Not only are the UK’s SMEs the backbone of the economy, but they’re also continuing to showcase considerable resilience in a challenging financial climate.
In facts, firms are actively exploring opportunities for international expansion at present, while presenting ambitious growth plans across a host of global markets. This is serving as an inspiration for even larger firms, who are striving to unlock organic growth through responsible borrowing and spending measures.
Invoice financing specialists like Touch Financial can help you to achieve these goals. Here’s how:
- Access the Best Invoice Financing Deals
If you’re not familiar with invoice financing, this is a strategy that enables you to effectively sell your accounts receivable in order to achieve a short-term and unsecured line of credit.
This debt is subsequently repaid in full when your clients complete their own payment, and the deployment of invoice financing can help you to negate challenging 30, 60 and 90-day payment terms as you continue to trade.
By partnering with invoice finance specialists, you can also access the best possible terms and strike a deal that is beneficial for your business. This may also enable you to identify service providers who specialise in specific markets, which may offer additional benefits for your venture.
- Optimise your Cash-flow as a Start-up
Once you’ve achieved a viable deal, you’ll be able to create positive and short-term cycles of debt that allow you start-up to trade uninhibited during its formative months.
With preferable terms, you can also optimise your levels of available cash flow and working capital at any given time, by minimising repayment amounts without compromising on the original amount borrowed.
You should definitely let an expert service provider guide you in this respect, particularly given the financial challenges associated with launching a new business venture in the current climate.
- Access Quick and Affordable Finance
As with any market comparison platform, outlets such as Touch Financial simply the process of connecting with invoice finance providers.
This ultimately means that your business can expedite the process of securing some much needed start-up funding, while the majority of platforms connect clients without applying a charge. Once again, this reduces the initial cost of borrowing and helps you to leverage your borrowings to full effect.
In general terms, invoice financing is a short-term and unsecured borrowing option that helps small businesses to trade and mitigate the impact of extended invoicing terms.
By partnering with invoice financing specialists, however, you can reduce the costs of borrowing further while also securing funds quickly and efficiently.
