Whilst traditional forms of business finance
like bank loans and overdrafts have become difficult to access over the last
few years, more and more business leaders have discovered invoice finance as a fast,
efficient way to fund growth.
Essentially, invoice finance allows your business
to raise cash against the value of unpaid invoices. Typically invoice finance can
provide you up to 90% of the value of each invoice as soon as you bill your
customer.
A
powerful injection of working capital
For any business, that can represent a really
powerful injection of working capital. Take your own business. Think about the average
value of your invoices, and how long your customers typically take to pay. Imagine
getting that cash in your bank account as soon as the invoice is raised.
How
much could you realise with invoice finance?
If an organisation invoiced £100,000 a month and
its customers typically take 60 days to pay, invoice finance could provide £187,398 * cash almost immediately, funding growth in the business.
How much could you raise? Take a look at the Close Invoice Finance online calculator and you
can use your own figures to get an idea of how much invoice finance could help
you to raise.
A
growing industry
In the last year alone, nearly 46,000 businesses
in the UK and Ireland have used invoice finance facilities to fund their
business, with the industry advancing in excess of £15 billion.
Find
out more
To find out more about how invoice finance can
help you to fund the growth you need in your business, download a handy invoice finance guide from the Close Brothers
Invoice Finance website.
