Finance for business aims to maximize your businesses value while also managing the businesses financial risks.
Whatever your financial needs, whether you are looking for a short term cash flow solution or for longer term borrowing needs we will be able to find a range of solutions to suit your needs.
Here are some common finance options:
The most flexible solution for business borrowing is an agreed business overdraft. An overdraft is a borrowing facility attached to your bank account which allows you to borrow money quickly from your bank when you need it. Overdrafts are perfect for covering day-to-day expenses and for financing temporary shortfalls in cash flow.
There are a variety of different business loans available and the cost and flexibility of loans will vary. Business loans are great for larger and longer borrowing needs. With a business loan the money you borrow will be repaid over a pre-agreed time frame at a fixed, variable or capped interest rate.
Business credit cards
No matter how small your business is, a Business Credit Card is a necessity. A Business Credit Card not only gives your business credit but it also gives you credibility. A Business Credit Card will allow you to keep your personal and business expenses separate and to build up a good credit history for your business. They are also a great way to improve your cash-flow as you can pay off all expenditure for the month at one time.
If you are worried about the ability of your customers to pay you for what they have purchased or if the non payment of a larger customer could have an adverse impact on your business, then Credit Protection may be an ideal solution for you. Credit Protection is an agreement between you and a Credit Protection Company, whereby the Credit Protection Company pays you if your customers don’t have the financial ability to do so. Credit protection is a great way to improve your cash flow and protect your balance sheet against losses.
Factoring allows your business to get the cash it is owed quickly and with out the hassle of collecting the debt, by selling your businesses unpaid invoices to a factoring company. Factoring also allows you to borrow money which is secured by your debt and gives you to better control and management of your cash flow.
For further information about business finance please contact our advice team on 0800 597 4757 or apply online using the form opposite.
- Business Finance – home
- Overview of Business Finance
- Finance for Business
- Funding to start a business
- Small business funding – fuelling your growth
- Small business finance for better cash flow
- Finding the best deal – search for funding
- Guide to business overdrafts
- Guide to Business Credit Cards
- Business funding for distressed businesses
- Business finance – protecting future income with credit protection
- Avoiding financial difficulty