The struggle that businesses go through in order to secure finance can often be one which is detrimentally disruptive to the day-to-day running of a company.
When new opportunities present themselves, business builders need to be able to quickly access extra capital to fulfil new orders, purchase new equipment or hire the right people.
Invoice finance is an increasingly utilised funding mechanism – one which can very quickly, and securely, open up a line of credit for growth.
While once considered to be the lending option of last resort, the reluctance of banks to fund small or risky ventures has meant that businesses have begun to spend more time investigating how invoice finance can provide assistance.
However, a recent poll conducted by sister site SmallBusiness.co.uk revealed that a hefty 63 per cent of small businesses still do not know what invoice finance discounting is, while 21 per cent use it and 15 per cent do not.
– See more at: http://www.growthbusiness.co.uk/growing-a-business/business-finance/2429327/five-businesses-using-invoice-finance-to-fuel-growth.thtml#sthash.7XIhonAI.paSGlD6S.dpuf