Essex Commercial Finance

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Does Your Cash Flow Need A Jump Start?

jump start

Do The Wheels Of Your Business Stop Turning In Between Invoices Being Settled?

Cash flow is the blood in the veins of your business, and you need it for a wide range of purposes such as wages, fixed overhead costs, paying suppliers and increasing or diversifying your activities as business conditions dictate – or opportunities present themselves.

Invoice Finance could be the solution for you – it’s flexible and can adapt to most sectors and business models; it fits with business conditions and turnover, unlike the rigid structure of a business loan.

Even if your company has not been directly impacted by Covid-19 and suffered lower sales or productivity, or even a forced closure, it is highly likely that through your supply chain, staffing or customers and clients you will have felt the effects in your cash flow; the wheels of virtually all businesses have hit bumps in the road.

Beyond the next few weeks of Government backed support for eligible companies, your company will need continued support to ensure that waiting for invoices to be settled doesn’t limit your activities – or your ambition.

We work with a broad range of Invoice Finance lenders, and can work with you to ensure that you select the most suitable product and finance provider for your business. 

Beyond deciding if you want a discounting or factoring facility – or put another way, how much control you want to retain over the customer relationship and Credit Control – we can help you identify the lender best suited to your sector, business model and budget.

Invoice Finance lenders are currently offering many incentives for SMEs to try a facility, and are convinced you will quickly recognise the benefits and adapt to it longer term. These incentives can include:

  • No facility set-up fees
  • Discounted interest rate on the facility for an introductory period
  • An initial contract free period, often 6 months

If your business has been affected by Coronavirus, then the next 6 weeks do present a unique opportunity to access an Invoice Finance facility under the Government backed CBILS scheme – where some accredited lenders on our panel can offer some great benefits for your company, over and above everything that you will gain from your improved access to cash flow:

  • Invoice Finance with no set up costs, no service fee and no interest charges for 12 months (100% cost free for 12 months) – and no ongoing contractual ties beyond that period
  • Term loan alongside an Invoice Finance facility – loan for up to 40% of the facility level for up to 5 years, CBILS Business Loan benefits apply
  • ‘Top Up Funding’ – commonly up to 30% extra added to the pre-payment limit of the Invoice Finance facility – up to a maximum of 100% of invoice amounts submitted – no interest charged on the ‘Top Up’ portion for 12 months

As you approach and plan for the next 12 months, is it likely that you will always have the cash flow necessary to meet wage bills, pay suppliers, or grow your activities, without the certainty of knowing that when you issue an invoice you will get funded almost immediately?

In these difficult times, it could pay to add certainty wherever you are able to. Why not know for sure when your invoices will be funded?

Please get in touch and start the conversation about the most suitable Invoice Finance facility for your business. It could be the jump start that your cash flow needs.

Please call 07726 195 106, or e-mail mark@essexcommercialfinance.co.uk

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Essex Commercial Finance Limited  is a company registered in England and Wales with Company number 12610135
Registered Office : Suite 3, 8 Kingsdale Business Centre, Regina Road, Chelmsford, Essex, CM1 1PE

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