When you're applying for business funding, your bank statements say a lot about you and your attitude to money. We unpack what's good and what's not so good in your bank statements so that you can put your best foot forward.
Surviving post-Covid - could invoice finance save your business?
It's all well and good if you can start trading again, but what if you still have to wait 6-8 weeks to get paid? Find out how invoice finance (also called debt factoring) can get the cash flowing in as soon as you are back in business. Invoice finance is a cashflow solution that provides payments to you based on the invoices to your business customers as soon as you raise them.
Weighing up the risks in business borrowing
As business owners and operators, we all have different appetites for risk. If you are a business owner, or someone thinking about starting a business, then you must have some kind of tolerance for risk. There are so many choices for funding your business using debt, and debt is inherently risky for you and the lender. So how do you weigh up these risks?
Don't fear the disclosed invoice finance facility
While growing in popularity, invoice finance is still a scary prospect for the uninitiated. Most businesses will not qualify for confidential invoice finance, meaning that it is likely that your customers will know you are receiving cashflow funding. So why would you want to still go ahead if your customers are going to know about how you are funding your business?
Playing with the big boys – coping with 90-day credit terms by using invoice finance
We are a nation of small businesses, and for a lot of us we leave the big companies to do business with each other. While there’s great money to be made doing business with large corporates, the credit terms that they require you to offer (sometimes 90 days!) can make a deal less attractive. But what if you could sign that contract, knowing that the 90-day credit terms weren’t going to hurt you?