The ASC Blog
You’re growing but can you afford to?
Good news, you’ve secured the contract you were bidding for! Bad news? You’re now realised that you’re unsure on how to fund the new work. What you need to remember before you panic that there are options out there for you.
- Invoice discounting and factoring can give quick access to cash that you are owed. It’s a great option for those who find it a struggle to be paid on time by larger businesses.
- A working capital loan can provide your business with fast, simple access to finance.
- Short-term financing could see a quick injection of cash into your business for a couple of months up to a few years.
The options are out there but it can seem like a minefield to work out exactly what is right for you and your business. Let alone the time taken away from what you actually want to do: growing your business.
But it doesn’t have to be a drawn out, onerous process. In fact, it can be arranged in a matter of a week or two (type dependent of course). It’s all about knowing what finance to focus on and who to approach. That’s where a broker can really drive value for your business.