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Finance for Manufacturers
As a Manufacturer of goods, waiting the entire process from the production of items, to funds being exchanged can often take time, and cashflow issues can arise. Manufacturing Finance can help to raise necessary funding through multiple facility types. Invoice Finance (Factoring) is common within the sector, allowing you to release funds on your invoices early, allowing you to better run the management of your cashflow and reducing the stress on your finances by increasing your working capital.
Invoice Finance is a product that allows you to access funds credited to you invoices, removing the stress of lengthy payment terms. We can support business owners in all stages of their growth, from new starts to those trading for 20+ years. Limited Companies and Partnerships can acquire funding through our panel of lenders, for working capital, business expansion (such as recruiting staff, or purchasing an asset) or ongoing projects. It is common knowledge that when a company invoices another, it generally takes anything from 30 days to 120 days (sometimes more) before that company receives payment from its debtor. This can have an impact on manufacturers and stop them from continuing to trade, together with stopping their progess to reach their full potential.
Keeping on top of your financial management is absolutely vital for a business trying to grow and be successful. An invoice finance facility could be the key. The main benefit of an Invoice Finance facility is that it massively increases your cash flow potentials. It removes the need to wait out lengthy payment terms, and ensures once work has been completed and an invoice is raised, you have those funds in your business account within 24 hours. This means once you have completed said work, you immediately gain the income.
