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Focus Point- Business in Leicester

Leicestershire, the heart of England, a thriving county with many famous boasts and businesses. The city has undergone continual rejuvenation and has now created quarters to appeal to visitors and natives alike. Cultural, sports, shopping and business covers a board area and offers the most diverse attractions.

If your business is based in Leicester and you’ve  been looking for ways to gain business funding, you’ll be pleased to hear that no longer do you have to take a trip to the local bank with your fingers crossed.

Due to the economic situation over the past few years, the government has tried to jolly the economy by encouraging banks to lend a little more freely to SMEs yet, it doesn’t seem that is was the case. Thank goodness for alternative funding, although for many companies, the idea of alternative funding is slightly worrying, they may not know exactly what it means and may feel that it’s a more dangerous or expensive option than heading to the bank. In short, it isn’t, in fact it is quite the opposite.

Businesses in Leicester can prosper from asset finance such as factoring and invoice discounting.

This is a very simple, flexible and quick way of gaining funds from your invoices. It means you are only using the money that is actually owed to you from clients.

Choosing a factoring lender will allow you to have funds in your business account within 24 hours. How long would it normally take for the bank to get that kind of funding into your account?

The Factoring lender will take total control if required and chase payment from clients. Or, if you like to take control of your own finances, you can continue.

Business funding in Leicester is available to all businesses small and large, for more information, contact our team today.

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