cash flow
Cash flow facilities to help your business run smoothly
“Turnover is vanity, profit is sanity, cash flow is king.” Poor cash flow can cause you sleepless nights and stop your business achieving its potential. Our cashflow facilities can give you peace of mind – and the freedom to concentrate on developing your business.
Cash flow facilities to take away business headaches
Cash flow can cripple businesses of all sizes, from start-up to multi-nationals. Unfavourable payment terms, slow payers and upfront costs can all create headaches as you spend more time worrying about cash flow than building your business and delivering for your clients. Our cash flow experts can help you access a range of services to ease cash flow problems, to free your time and mental energies into taking your business to the next level.
Our Cash Flow team
Our cash flow experts, headed by Gillian Palmer of Lending Made Simple are committed to finding cost-effective cash-flow solutions for entrepreneurs and small- and medium-sized businesses in Tunbridge Wells, Tonbridge, Sevenoaks and the surrounding villages.
They’ll put you at ease in our bright and modern offices in the fabulous 1887 building on The Pantiles in Tunbridge Wells, Kent, and guide you through your options to find the one that best suits your business needs.
How our Cash Flow team can help
Get in touch today with our Tunbridge Wells
business loans advisers to find out how you can kickstart your business growth or improve your cashflow
Our cashflow products
Revolving Cashflow Facilities
Think of a Revolving Cashflow Facility like a bank overdraft – there when you need it, but you only pay for it when you use it. This can make it a cost-effective way of smoothing out the unpredictability’s of cash flow.
Key advantages of Revolving Cashflow Facilities include:
- You only pay for it when you use it – any excess funds can be paid into the facility to reduce the interest charges
- You manage your own fund
- Available for businesses of all sizes
- Can assist with building up a credit history to help you secure additional finance to fund future growth
- No early repayment penalties
- 12 months facility
Invoice finance
There are three types of invoice financing: invoice discounting, invoice factoring and selective invoice discounting. They’re all designed to provide cash flow solutions for businesses that have invoiced for work but are struggling due to unpaid monies. This can especially apply if you are in a sector in which 90-day payment terms are standard. Other potential uses of invoice finance include:
- Enabling you to offer generous payment terms to clients to make you more attractive than your competitors
- Enabling you to take advantage of early-payment incentives from your own suppliers – the costs of the invoice finance may be less than the financial rewards from early payment discounts, potentially improving your bottom line
- Finance business expansion. Selective discounting gives you a flexible option to borrow against one invoice, or one debtor
Key benefits of invoice financing include:
- It’s generally quick to arrange
- It doesn’t require additional security
- It can grow as your business turnover grows
- It doesn’t count as a debt as you are borrowing against monies you have already invoiced, so is not registered as a liability
- It comes with no long-term responsibilities
Merchant Cash Advance
This is a form of invoice finance available to businesses that take payment via a credit or debit card payment machine, including hospitality businesses, health and wellbeing companies and retail, as well as many B2B companies. A Merchant Cash Advance offers you up to 125% of your business’s monthly credit/debit card turnover, which is settled by paying a fixed percentage of all card revenue until the advance and fixed fee are paid off.
Key benefits of Merchant Cash Advances include:
- No other security is required
- You don’t need a strong personal credit history
- The decision to offer you finance is based solely on your debit/credit card turnover
Get in touch today with our Tunbridge Wells
business loans advisers to find out how you can kickstart your business growth or improve your cashflow
