The old saying holds true “Turnover is vanity, profit is sanity but cash flow is king”. In addition to freeing up your cash (no more waiting for clients to pay your invoices holding up your business) lenders offer a whole suite of services including credit checks of your prospective clients and tools to free up your time instead of spending it chasing them for money.
As this form of finance is very flexible, growing as your invoices grow, it is proving a great choice for many businesses replacing or augmenting traditional inflexible bank overdraft limits (which typically only increase based on historic accounts and may also require formal security).
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Invoice Finance
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Invoice Discounting
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Factoring
Your buy to let property or commercial property may be repossessed if you do not keep up repayments on your Mortgage.
