How Invoice Financing Can Solve Your Cash Flow Problems
By Staff writer
With SMEs being more sensitive to cash flow issues, invoice financing can be an effective way for small businesses to keep things steady.
By Staff writer
With SMEs being more sensitive to cash flow issues, invoice financing can be an effective way for small businesses to keep things steady.
Getting funding can be a challenge and alternative finance may seem like a godsend to many new businesses but there are funding pitfalls, and if you don’t get it right, it can be an expensive mistake.
Most businesses will come up against short-term cash flow problems at one point or another, but the key is not to let them be a long-term issue that holds you back from scaling up.
While the late payments issue continues with just 51 per cent of invoices paid on time, a breakdown of areas shows that Manchester is the least affected.
By Staff writer
Amidst the array of challenges that SMEs in the UK face, such as securing investment, outpacing competitors and growing a customer base, the biggest obstacle to growth for 54 per cent of UK SMEs is a shortage of cash.
By Simon Brooke
As small businesses look for new ways to raise money from investment other than through bank loans, invoice financing has been growing rapidly. Advocates include Lord Digby Jones, former president of the CBI and a trade minister under the last government.
By Simon Brooke
With many banks still unwilling to lend, and finance in short supply for small and medium-sized enterprises, a growing number of smaller companies are looking to other sources of finance.