What are the benefits of using Invoice Finance?
Transaction based Invoice Finance is what we do for our clients at Oxmantown Commercial. It’s a smart alternative to bank loans, which can be difficult for small businesses to obtain particularly at the early stage of their development. Through Invoice Finance, you can turn outstanding invoices due in 30, 60 or even 90 days into instant working capital — in turn, improving your business’s cash flow.
Let’s take a closer look at the benefits of Invoice Finance:
1. More time to grow your business
Rather than spend your valuable time worrying about paying suppliers on time you can avail of Invoice Financing and release the equity tied up in your outstanding invoices almost immediately allowing you to take advantage of supplier discounts and the ability to order more products to sell to customers and in turn increase your order book.
2. Strong financial history not a requirement
Small businesses often fail to qualify for bank loans because they don’t have great credit or enough business experience. With Invoice Finance, we look at the financial strength of your customers, not just your credit score. So even if you’re a new business or have hit a few bumps in the road, you can still qualify. We are here to work with you and to help you grow your business.
3. Fast access to cash
With Invoice Finance, there’s no long approval process. We can get you up and running in as little as a few days and funds on approved invoices are usually available within 48 hours. You won’t get that type of service from your bank!
So how can we help you grow your business today?
Give Oxmantown Commercial a call to discuss your cash flow needs on 01 230 0866. We promise to give you a quick decision with no hidden fees.