Funding is one of the primary concerns for any startup business – whether it’s the initial injection of capital that gets you going, or that line of credit that keeps you afloat as you establish yourself as a profitable growing business. We’re pleased to say that we’ve seen many startups achieve success on this front by choosing invoice finance.
Cash flow can often be quite difficult to maintain when you’re just starting out, but unfortunately, without liquidity, you’ll make little progress. You might need to bring on new employees, purchase new stock and equipment, or rent premises. It all costs money, and chances are that any hindrance to sales or quick payment of invoices will severely hamper your liquidity.
Invoice Factoring is perhaps the most attractive alternative finance option to startups. This is because collections are handled by the finance provider. We’ve found in the past that many of the smaller businesses we’ve worked with, and startups in particular, have found that they like the fact that they don’t have to worry about collecting unpaid invoices from clients and that they are able to offer credit terms to their customers.
To discuss the funding options available to your business. Please do not hesitate to contact us on 0161 280 4220 or lynnew@regencyfactors.com
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