoices, giving you instant cash flow to ensure your workers are paid on time. Once your invoices are settled, the difference in value between the sales invoice value and the wages (the margin) is transferred to you.
The funder will also normally manage your back-office processes by raising your sales invoices and managing the payroll function on your behalf meaning more time for you to focus on running your business.
The cost of payroll finance is usually calculated as a simple percentage of your total sales, deducted automatically from the margin payment made to you.
Benefits of Payroll Finance include:
Businesses require an adequate amount of capital to fund startup expenses or to pay for expansions. As such, companies take out business loans to gain the financial assistance they need. A business loan is debt that the company is obligated to repay according to the loan's terms and conditions.