Watch Now: Bill Financing May Be The Perfect Post-Pandemic Financing Option
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Ant Persse, CEO of Optimum Finance
Earlier in May, Optimum Finance hosted a group of financial executives to discuss a financing option that most businesses lack.
Our panel included government representation in the form of the Small Business Commissioner and the British Business Bank (BBB), and included some of the people responsible for shaping the government’s CBILS and Recovery Loan Scheme designed to tackle the COVID-19 recession. .
There was a resounding agreement among everyone that one of the key tools to help businesses bounce back and get their tax deferred, loan repayments and rent under control was bill financing.
Participants were also shocked at the low number of participants. The BBB Small Business Finance Market Report found that almost half of all businesses are aware of invoice finance, but only 1% are actually using this fantastic product.
We would like to invite you to watch the full session of this discussion and see for yourself why our panel is so passionate about invoice finance which helps SMEs regain their place in the UK economy.
Our panel of corporate finance leaders and influencers includes:
- Ant Persse, CEO of Optimum Finance
- Warren Ralls, Managing Director of the British Business Bank UK Network
- Paul Wain, Director of the British Business Bank Guarantee and Wholesale Solutions
- Philip King, Small Business Commissioner
- Josh Levy, CEO of Ultimate Finance
- Martine Catton, Commercial Director of Just Cash Flow
- Evette Orams, Managing Director of Hilton-Baird Financial Solutions;
- James Hawksworth, Director of RSM Restructuring Consulting
- Steve Noble, Managing Director of Reward Finance Group
Many business owners have heard of invoice financing, but find it the option of last resort. This is by no means the case and it can, indeed, be used to grow or even buy businesses.
Having the financing secured against your existing sales ledger makes it one of the safest borrowing options, with no personal collateral requirements.
The growing aspect of invoice financing also makes it perfect for businesses that are recovering and regaining their pre-pandemic sales levels. The more you sell, the more invoices you generate, the more financing you can access. It’s that simple.
If you’re a B2B business that trades on credit, invoice financing can give you the working capital or additional financing you need without having to resort to loans or overdrafts.
Visit optimumfinance.co.uk to find out more, contact [email protected], or call us on 0117 403 7225.