Is poor cash flow is holding your business back?
Here are 7 reasons that debtor finance could take you to the next level.
1. Money now, not later
When you have an established account with a debtor finance company you’ll be paid within hours of issuing invoices to your debtors. You don’t have to wait 30 or 60 days to get the cash
2. Cash, but no debt.
Debtor finance is a transaction. You sell an invoice to a finance company which buys it at a small discount to its value. You are not borrowing money.
3. Unlimited funds
The more sales you make, the more invoices you can sell. It’s as simple as that.
4. No Restrictions
Invoice finance companies won’t dictate what you use the cash for.
5. Clean Credit Record
The sooner you get paid, the sooner you can pay your bills. You don’t have to keep your creditors waiting, so there is less chance of a poor credit report.
6. Reduce Costs
Money in the bank means you can negotiate discounts with your suppliers by offering cash.
7. Beat Your Competition
Money in the bank also means you can offer your customers extended payment terms and nail the competition.