CBIL & BBL schemes available from Skipton Business Finance
Many things changed for SMEs when the 2008 financial crisis hit. Some things were obviously catastrophic - job losses, business closures, the sharp decline in new start-ups.
But other outcomes were more subtle, like the increased struggle for small businesses to find new sources of working capital.
How do smart business leaders make strategic decisions? By asking smart questions. So, here are 5 smart questions to ask when choosing an invoice finance provider.
From the large banks to the small specialists, you are a spoilt for choice when it comes to invoice finance providers out there. This means it’s often hard to tell how each provider is ‘different’.
So, how do you decide which invoice finance provider is the right one for you?
Well, we could cut this short and just say us.
But that would be insulting, of course.
Our Skipton Business Finance experts offer some simple tips and tricks to help SMEs tighten their credit control procedures, so you can get cash in the bank and get out of bad debt.
If showing up to do the work is half the battle, the other half is trying to get paid. In our industry we call this Credit Control - the occasionally challenging process of getting a company to pay you on time.
There are signs that the Government is taking the issue of late payments more seriously, but it will probably be sometime before any concrete progress is made
The Telegraph recently reported that a majority of MPs backed calls to fine firms that regularly fail to pay suppliers within 30 days.
There are times in business when things don’t go according to plan and someone lands that sucker punch when you least expect it.
It’s at these critical moments when you need to be sure you can rely on your business partners to get you through.
Whether it’s the need for an urgent delivery from your main supplier, or the need for your key staff to work over a weekend to finish a job, business owners need to know they have the support they require in their corner.