Cash flow problems are some of the most pertinent issues when it comes to running and business or operating a company. With the onslaught of the pandemic, this issue has been amplified throughout the past couple of years. Throughout the world, companies have been facing increasing cash flow issues as customers scramble to find their own sources of finance.
Now that pandemic-related government funding is drying up, wholesale SMEs might struggle without the extra cash. Luckily, wholesale invoice factoring is a solution for short-term cash flow issues.
Ignite specialises in wholesale invoice factoring, so we thought we’d take this opportunity to explain what it is and how it can help your business.
As the COVID-19 pandemic continues to take a heavy toll on business, and government stimulus packages and assistance are getting rolled back, many organizations will be considering other avenues for stabilizing their cash flow.
Maintaining a decent cash flow in the transport and haulage industry can be challenging, especially when considering fluctuating fuel costs and increasing operational expenses. Transport finance provides opportunities for transport companies to release working capital tied up in unpaid invoices, which can often go unpaid for 30, 60, or more days.
There are many reasons a business’s cash flow could dry up before the end of the month. When it does, it’s always good to have a backup plan. You can’t always rely on bank loans and overdrafts, but other market finance options like debt factoring can help you reboot your cash flow, get you out of a bind, or secure funds to take advantage of a timely opportunity.
You may have heard that invoice factoring is like a loan. While the practice does have some similarities to loans, invoice factoring can be a more flexible option for improving cash flow without incurring long-term financial obligations.