Invoice Finance ? Say No to Bank Loans | Student Loans Without ...

Any business that?s been through a bank loan application knows the feeling of defeat from having to go through the entire process and then be turned down after all the effort that they put in. Small businesses and start ups are often turned down by banks simply because they can?t prove themselves to be reliable enough to invest in. Add that to the tumultuous nature of the commercial lending industry after the recession, and you?re probably better off not borrowing from banks in the first place. Instead of being denied for bank loans, it?s time for you to tell the banks that you don?t want their money.

Invoice finance allows your company to get instant access to cash flow. All that you have to do is sell or assign your unpaid invoices to a finance company and let them take care of getting your money. They?ll give you 80% of the money up front and then the rest once all the invoices are paid. Some companies give more or less up front, depending on their terms and conditions. Either way, you?re getting more than half of the money that you are waiting on right away, which is helpful to your business for many different uses.

Invoice finance allows you to show the banks that you don?t need them to get your business going. You can build a very successful business on your own utilising invoice finance services, no matter how much you have coming in every month. You will be able to take the cash that you are given and continue to grow your business, no matter what you might be trying to accomplish. While you?re working on your business success, the finance company will be taking care of your invoices, which also lowers your expenses and costs throughout the company.

Banks are a great source of lending for big business, corporations, and established companies. People who can afford the time for approval and the effort to prove themselves worthy of a loan are more than welcome to go for it. However, for businesses that are just starting out or trying to grow, banks are not the ideal solution. When there is an option like invoice finance available, more companies should be utilising it to succeed instead of constantly trying to apply for loans that they can?t afford to wait on, can?t get approved for, and can?t afford to repay right now.

Source: http://studentloans-withoutcosigner.com/invoice-finance-say-no-to-bank-loans/

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