When your printing business needs a cash injection we can deliver a number of funding solutions. There are many reasons why a cash injection for a business in the print industry is the right decision for a business owner to take.
We believe that we can help and guide directors with the right funding solution to remain competitive in the print industry, whether you are Offset Printers, Lithography, Digital Printing Solutions business, Screen Printer, Flexography, you need to maintain healthy cash flow. Late paying clients can negatively affect this and put the brakes on your business growth and working capital – this is where a Printing finance facility can help.
We know your Printing business can struggle through crippling overdue payments. With 30, 60, or 90-plus payment terms, your cash is tied up in invoices so how are you going to pay for necessary operational expenditure – including ever-rising taxes, machinery costs, insurance and other expenses?
Invoice Factoring for the Printing Industry
In the modern world, we have left behind most traditional types of printing and the likes of CAD design, 3D and digital printing have taken over. This fast pace is a rapid response to your customers’ needs are essential.
Raising Capital for your Printing Business
Your projects are carried out with prompt accuracy, with express delivery critical. So you may ask yourself why is it so hard to raise capital?
The problem is that when that crisis comes, banks and lenders might be hesitant to offer you a loan or a line of credit. If your business has a healthy trading history then you might be able to secure a standard business loan. But, if you have a limited trading history or have had poor credit in the past, then getting a standard loan from traditional lenders is going to prove difficult.
Before we explore the types of finance available for small printing businesses, what might be the reasons for experiencing financial strain? A cash-flow problem can happen to any type of business; usually when a business doesn’t have enough money to pay its debts or liabilities.
That’s why more and more CAD designers and 3D printers have found a way to manage their finances and turned to invoice finance as a solution for a cashflow injection. This cash injection solution ensures instant day to day cashflow and working capital are readily available.
How does Invoice Factoring help my Printing Business?
Invoice finance lets you release funds early that are otherwise locked in your unpaid invoices. By utilising invoice finance for manufacturing you can release up to 95% of the value of your invoice or invoices usually within the same day.
This allows you to run your business efficiently without the worry of cashflow. It allows you today your suppliers and staff without compromise. It allows you to grow your business with the knowledge that your clients won’t notice any change to your operation – our service can be fully managed or completely confidential.
Invoice facotring for printing company allows you the freedom to manage and run your operation smoothly safe in the knowledge that you have smooth cash flow and the right company looking after your sales ledger.
Why your Printing business should consider invoice finance
There are many advantages to using invoice finance is you are a printing or publishing company. Firstly, this is a way to improve your cash flow situation. Late payment of invoices can cause enormous problems for your business if you have payments which can’t be pushed back, such as tax or payroll. There’s a very real risk that you could be forced into insolvency purely because of the money left outstanding in your unpaid invoices.
Invoice finance removes this problem and ensures you are paid the vast majority of all the money owed to you on time. This eases the financial pressure on your company as well as the mental strain on you as the business leader.
It can also reduce the strain on your administrative functions. As part of the service, the invoice finance provider will take on responsibility for managing your invoice ledger. They will handle everything including issuing reminders and chasing late payers. This takes a lot of the strain away from you as a business and allows you to focus on other things, such as securing more customers or driving your business forwards.
The reasons why are simple – with invoice finance, you can choose to sell just one invoice or your entire sales ledger to a lender in return for an upfront advance – up to 95% of the value. This flexible facility gives you control of your cash flow, putting you in the driving seat.
We can offer an invoice discounting or invoice factoring service that is tailored for your needs. Factoring enables you to relinquish your entire credit control process – this means you no longer need to waste time chasing client payments – the lender will do that for you. Discounting is different in that you stay in control of your credit control process. This product is 100% confidential, so your clients will never need to know you’re releasing funds against their invoices.
You need to keep your printing business moving forward, you need to keep your clients happy and the working relationship strong and, of course, you need to keep your cash flow healthy. By using invoice finance to unlock the cash in your unpaid invoices, you can concentrate on the day-to-day running of your printing and publishing business without the added burden of chasing overdue invoices and subsequently the delayed payments.
- Cash released in 24 hours after invoices are raised
- Receive up to 95% of the invoice amount
- Credit control can be fully managed or confidentially kept in-house
- Improves cash flow for your business
- Negotiate better terms with your suppliers
- Bad Debt Protection (BDP) can be added to protect against non-payments
Cash Injection Solutions
It’s the cash injection solution that’s proven to help businesses develop. Instant payment on invoices brings huge financial benefits and stability, including:
- Faster growth – working capital to invest in new staff, premises and latest machinery
- Better supplier terms – many suppliers will offer preferable rates with upfront or early payments, invoice finance means you have the cash to pay
- Efficient credit control – your invoice finance facility can include a fully managed book keeping and credit control service.
- We provide the fast moving world of CAD design, 3D and digital printing instant payments on issued invoices.
This means, your business can free up monies tied up in unpaid invoices, regardless of whether your late paying customers take 30 days, 60 days or 120 days to pay, Our cash injection finance solution will issue you payment within 24 hours. Invoice finance sees the borrower sell its outstanding invoices to a lender, which might provide 70 to 90 percent up front of the value of the invoices. Assuming the lender receives full payment for the invoices, it will then provide the remaining percent of the invoice amount.
With this finance product, the lender collects payments from customers, so they will be aware that the business is using this kind of financing. This approach better suits smaller businesses without a dedicated in-house credit department and with a minimum turnover of £50,000.
How does the invoice finance process work?
- You issue your invoice to your client, sending a copy to the lender
- An amount of up to 90% of each invoice’s value within 24 hours
- The balance is sent to you, once your client has settled
- The lender expertly manage all aspects of the supporting credit control services for you, meaning you can concentrate on your business
- Your account is visible on the online portal, it is also easy to use and confidential,
- Assistance is also given by your own dedicated Client Manager
Get in contact with us today if you would like more information or a quotation. it simply takes a few minutes to complete our online enquiry form