We are still seeing so many businesses struggling for cash flow with inadequate working capital facilities and replacing their bank overdrafts with invoice finance. Bank overdrafts are not designed to grow as a business expands and believe it or not there are many businesses out there that seemed to have turned the corner. This seems very much to be the case in the manufacturing and engineering sector which seems to be very very buoyant at the moment. Invoice finance by either factoring or invoice discounting can release cash against 85% of a businesses unpaid invoices. In many instances this can create cash far in excess of any bank overdraft facility is capable of doing.

Tags: Factoring, invoice discounting, invoice finance

This entry was posted on Saturday, April 2nd, 2011 at 9:21 pm and is filed under Factoring, invoice discounting, invoice finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.