Small Business Funding - Fuel Your Growth
Businesses need access to cash in order to grow. Expansion can come through investment: in new equipment, larger premises or more staff. Or it could be through a marketing campaign to increase customer awareness.
Whatever it is, there will initially be a negative impact on cash flow. Suppliers and staff need to be paid and rents will be due. There will be a gap in small business funding between making payments out and money starting to flow in.
Even where there is no intention to invest and where growth is anticipated to be organic, a robust working capital solution needs to be in place if turnover is to increase.
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Opportunities for Small Business Funding
Business finance can be obtained from a variety of sources. But before looking for cash it is important for businesses to have a clear understanding of their needs, which should be based on a cash flow forecast for the coming months.
Businesses also need to understand the costs involved in finding additional working capital and the benefits of the different solutions that exist. Getting access to funds is relatively easy; finding products offering the right level of flexibility and cost is more difficult.
Flexibility is Important
No one looking for small business funding for growth wants to be tied into a long-term or even medium-term arrangement, if at all possible. Commercial conditions can change quickly and growth is often fed through being able to respond promptly to situations as they occur.
Many traditional forms of commercial finance, such as fixed term loans, offer a predictable but inflexible repayment pattern. Gaining competitive advantage is often a result of seizing the moment, which can be difficult when access to working capital is constrained.
Alternative forms of financing, such as Invoice Factoring, are much more adaptable. Factoring gives the additional benefit of being linked directly to turnover – as more business goes through the books the capacity for borrowing increases, optimising the availability of working capital.
Business Funding Advice From Touch Financial
Being the UK’s leading commercial finance broker means we have helping thousands of organisations to resolve the challenge of sourcing cost-effective working capital to fuel growth.
The way we work is to create a long-term relationship with customers. Our advisors invest time to understand customers’ needs before identifying potential solutions from our panel of over 20 lending organisations, which includes several leading banks.
Because of our experience in small business funding and in finance for larger organisations, we are confident that we can find some of the most cost-effective routes to boosting working capital. Our relationship with lenders can give us access to special deals and preferential rates not available elsewhere.
Another benefit of working with Touch is that our service is complete free to customers. We are paid by the lenders and our internal structure means our advisors are completely impartial, which means they focus on finding the best deal for customers.
If your organisation is looking for growth and needs to boost its working capital, why not make contact with one of our advisors today?
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Also in this section:
- Overview of Business Finance
- Finance for Business – Help, Advice and Quotes
- Finding The Best Deal – Search for Funding
- Funding To Start A Business
- Business Funding For Distressed Businesses
- Small Business Finance for Better Cash Flow
- Guide to Business Overdrafts
- Guide to Business Credit Cards
- Business Finance – Protecting Future Income with Credit Protection
- Avoiding Financial Difficulty
Every month Touch Financial help businesses improve their cash flow with invoice finance. Request a quote to find out how much extra cash you could raise.
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