Utilising working capital finance is not a bad idea and is implemented by many major corporations. Not only does it protect a company from disruption of events in unexpected circumstances, but it also allows revisions and expansions when a business decides a new strategy could be of benefit.
Working capital finance gives a business strength, flexibility and stability. That's why so many smart business owners today choose to have business cash flow finance working for them. One such business cash flow finance solution is invoice financing or invoice discounting.
New businesses and small firms often find themselves in working capital crunches. Without adequate working capital, they cannot build inventory or purchase raw materials. As a result, the company cannot sell enough products to generate the profits needed to rectify this situation. This is extremely dangerous and can be destabilising for the company or even cause it to collapse. Ensuring your business has sufficient working capital will go a long way in making the difference in whether your vision succeeds or not.
With working capital, you know you can fulfil the needs of your business and your target market no matter what kind of unexpected situation happens. You and your business can rise to the challenges and changes of today's ever growing and rapidly evolving business world. Working capital finance plans allow your business to have the safety of the financial backing it needs.
Today, you can get a great working capital finance solution without many of the challenges of yesterday's traditional lending procedures. Intellichoice offers a unique debtor funding facility called invoice discounting, which provides businesses with greater flexibility to utilise the cash when your business needs it.
Invoice financing or invoice discounting can be an excellent way for some companies to infuse much needed capital into their business. It is quite possible to run a very successful company and still not have the money necessary to cover basic expenses such as rent, materials and salaries.
Benefits of invoice discounting include:
- Funds to you within 24 hours of invoicing
- Real estate security not required
- Allows you to opitmise your stock levels
- Achieves growth without the need to increase capital or dilute equity
Most companies that find themselves with not enough capital to meet their obligations will turn to a bank in hopes of obtaining a business loan, but in some cases, this may be not possible, especially with the strict lending criteria. Invoice financing on the other hand is an alternative business finance solution that does not tie you to the bank's strict lending criteria.
Call Intellichoice today on +61 7 3624 1900 to find out how invoice financing can give your business the working capital it needs to flourish.
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