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Showing posts from July, 2022

5 Reasons Why Invoice Finance is a Smart Business Move

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If you’re running a business and not using invoice finance , it’s almost like you’re missing out on an opportunity to save time and money while helping your company grow. In fact, most businesses that use invoice finance report an increase in their operating cash flow within three months of signing up with an invoice finance provider. Here are five reasons why invoice finance can be such a good idea for your company. 1) It’s Easier to Obtain Capital When a business is ready to expand, the first step is often to secure additional funding. However, this can be easier said than done. Banks are often reluctant to lend money to small businesses, and many traditional investors are only interested in putting their money into well-established companies. Invoice finance provides an alternative source of capital for businesses of all sizes.  Rather than borrowing money from a bank or selling equity, invoice finance solutions allows businesses to use their unpaid invoices as collateral for a l

What Does It Take to Qualify For Invoice Factoring?

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  If you're a small business owner, you may have heard of invoice factoring as a way to get funding. But what does it take to qualify for this type of financing?  In addition,  invoice financing companies  will likely run a credit check on you and your business. If you have poor personal or business credit, this could affect your ability to get approved.  Fortunately, there are a number of financing companies out there that specialize in working with small businesses, so it's worth shopping around to see which one is the best fit for you. With a little bit of research, you should be able to find an invoice financing company that can help you get the funding you need to grow your business. Fortunately, invoice factoring is a lot easier than you think! Let's take a closer look at what it takes to qualify for invoice factoring: Provide Proof of Business Organization You'll need to provide a copy of your business license. If you're incorporated, you can provide a copy o

Reasons what makes Recruitment finance an amazing option

Recruitment finance has been around for a number of years, but only recently has it gained recognition as an option for growing businesses. The reason it has become such an attractive option is due to several benefits that come with this type of business funding. Here we look at some of these benefits and why they are so appealing: Access to working capital When you think of working capital, you may be thinking about the money that is needed to run your business. This includes the funding needed to buy tools and equipment, hire new staff and pay suppliers. Working capital is also the difference between your assets and liabilities. Assets are what you own while liabilities are what you owe to creditors or other parties. You can use this information on a balance sheet or profit and loss statement in order to determine how much working capital your business has available for daily operations. Growth accelerator Recruitment finance is the answer if you have a business that needs to gr