PLEASE NOTE THAT THE CBILS & BBLS is now closed to new applications
Invoice Finance is a funding option that can be suitable for an array of businesses, whether they be big or small, new or long-established and varying in sector. One assumption about Invoice Finance is that is more suitable for new start-up businesses but there are actually a whole range of reasons as to why Invoice Finance can be perfect for mature businesses too.
Invoice Finance for mature businesses
Invoice Finance is generally used by businesses to bridge a cashflow gap and to allow the smooth running of a business without the worry of late customer payments. Business owners can often feel nervous when thinking about having an Invoice Finance facility due to the following common misconceptions surrounding the funding option.
“They’re going to hound my customers for payments”
Businesses within the haulage sector have experienced a significant change in demand over the last 12 months, whether it has been increased demand when supermarkets were in need or a decrease in required services as businesses ceased to trade. Invoice Finance can be very beneficial for businesses within the haulage and logistics sector. It allows businesses to benefit from extra monthly funds to invest in vehicles, keep on top of fuel and tax payments, as well as making sure employees are paid on time.
Architectural Powder Coatings (APC) is a manufacturing business which specialises in metal powder coating. Based in Newcastle, APC has worked on projects across the region, priding themselves in a high-quality and industry-leading service. The business was set up in 2002, providing businesses with top of the range powder-coated aluminium products.