Independent Business Finance Brokers
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Printing and Publishing Finance
Printing and Publishing Finance
We know in the printing and publishing sector most of your customers like to settle their invoices in 30/60 days. It would be difficult for you to request that your customers to pay straight away as your competition may allow the flexible payment terms. Well now is the time to take average of invoice finance, like so many of your competitors already have. Printing and Publishing companies are one of the highest industry sectors using this flexible payment solution.
Let’s say you have completed a job and you have issued your customer with the final invoice, now you don’t have to wait for the invoice to be paid!
We work with expert lenders that will pre-approve a finance solution that will pay you up to 95% of the invoice with 24 hrs. You can use that money to start on your next job or invest back into the business. Some invest the cash flow back into machinery others into stock and advertising.
The best part of invoice finance is you can bespoke the funding facility. However, invoice finance is not the only solution when you own a Printing and publishing company. The machinery required to do the job already is expensive equipment and even if you do not own it outright, these are valuable assets. Our current clients have used these assets to raise cash flow. Some re-finance and others take out new finance to buy.
If you have some unanswered questions, let us at Grow Funding answer them. Our friendly team are available to answer and arrange all finance packages. Our advice is free, contact us today.
You may also be interested in our Asset Finance solutions.
Asset finance is a type of lending that enables you to access business assets such as equipment, machinery and vehicles without having to buy them upfront. It can also allow you to release cash from the value in assets you already own or use your existing assets as security against a business loan from an asset finance lender.
Business asset finance is typically attractive to businesses who want to put their growth plans into action but don’t necessarily have the ready cash, or business owners who would rather spread large costs over a longer period.
Short-term asset finance also enables businesses to remain competitive by making it easier for them to access the latest technology. Asset finance is a broad category that relates to valuable items in your business.
Here is one of our case studies of asset-based invoice finance –
Case Study - Feb - 2019
Invoice factoring for Essex based building company
This company had been awarded a large value contract with a London borough council to install new kitchens and bathrooms into their residential council properties. With limited funds in the bank to cover the cost of labour and materials, Grow Funding arranged a suitable Invoice factoring facility to allow the business to release cash tied up in their outstanding invoices. This means going forward at the point of them giving the invoice to the council they can factor the invoice to provide them with cash in the bank to cover their cash flow needs. An initial facility size of £165,000 was set up with view to this growing over time.
The Advantages:
• Credit insurance to protect you against bad debtors
• The funds are secured and valued against your assets
• Funds can be used for any business needs
• There is the possibility of being flexible in comparison to loans and overdrafts
Grow Funding ltd - 70 Goring Road - Goring by sea- Worthing - West Sussex - BN12 4AB
01903 660091
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