When your business starts to grow, you should probably start thinking about re-evaluating your business finance requirements.
For example, you may now be in a position to take on a credit controller/in-house book keeper to manage your sales ledger. This will mean that you will no longer require the credit control function included within your existing factoring facility.
You may also be wishing to:
• Purchase new plant and equipment
• Or expand into new markets
The first step to securing the right finance facility for your business is to ensure that you have written a solid business plan. A lender will want to:
• Be able to understand your business, where you are now, where you want to be and how you are going to get there
• Your credit history
• And that you are able to manage cash
Then you will need to shop around for the best deal available to you. A quick search on the Internet will show you that there are many commercial lenders out there. And many business finance facilities. These include:
Offers invoice pre-payments in order to free up working capital.
If you need to make a high value investment, asset finance releases cash against the value of existing assets
With a business cash advance, payments are based on a percentage of your future credit/debit card sales
Other business finance services
Including direct debit services and more
With so much choice and so many commercial lenders out there, you need to spend time shopping around for the best deal.
This is where we as a business finance broker come in. Our objective is to save you time and money by finding the best and most cost effective Small to Medium Sized Enterprise SME Finance package for your organisation.
At The Business Bureau we understand the positives and pitfalls of most of the financing products available today. But more importantly we know the commercial lenders providing them.
So if you are a business with a turnover of between £1m and £25m, why not contact us today for a quotation for SME finance. We would be delighted to discuss your individual business requirements further.