Nearly two thirds of UK SMEs (small & medium sized enterprises) don’t understand how invoice finance works, despite their financial directors and CFOs considering restricted cash flow a barrier to business growth.
One of the options to SMEs is invoice finance, which releases capital from unpaid invoices. It works by lending money based on the balance of debt owed to a company. Once the payment has been settled by the customer, the remainder of the balance is returned to the SME less a small fee.
Kevin will be sharing the different types of invoice finance available, & the options that they can provide.
Tune in from 1pm on Channel Radio this Friday the 13th of October 2017.
Information source: Close Brothers Invoice Finance