Independent Business Finance Brokers
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Free Advice 01903 660091
Wholesale and Distribution Finance
Wholesale and Distribution Finance
With most businesses cash flow is key. That is why more and more wholesale and distribution companies are coming to us for invoice finance. Invoice finance takes away the waiting time of unpaid invoices. Imagine up to 95% of that tied-up money being available within 24 hrs of issuing that invoice. Don’t wait 30/60 or even 120 days to receive your money, just set up an invoice discounting or factoring facility.
Invoice discounting allows you to stay in control of your administration and collection process and invoice factoring allows the lender to take over. If growing your company or taking on more contacts is one of your company goals, set up an invoice facility to reinvest. Invoice finance is a great flexible solution that can be tailored to your business and its needs. Some companies have requested a confidential facility that means their customers do not know they are using a funding solution.
Our wholesale lenders are professional experts in the importing and exporting industry. Lets us at Grow Funding give you that free advice, simply call today and one of our friending team will be waiting to help.
Other financial solutions that could be considered are our secured and unsecured business loans.
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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