Sometimes all that a business needs is a quick shot of financial capital to help get over a temporary cash flow problem, or to fund minor investment. A bank loan or overdraft may not be appropriate, so invoice finance, using factoring or discounting, is a common way to do this for businesses of all sizes, and it gives them access to money that they are already owed. There are a wide range of companies which have been set up to provide this service, including finance brokers like Touch Financial who have many years of experience.
These companies provide expert independent advice free of charge as their operation is funded by banks and other lenders operating in the financial sector. Taking advantage of Touch Financial invoice finance or similar services, for example, will allow a company to release the cash held in invoices awaiting payment, and avoid getting into difficulties with cash flow. These finance brokers work in close association with leading lenders, so the whole process can be very quick and easy, and funds even available within 24 hours.
Finance brokers providing facilities such as Touch Financial factoring act as go-betweens for companies and financial institutions, and their advice can be invaluable in looking at the available options and securing the right deal for the business. It is all about bringing different businesses together in ways that make financial sense for both sides, and oiling the wheels of industry.
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