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Funding Solutions: Experts in business finance, specialising in invoice finance, invoice factoring & invoice discounting. Call 0845 251 4040
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Callustoday:08452514040 Funding SolutionsGetaQuoteFinanceGuidesBlog Home AboutUs Contact JoinourNetwork TheAdvantagesofAssetFinanceOverTraditionalCreditFacilities RecentPosts Benefits ofInvoiceDiscountingtoBusinessesAdvantagesofInvoiceDiscounting HowAssetFinancecanGrowyour Business5Benefits ofInvoiceFactoring Improve Your CashFlowwithInvoiceFinance:How toDrawMoneyagainstYour UnpaidInvoices Categories Advice Somesmallbusinesseshavenotyetrealizedthebenefitsofthistypeoffinancing.Thesefirmsusuallyprocuresecuredloansorcommercialloanstopurchasetheequipmenttheyneed.Infact,othersusetheirownworkingcapitalwiththehopethatthenewpieceofequipmentormachineryisgoingtogenerateenoughincometorecoupthecost.Theseareusuallycostlymistakes,becausethefundscanbeputtomoreproductiveuses. News Solutions WithAssetfinance,thebusinessdoesnotneedtouseanyofitscapitaltoacquireanewequipment. Neitherdoesithavetouseinventoryorbusinessassetsascollateralforaloan.Thisisbecausethe FollowUs financedassetactsascollateralforthecreditfacility. MyTweets
ApplicationProcedure Afterdecidingtoprocureatruckoranyotherasset,movableorimmovable,thebusinessownerneeds tofindtherighttruckaswellasthemostaffordablevendor.Thenextstepisobtainingaquoteandaninvoicefromtheseller.Thiscanbeanauthorizeddealershiporprivateseller.Armedwiththeinvoice, thebusinessownercanapproachanassetfinancierforassistance.Thiscanbeabankoraprivatelender. FundingSolutionsUKRating FundingSolutionsUK scoredanaverageof4.5 /5.Basedon12customertestimonials. Usually,lenderslookatthefinancialhistoryofabusiness,it’screditratingandbalancesheetwhenprocessingapplication.Othersmayalsorequireabusinessproposalonhowthenewassetisgoingtoimprovetheperformanceofthebusiness.Iftheapplicationisapproved,thetransactionmovestothenextstage. Financiersusuallycontactthesupplieroftheassettoarrangeforpaymentanddelivery.Oncetheassethasbeendeliveredtothebusinessowner,paymentcanbeforwardedimmediately,orwithinan acceptableperiodoftime.Thebusinessownercanstartpayingfortheitemoncethegraceperiod expires(usuallyafter30days). BenefitsofAssetFinance Sincenoadditionalcollateralisneeded,smallbusinessesthathavelittleornoassetsthatcanbeused assecuritycanacquiretheequipment,vehiclesormachinerytheyneedtogrowandgeneratemorerevenue.Thisisoneofthemainreasonswhyassetfinanceispopularwithbothsmallandlargeenterprises. Anothermajorbenefitofthistypeoffinancingisthefactthatbusinessownersdonothavetoutilizebusinesscapitaltoacquireexpensivemachines,equipmentorautomobiles.Thesefundsshouldinsteadbeusedforinventory,payroll,overheadsandotheroperationalexpenses.Byacquiringcostlymachinerythroughassetfinancing,businessescangrowatafasterrate. Whilesomefinanciersrequireadownpayment,otherscanofferupto100financing.Thismeansthatbusinessownersdonotneedtospendasinglecentonassetacquisition,andthishelpsinpreservationofcapitalformoreimportantbusinessobligations. Assetfinance,unlikeoverdraftsandcommercialloans,usuallycomeswithextendedterms.Normally, theeconomiclifeofanassetisusedtocalculatetherepaymentperiod.Thiscantranslatetoseveral years;meaningthatmonthlyinstallmentswillbeaffordable. Assetfinanceapplicationsareusuallyprocessedmuchfastercomparedtotraditionalloans.Theamountsareusuallyveryhigh.Withconventionalloans,lendersusuallyhaveloanlimitsthatmaynot beenoughtofundinvestments.
FundingSolutionscanhepwithallkindsofbusinessfinance,getintouchtoday!http://www.fundingsolutions.co.ukFundingSolutionscanhepwithallkindsofbusinessfinance,getintouchtoday!http://www.fundingsolutions.co.uk MORE FROMMYSITE Welcome Can SMEsachievetheLivingWageaspiration….? WhatifIcannotrefinancemyassets? InvoiceFinanceoranOverdraft MerryChristmasfrom FundingSolutions! HowAssetFinancecanGrowyourBusiness PostedonJune4,2014byIanHepworthbyIanHepworth.ThisarticlewaspostedinNews.Bookmark thisarticle. AboutIanHepworth ArticlebyIanHepworth.IanhasbeenadirectoratFunding Solutionssince2007andhasbeenhelpingbusinessessourcesuitableformsoffinancethroughtherecenteconomiccrisis.Anexpertininvoicefinance,Ianhasbeenworkinginthebusinessfinanceindustryforover18years. Viewallposts byIanHepworth→
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