bank finance

Small Business Finance: What you need to know

Small Business Finance: What you need to know

For any business, initial funding is a crucial element of success, but raising finance will almost certainly be the most difficult element of starting and running a business. Thankfully, you have an array of options open to you when it comes to raising finance. Before proceeding to raise finance, you should first ensure your business plan is economically sound. If it is, you should be able to build a solid financial base if you know what you are doing. This article should serve as an introduction to financing your business. It will cover how to assess your funding needs, then explore the multitude of different funding options – exploring your options for external investment, bank finance, and other finance options. How do I know how much finance to seek? To identify your funding needs, fol... »

Invoice Finance and Your Small Business

Invoice Finance and Your Small Business

As a small or medium enterprise, you’re no doubt aware of the issues faced when trying to secure funding. Securing credit from traditional lenders such as banks is becoming increasing difficult, with many businesses receiving nothing in the way of financial support. And for those who do secure some form of funding, in most instances it isn’t enough. This has led to the creation of many asset-based forms of funding, such as invoice finance. Invoice finance explained In the main, invoice finance solutions come in the form of factoring and invoice discounting, with both involving the same principle of funds being provided in accordance with the invoices issued. How Does Invoice Finance Work? As soon as you issue an invoice, the invoice finance provider will immediately release an agreed perce... »