Top tip - Factoring
Factoring or invoice discounting - is it a lender of last resort?
If your business is growing, it will need to cash to fund the growth and that cash would need to be flexible to fund the day to day activities.
Invoice finance, factoring or discounting has much been regarded as the lender of last resort but today it has actually become a preferred method for funding an expanding business.
As the funding is based on the work carried out by your business, it is seen that the business is supporting itself on its own merits - all it is doing is getting paid for the work quicker!
Want to find out more about this funding option? Just get in touch.
Call: 01322 555 442