BusinessLoans.ie has a new finance partner to help eCommerce businesses grow their business. It’s hard to finance eCommerce businesses as they get through startup phase. Whatever growth hacks and tips you hear, you need finance for stock; and then to shift that stock you need online ads. There is now a solution on the market that plugs in to your analytics and can make you an automated loan offer every month from €5000 to €1,000,000 plus. The solution grows with you until you have the cash reserves to no longer need it, or you can get cheaper bank finance. Ask us about this solution today on 01 55 636 55
A Seasonal Liqueur Business Toasts an Invoice Finance Solution
This week BusinessLoans.ie helped a client in the drinks industry. They make a liqueur that’s especially popular around Christmas, requiring extra working capital to ramp up production to serve their distributors across Ireland, Europe & the USA. They ultimately needed extra funds for October, November & December. They looked at traditional invoice finance options but were put off by ongoing fees throughout the year when they were not going to be using the facility. We discussed one-off invoice financing with them. This would enable them to “cash in” invoices when they need to & without the commitment of an ongoing solution.
So how does it work? Essentially it enables you to release cash trapped in invoices & speed up your working capital cycle. You can pick and choose which invoices to fund 80% payment in 24 hours.
BENEFITS FOR YOUR BUSINESS
No personal guarantees or additional security – funding decision based on the debtor
No long-term contracts, no onerous paperwork
Multiple currencies supported
Fast decisions, fast funding & simple process
Affordable and flexible finance
Bad debt protection
CRITERIA TO ACCESS FUNDING
Your business is trading with limited companies
You have insurable debtors
Your invoices are between €15,000 and €2,000,000
Your business has been trading more than 2 years
Your turnover is more than €500,000
If one-off invoice finance is of interest we’re here to guide you through the process of getting your debtors approved & uploading invoices. You can then receive 80% now and a final settlement when your debtor pays. Talk to the business loans team today on 01 55 636 55 or web chat via the portal in the bottom right of this screen now. We’re here to help, 7 days.
