Managing cashflow can be the bane of your life, especially when you’re trying to run a business. Cashflow is detrimental to every business and often is the reason why businesses fail, because they have failed to plan and manage their cash flow effectively.
You might have already downloaded our FREE Top 10 Tips for managing cashflow resource which seems simple enough to do but putting it into practice can be time consuming. At ABL Business we want to help every business to reach their potential which is why we have put together a list of products that can help you with cashflow solutions so that you can take back control.
A lot of businesses have cashflow issues as a result of unpaid Invoices. An invoice finance facility stops you having to wait 30 days to get hands on your cash, you can get up to 85% of the value of your invoices on day 1. The great thing about invoice finance is that the provider of the facility will then chase the debt, so not only is it helping your cashflow but giving you more time to focus on what you do best! Invoice finance gives you an immediate cash injection and then an ongoing supply of funds into the business based on your level of sales.
Read more about Invoice Finance here.
Business Loans can provide you with a quick cash injection helping you to get out of a cashflow deficit. A Cash injection could be just the push you need to get back in control of your cashflow and see you straight. However, business loans are not a long-term solution to cashflow problems so if you are still struggling, speak to a member of the team today and they will help you with a long-term solution.
Read more about Business Loans here.
When the quarterly VAT bill comes in it can ruin all the hard work you’ve put into managing your cashflow. Paying the bill in one lump sum can be a lot of money to leave your account all at once, but what if we told you that you could get Vat Funding to help you spread the cost! Vat Funding allows any business with a minimum VAT bill of £10,000 to spread the cost over 3 months with a fixed rate of 3.9%. This approach means that you have manageable monthly payments to make instead of one large one, leaving you in a better position with your cashflow.
Read more about VAT Funding here.
The ABL Hybrid Approach
You might decide that after reading this blog all these products seem to be the solution for you! Well that’s great, at ABL Business we like to take the hybrid approach, one solution doesn’t fit all. This is why we will take a look at what your problems are and then put together a plan that might include one or all of these products to get your business to the place it needs to be and you back in control of your cashflow!
If you’d like to speak to a member of the team about any of the products that we have listed or just to have a chat about your cashflow, then you can get in touch with us on 01274 965356 or email firstname.lastname@example.org