Cashflow Finance
Cashflow finance bridges a gap in funds which might be created in the time between your business invoicing and buyer, and that buyer paying for the goods or services. It will give you the working capital you need to meet day to day expenses or to pay creditors, suppliers or employees.
We outlined some options below for you, but if you need further information about cashflow finance, give us a call for a no obligation discussion. We are specialists in cashflow finance and can find a solution in almost any circumstance.
What is Cash Flow?
Cashflow is the money moving in and out of your business during any given month. Incoming cashflow comes from customers buying your products and services – some of this may come from collection of accounts receivable if you customers are on payment terms.
Outgoing cashflow can be anything from payment of expenses, like rent or mortgage payments, monthly loan payments, taxes or other accounts payable.
Why might I need cash flow finance?
Lack of cash and not acting on cashflow problems are two of the most common reasons why businesses fail according to The Small Business Administration. Running out of money will lead to a business closing down fast.
Business need not panic though, there are solutions to cashflow problems in the form of affordable cash flow finance. This can give businesses the brief boost needed to launch or scale, or simply to bridge a short term problem.
Most commonly, cashflow is an issue for new businesses who have outgoings but few or no paying customers. It can also be problematic for seasonal businesses who have high and low cash flow periods regularly.
Factoring
Your ‘invoices receivable’ from your customers are an asset, and it is possible to “sell” this asset to an agent. You will receive some of the value of the invoices (usually, around 85%) in advance. The broker or agent will charge a fee or commission.
Invoice Discounting
Invoice discounting is a similar method for financing your cash flow, but in this case, involves borrowing against invoices receivable (as opposed to selling them for commission).Invoice Discounting is often preferred to Invoice Factoring because you will remain responsible for collecting payment. So, your customers will not become aware of an external arrangement.
Credit Control
We will look at methods that can improve your cashflow. For example, by putting in place systems which ensure that invoices or debts are recovered in a timely way. Thus, preventing future cash flow issues.
Trade Insurance
Trade insurance or trade credit insurance can protect your business. This is a form of insurance which is designed to protect your invoices receivable from customers who fail to pay you or who fall into insolvency or bankruptcy.
CLIENT TESTIMONIALS
How else can we help you?
Our clients vary in terms of their financial status and their mission. Some already own some form of country-based assets and simply want a better deal. Assets could include a farmhouse, land, buildings or other country property. Other clients are looking to buy their dream estate.
Many need finance to fund a diversification project which will produce income. Or they are expanding their farm or replacing expensive debt.
Some have run out of cash on a building project or could be under heavy financial pressure.
Livestock Finance
Asset Finance
Vehicle Finance
Green Energy Projects Finance
Project Finance
Property & Land Finance
Why use Buzz Financial?
At Buzz Financial, we have considerable experience in helping clients to expand their businesses by accessing the funding that is needed.
By considering your unique needs, we will find the business finance solution that is most appropriate for your business and your industry. We will then present you with the most financially attractive options to help you move forward quickly.
To find out more, complete our online enquiry form or contact us by telephone or via email to discuss your business goals with us.