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Focus Point- Business in Nottingham

Nottingham is the main city of the East Midlands, boasting a wealth of history, culture and some of the biggest brands in the UK.

Boots began here as did Next, Speedo, Raleigh and more recently Experian. Lace was mass-produced and highly prized from the streets of the city and of course we can’t forget that man in green who robbed from the rich to give to the poor- Robin Hood.

Today Nottingham city and shire hosts a wealth of different businesses, sitting in many industries.

If you are lucky enough to work in the East Midlands or run a company in Nottinghamshire, you may at some point during 2012 need to consider or get your hands on some finances.

There are a range of funding solutions for businesses ranging from the banking account right over to alternative funding.

Asset financing is a great way to use money that is owed to you from clients. The difference being is that rather than having to wait up to 90 days for your payment, you can bring those payments forward by 24 hours.

You can choose to take the capital from all or a select few of your invoices.

This is then paid into your account within 24 hours, from a factoring lender.

It sounds too good to be true, but Factoring has become more popular with Small to Medium businesses in the UK, especially in the past financial quarter. The only problem is, not may companies know or realise the benefits of using Factoring to gain funding. They are too used to seeing their business account bank manager. Well this will have to change, due to the restriction on lending to companies. There will be other streams of funding available, it’s simply education in how successful using alternative funding can be.

Select Factoring – Factoring Nottingham

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