PLEASE NOTE THAT THE CBILS & BBLS is now closed to new applications
Within Invoice Finance comes an array of solutions that could be beneficial to a business. Many business owners are put off Invoice Finance because it often comes with the preconception that it involves the funder chasing customers for payments. There a large range of solutions where this is not the case.
Many businesses still fund their cashflow through a traditional bank overdraft. It’s only when they come to renew it or look for an increase, they may find their bank is unwilling to go the extra mile. Overdraft providers tend to base their underwriting decisions on past financial records rather than where a business is going. If the business is going through a difficult period, they can find themselves with facilities being withdrawn or at the very least see increased fees.
There is often a feeling of reluctance from businesses when seeking Invoice Finance mainly because there are so many definitions and types available. This causes businesses to feel overwhelmed when looking at financing options.
However, at some stage, every owner-managed business will face an irritating wait for payment from slow-paying debtors and Invoice Finance can offer the best funding solution.
The ongoing lockdown may be causing you to feel anxious and overwhelmed, especially regarding keeping yourself and your loved ones safe against the virus. We have put together a small guide on how to keep yourself protected.
Know what symptoms to look out for
As COVID 19 is a virus that affects the lungs, the main symptoms are reported to be a fever or dry cough, which can also lead to breathing problems.
A great deal of us will have found ourselves working from home for the past week and though some might see that as a positive, most of us will struggle to maintain the same efficiency that we would have in the office. You may be finding it difficult to concentrate with new distractions whether it be a needy pet, uncomfortable desk or even just low morale. It’s important to make sure that your morale is prioritised as this can have detrimental effect on your work and, more importantly, your mood.
Take regular breaks