Got growing pains or gaps between meeting your payroll and customers paying you?
We know these can cripple your cash flow.
SMEs know that stressful feeling when invoices get paid late
Every minute they’re not paid can hinder growth and distract you from staying laser focused on building on what you already have.
Mounting debt can make running a successful business incredibly difficult if not managed correctly.
While most businesses carry a certain level of debt, escalating debt can quickly run out of control leaving you and your business in a perilous financial situation.
"The future of business lending is one without paperwork and automated approvals."
Is the future already here or are lenders just pretending in a bid to lure customers in?
Invoice Factoring has been a staple financing option for companies with slower cash conversion cycles, but there’s a catch.
Though it seems quick and painless, factoring companies often cut deep into profits, taking up to 20% of total sales. Before you factor your invoices, consider the true cost, avoiding shiny headline rates.
It’s no secret that growing a wholesale business means offering credit terms.
The juggling act begins when cash conversion from sales slows down, as creditor payments become stretched.
Selling goods or services means you’ll end up providing terms if you intend on growing.
Unless you’re cashed up or have the modern invoice financing alternative in place, you’ll need to bridge shortfalls between paying wages and suppliers.
It’s a sobering truth that corporates will delay invoice payments to boost their own working capital
This leaves recruitment agencies with little room to negotiate.
Topics: Recruitment Agencies