Top 5 Benefits of Invoice Finance for Small Business Owners

TOP 5 BENEFITS OF INVOICE FINANCE FOR SMALL BUSINESS OWNERS

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BANDENIA CHALLENGER BANK WE PROVIDE TRADE FINANCE SOLUTION

BENEFITS OF INVOICE FINANCE FOR SMALL BUSINESS OWNERS Invoice financing is an asset-based lending product, which allows companies to finance their slow-paying accounts receivables, keeping the outstanding bills and invoices as collateral. Any business could be eligible for the facility if they sell on credit to other businesses.

BENEFICIAL FEATURES OF INVOICE FINANCING

1. SOLVES ALL YOUR CASH FLOW PROBLEMS Inconsistent cash flow and late payments severely hinder business growth. Every business needs regular cash flow to pay their workers, as well as for capital expenditure, projects for the invoices issued to the clients, etc. To get a grip in this situation, firms are looking towards alternative funding solutions like invoice finance, to keep their business moving.

2. A FLEXIBLE SOLUTION When compared with all other form of financing, invoice finance is by far the most flexible one. It allows businesses to unlock the funds tied up in unpaid invoices, providing immediate flow of cash to the borrower. Such accounts receivables financing instantly liquidates your invoices into cash. In fact, the finance is on your sales figures, without taking into consideration any previous balance sheets.

This provides a great opportunity to firms that are doing well, as the funding increases in such cases. Manufacturers, wholesalers or supply services collateralize their business’s outstanding invoices or bills and get a fast advance of up to 80% of their invoice’s value.

3. SAVES A LOT OF MONEY & TIME Compared to traditional bank loans, invoice finance includes a full sales-ledger management service which allows the users to make significant savings by removing the burden of chasing payment, along with savings in terms of stationery, telephone calls, etc. Businesses can utilize the time saved on chasing payments for tasks related to their operations. Along with reducing late payments, businesses further save by taking advantage of early-payment discounts.

4. TRANSPARENT MONEY LENDING & EASY REPAYMENT FinTech lenders do not adopt stringent eligibility criteria for the client. Their Supply Chain Finance is structured to offer funds up to 80% of the value of your invoices or bills. In addition, they allow you to opt for a flexible repayment plan between 30-180 days, depending on the nature of your business and vendor payment cycles. However, the most important benefits are that instead of making easy monthly installments, you can repay the money in one-time bullet repayment mode to avoid paying any further interest.

5. INVOICE FINANCIERS BECOME A CONSTANT COMPANION Some invoice financiers work with the client to manage the sales ledger, chase invoices and collect payments. The invoice financiers are well aware of the importance of good client relationships. In fact, the financier works closely with the client to fully understand their situation, business and customers.

About us Creating Value with it's fast and efficient Solutions

At Bandenia Challenger Bank, we are committed to delivering trade and financing solutions in the best interest of our customers.

Carrying out smooth and efficient transactions with diligence and efficacy has been our driving force since day one. With a structured support system, we have been able to successfully help our clients in growing their cash flow and capital.

We strongly adhere to our mission of providing custom financial solutions to complete their transactions effectively.

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