Tuesday 14th November 2023
As a business owner, you understand the importance of having access to capital to fuel growth and maintain healthy cash flow in the business. Often, navigating through these various financing options can be overwhelming.
What is Invoice Finance?
Invoice Finance allows you to unlock the value of unpaid invoices. Typically, a provider can advance a percentage of the invoice value and once the customer pays the invoice, the remaining amount is paid to the business, minus a small fee.
What is Asset Finance?
Asset finance involves using existing assets as collateral to secure funding. The finance provider typically advances a percentage of the asset value and your business can make regular payments over a fixed term to repay the loan/lease.
How to choose the right option for your business.
The decision depends on your business needs at the time. If your business has a need for cash flow, Invoice Finance may be a better option. On the other hand, if you require the capital to acquire new or upgrade assets, then Asset Finance may be right. Potentially, a combination of both may be the most ideal solution for you.
Contact us today to discuss the most suitable solution for your business.