Invoice Factoring Chesterfield are an Invoice Factoring and Invoice Discounting Funding Broker. Being locally based we understand the needs of local Chesterfield based SME’s. We have a great relationship with nearly all the lenders, from high street banks to sub prime lenders should your business be suffering a temporary cashflow problem. We are happy to meet at our offices or we can hold meeting at your business premises for convenience.
Invoice Factoring for Chesterfield Based Businesses
Chesterfield has a Population of Chesterfield is 104,400, Overall the Top 50 SMEs in North Derbyshire contribute turnover of over £712 million, generate pre-tax profits in excess of £55million and employ over 4,000 people.”
What is Invoice Finance? its a type of Business Funding when you provide goods or a service to a customer you issue an invoice within your terms, 30, 60 or 90 days. That customer will take time to settle your account yet you have to meet the costs involved in providing those goods and services before you receive payment. The funds required to fill this gap are called working capital and this is generated by owner investment or retained profits.
Our aim is to help Chesterfield Businesses with Invoice Factoring, Discounting and Funding Solutions, finding them the right solution for their business.
If a Chesterfield business is new, or is expanding fast, the need for working capital outstrips these resources and it becomes necessary to find the money elsewhere this is where we can help. If you need to borrow it commercially assets are required as security and often the obvious ones are those causing the cash deficiency: unpaid invoices.
As a means of bridging the capital gaps that accompany growth invoice factoring Chesterfield is a great answer financially, thankfully a practical reality too. The loan facility reflects the Chesterfield business being done so it grows or it shrinks in line with invoices that are unpaid: this is particularly useful for businesses with big seasonal variations in their trading patterns.
A bank loan is wholly unsuitable here being too inflexible and requiring assets of a permanent type as security and takes months to acquire a invoice finance facility can be in place and funds paid out in five days.
Factoring And Invoice Discounting Differences
Invoice factoring facilities are split into two basic disciplines. Factoring: this is where the lender notifies your customer that the invoices are assigned and collects them too. Discounting: here the company’s substance and reporting systems mean that the lender is happy for the borrower to collect the invoices and present regular reconciliations as to the position. The former is often best suited to smaller and newer companies, the latter to the more established.
Money is advanced to a percentage of your outstanding invoices depending upon the quality of the party invoiced and the spread of them too though some firms will look at single invoice finance. With factoring you get paid the balance when the invoice has been collected, less the charges for borrowing the money.
Business Funding Solutions
The big advantage of invoice funding for Chesterfield is that the business owner is in control though subject to some reasonable protocols on the part of the lender so they can manage their risk properly without personal guarantees. Seeking angel or venture capital instead to meet working capital needs involves a surrender of equity or shares, often paying a penal rate of interest on the money invested, having your business run to suit an exit strategy for the investor often to the detriment of its fabric and the fact that much of the capital they invest might be lying idle for much of the time.
A wide variety of invoice factoring providers are available as we work with over 20 lenders. We can use our contacts to compare different providers and come up with the best fit for your Chesterfield business. Business funding covers a whole spectrum of lending for business. Every business is different and needs different business funding solutions.
Business Finance in Chesterfield
Whether you’re looking to release cash from your invoices, invest in new equipment without tying up capital, or want a loan to grow your Chesterfield business, we’re here to help reach your goals. Our flexible finance solutions are designed to fit around the needs of your business. We offer a simple online application process with straightforward repayment options, speedy release of funds and no hidden fees. Our online asset finance, business loans and invoice finance solutions give you the reassurance to unlock funding when you need it.
We want to get finance flowing for SMEs business across Chesterfield & Derbyshire, to support them through every stage as they grow. So we’ve developed a truly flexible range of business finance solutions. Unlocking cash from unpaid invoices to financing equipment to aid the SME in their next stage of growth.
- Access business loans up to £50,000 or finance assets up to £500,000
- Release up to 90% of unpaid invoices in 24 hours
- Fast online application, instant decision
- Straightforward repayment options with no hidden fees
- Unlock funding when you need it, from one of the UK’s leading business finance providers
Commercial Finance for Chesterfield Businesses
If you are a Chesterfield based business looking to raise commercial finance, Invoice Funding are ideally positioned to help you.
We are experts at helping owner managed businesses raise finance. Our strength lies in our experience and knowledge of the many different financial organisations that are available to businesses. We can help your application be successful by finding the right active provider of commercial finance and ensuring your application complies with their lending criteria.
Get Your Free Invoice Factoring Quotes
Chesterfield based business? in the market for business finance funding in Chesterfield. Invoice factoring Chesterfield, Chesterfield’s leading Invoice Factoring & Invoice Discounting Broker can help. Simply complete the online enquiry. once it has been received a invoice funding specialist will return your call. You can discuss your need and hopefully we will answer any of your questions you may have.