By David Robertson, Bibby Financial Services

When you are running a business, make no mistake, cash is king. Of all the challenges facing the entrepreneur, generating cash and keeping it flowing can be two of the toughest.

When a small business fails, one common diagnosis is poor cash flow. Without a flexible supply of working capital, firms' plans have to be put on hold. Without cash it is impossible to purchase raw materials and new equipment and - at the  simplest level - pay staff wages.

Businesses that are going places share a common trait - they are well funded. Although bank loans and overdrafts may
be suitable in many cases, more innovative forms of funding are coming to the fore. These free up cash flow and inject capital when it is most needed.

If your cash flow is suffering whilst you wait for your customers to pay their invoices, it may be appropriate to approach an Invoice Finance company. Bibby Consulting & Support can now offer you a flexible funding solution designed to help you grow your business via its sister company Bibby Financial Services.

Bibby Financial Services can offer an extremely competitive Invoice Finance solution which can improve your cash flow and provide you with the working capital you need quickly and easily. We can provide:

• an immediate injection of cash, up to 85% of the value of your outstanding invoices
• an ongoing source of working capital - up to 85% of the value of each invoice you raise within 24 hours - a source of funding which grows in line with your sales
• an optional credit control service which allows you to stop chasing unpaid invoices and focus on chasing new business

Businesses using an Invoice Finance facility can benefit from improved profitability as they can pay suppliers early, buy in larger quantities and also take advantage of any discounts that are available as well as saving costs on postage, stationery, telephone calls. Most importantly though it allows owners to spend their time more productively developing their business instead of chasing payment.

If you are already using an existing provider then you might find that you are pleasantly surprised by what Bibby Financial Services can offer. Call us today on 0800 91 95 92.