Spring clean your finances for the new financial year

As spring fast approaches, there is no harm in giving your business finances an early ‘spring clean’, allowing a fresh start ready for the new financial year.

The starting point with any financial spring clean is identifying how you are spending your time running the business and where your capital may be unnecessarily tied up.

One solution that is perhaps not being used as effectively by SMEs (as a way of accelerating cashflow) is invoice financing.  This is basically a way of improving working capital by releasing finance against unpaid invoices.  It is proven to improve cashflow and enables businesses to reach a position where all urgent or exceptional costs (like wages, investment in projects, buying additional stock) can be met without having to keep one eye on the overdraft or chasing payments on the sales ledger.  The facility can offer up to 100% (in some cases) of the value of the sales ledger and can quickly lift the pressure off a business owner’s shoulders.

PFC work independently with some of the UK’s most established invoice finance providers. With our team of experts, and a panel of lenders that include some of the best invoice finance underwriters, packages can be tailored to suit any business, of any size or age. Even if you’re an established business or a new start up, we can help you access the finance you need.

Whatever the need is, make sure you get in touch today to see what aspects of invoice finance could support your business as you make a fresh start this spring.

 

>> https://pfcfinance.co.uk/contact-us/. https://pfcfinance.co.uk/invoice-finance/

>> https://pfcfinance.co.uk/business-finance-case-studies/