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There are things SME’s can do to help themselves get a better priced offer for debtor finance and other working capital facilities. Factoring and Invoice Finance can be a very useful tool to finance an operating business but there are things business owners can do to reduce the cost.
By using receivables finance to convert their unpaid sales invoices into liquid capital this business STAYED in business
A fast growing kitchen manufacturer was running out of capital and his growth was about to stall until Nova Business Finance provided working capital to growth the business using their unpaid sales invoices
Have a read of this Case Study on www.factoring.finance explaining a real life example where using the unpaid sales to expand and grow businesses
Read this interesting post on debtor finance in a small transport company and how was used to save a business and provide for future growth