Industry News

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5 Ways Invoice Finance Can Help Your Business Grow in the New Year

As we enter a new year, small and medium-sized businesses across the country are setting new goals and looking for ways to fund growth and expansion. If you’re one of them, you may be considering options like loans, investors, or crowdfunding. But have you thought about invoice finance? Invoice finance is a financial solution that allows businesses to borrow against their outstanding invoices. This can provide immediate access to working capital, which can be used to fund growth, hire new staff, invest in equipment, or pursue new opportunities. Here are 5 ways invoice finance can help your business grow in

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Four Financing Options You Should Be Aware of When Launching A Start-up

Starting a new business can be a daunting and challenging task. From conceptualizing an idea to bringing it to fruition, new business owners often face a plethora of concerns and questions. One of the most crucial elements in keeping a small business alive is funding. Whether a business is small or large, it requires a certain amount of financial resources to operate and grow. Obtaining loans may be the best option for small businesses looking to expand as they may not always have the required funds readily available. In the past, seeking a loan was viewed as a sign of

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More than a quarter of UK firms claim that banks won’t lend to them

A new study reveals the challenges that businesses experience when trying to obtain financing from traditional lenders and how non-traditional alternatives might fill the gap. According to a poll conducted by the Confederation of British Industry (CBI), more than a quarter of business executives said they had trouble obtaining financing from major banks. Additionally, 2 out of 5 people believe that banks’ lending practices have not evolved to meet contemporary company demands. More than one-third of the firms polled believe alternative lenders make it simpler to acquire capital, and three-quarters say their company has profited considerably from invoice financing options.

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How to handle liquidity in a crisis for expanding enterprises

The previous three years have been incredibly difficult for SMEs. A couple of the challenges SMEs have had to overcome in the last three years include Brexit and the COVID-19 pandemic, which brought about persistent supply chain issues. In this blog, we talk about how these crises affect SMEs globally, the effects and the solution. THE CURRENT SITUATION A period of high inflation and slow economic development is known as stagflation. A replay of the stagflation of the 1970s, according to some, is on the horizon for the UK. Together with slow growth, the UK’s inflation rate has reached its

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What can I do about clients that pay late?

We are witnessing numerous firms struggling with cash flow issues as a result of needing to prolong trade payment terms amid disruptions in global supply chains, economic unpredictability, and rising inflation. Historically, overdrafts have been the preferred working capital option for businesses. But banks are no longer providing or extending these facilities as often as they did before the 2008 financial crisis. Lenders are also becoming more hesitant to lend more money. Fortunately, there are additional financial choices, including invoice financing. Most firms can obtain up to 90% of an invoice’s value through invoice financing if the invoice is less

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Small businesses severely impacted by late payments

Because half of smaller suppliers continue to receive late payments from their clients, the government is being urged to step up efforts to crack down on late payers. Data from the Federation of Small Businesses reveals that between April and June, half of the 1,300 small business owners and sole traders surveyed for its quarterly research reported being paid late, and one in five said the problem was getting worse. This comes as two important initiatives to address the issue stall. Late payments are estimated to cost small businesses, which employ more than 10 million people, an annual total of

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