Business finance

If your business is experiencing financial difficulties, you may be looking to raise additional finance.

However, securing finance can be a challenge for many businesses, and this is even more the case for those which are struggling financially.

Before you consider seeking additional funding, it’s important to have a clear idea of your exact financial situation, including all debts and assets, and whether raising additional capital is the key to solving your business’s issues.

At Gibson Booth, we can help you to consider all of the options available to you. Where appropriate we can help you to identify alternative forms of finance, including invoice finance.

Invoice factoring offers the benefit of regular cash sums, which can help to ease cash flow and support a business through a difficult period. The lender offers a percentage of each unpaid debtor invoice when an invoice is issued, and will take control of the sales ledger.

Invoice discounting is similar in many respects, but allows the business to retain control of the sales ledger.

Meanwhile, single invoice financing allows businesses to take advantage of longer term contracts and large projects to raise finance, with finance lenders offering capital based on a single large invoice.

We have many years’ experience of helping businesses to access finance. Please contact us for further advice and assistance.