New Start businesses are crucial in driving the UK’s economic recovery in 2011. With unemployment increasing and fewer jobs available, people are looking for more ways to generate an income. Sole traders in the UK are dramatically on the increase as people are taking the chance to innovate and start up their own businesses.
Challenges for New Starts
New Starts may often struggle to really get their business off the ground due to a lack of cash flow in its early days. Banks will seldom loan money to companies without a financial history, and overdrafts are becoming more unreliable and costly.
What SBF can do
Skipton Business Finance has a ten year history of success, dealing with new businesses and starts across a variety of sectors, and helping them to improve their cash flow. With improved cash flow, comes a whole host of boosts to your business, not least gaining the ability to pay creditors quickly and benefit from early payment discounts, the ability to take advantage of economies of scale and new confidence to be able to take on bigger, more lucrative deals without the risk of running out of money.
How SBF do it
We strive to deliver flexible invoice finance, such as factoring or invoice discounting, that grow with the business of the client and our entire sales approach is shaped around this philosophy.
In over ten years, we have funded businesses in and given access to funds to grow in line with their sales meaning that the solutions we provide are more flexible than a traditional bank overdraft.
This means that the factoring and invoice discounting facilities we provide, are the fastest growing alternatives to a traditional bank overdraft.
There were 17,466 businesses using invoice discounting facilities at the end of 2010.
Get in touch with us!
It’s easy to unlock the money you have tied up in unpaid invoices. Just call us on 0845 602 9354 and one of our award-winning team will be able to guide you through the process. Alternatively, fill in the quick quote form on the right.
