Heatwave to boost small businesses

Small businesses can help give their cashflow a boost through invoice finance facilities

Small businesses are set to profit from the current UK heatwave, which is predicted to last into the weekend and beyond, following an unseasonably cool spring and turbulent winter.

Small-to-medium-sized enterprises (SMEs) have had to contend with the continuing turbulent economic period which, coupled with extreme weather seen earlier in the year, has seen many struggle to keep cashflow healthy.

But retail sales are likely to increase as people get out and about in local communities, with the knock-on impact of increased retail sales likely to boost a whole host of other business sectors.

National Policy Chairman of the Federation of Small Businesses (FSB), Mike Cherry, said: “This has been one of the coldest years in recent memory so the weather... couldn't have come at a better time.”

“We need people to keep trade local and support local businesses that struggled as a result of the weather earlier in the year," he continued.

Invoice Finance for Healthy Cashflow

Is your business in need of a cashflow boost to help it trade effectively? If so, have you explored the possibility of an invoice finance facility?

Invoice finance cashflow solutions include invoice factoring and invoice discounting, which both help to release cash that gets tied up in unpaid invoices.

Invoice factoring also provides a credit control function, which can free up the time and effort your business puts in to chasing payments.

Why not email us at info@skiptonbf.co.uk, ring us on 01756 694933 or browse our website for more information on how invoice finance works.