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Invoice Finance for Manufacturing

Manufacturing firms haven’t had it easy in recent times. With general problems such as the global and UK economy as well as rising raw material costs and technological advancements, there are many things that have impacted on the profitability of small and medium sized companies in this sector. The manufacturing industry is at the heart of the UK economy, accounting for 15% of the country’s GDP and 55% of its total exports – so it’s important that manufacturing businesses are getting all the help they need when it comes to business finance.

Invoice finance is one alternative finance option that can help. Manufacturing firms can take advantage of this accessible and flexible form of finance by releasing working capital from their sales ledger using factoring or invoice discounting. This can help to bridge the gap between invoice issuing, customer payment and the financial obligations such as payroll, tax and suppliers.

There are always pressures on margins and added obstacles from the changing technological environment, and invoice finance can help businesses to free up cash flow so they can respond quickly. As more businesses are failing to find the support they need from the banks, going to alternative finance lenders is becoming much more popular – and with good reason.

Invoice finance grows with your manufacturing business – the greater your sales, the more money you can release from your invoices. If you’re pushed for time, you can also take advantage of the credit control system offered with factoring – or, if you’re a medium sized business who wants to remain discrete, invoice discounting allows you to stay in control of your credit collection.

If your manufacturing business needs some extra help to overcome the obstacles in today’s economy, then invoice finance could help.

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