Smarter Finance: 5 Things You Didn't Know We Could Finance for Your Business.

When it comes to business, people often associate the need for finance with things like; new acquisitions, company cars, expanding your fleet and cash flow injections. Whilst all these things are viable and common reasons for requesting finance, it doesn’t need to stop there.

There are plenty of other assets and scenarios that can have a detrimental impact on your cash flow without the option of finance. The good news is – almost anything goes!

Let’s explore just 5 things you may not have thought about financing.

Office Upgrade: Soft Asset Finance

If you’re a business of just one or two people, then the importance of office styling is probably not high up on your priority list. However, as soon as you start to get into the tens and hundreds of staff and a more established business premises, these sorts of things matter. Your work environment impacts your mood, drive, mental health, and performance so working in a dreary office setting is unlikely to have the desired impact on your staff.

Soft Asset Finance is a viable route to upgrading your office and making for a nicer 9-5 with a more motivated workforce. Soft assets can typically include IT hardware, software and furniture and fittings. There are various forms of finance agreements available, and the best solution will depend on your individual business requirements and status.

Outstanding Invoices: IF

Imagine all your invoices being paid to you within 24 hours of sending them – seems near impossible, doesn’t it? We’re pleased to say it’s not! “IF” also known as Invoice Finance offers a fantastic solution to easing cash flow problems and getting paid faster for the work completed.

Invoice Finance allows you to receive a pre-agreed percentage of an invoice, often up to 90% of the invoice amount. Suddenly this means you can offer extended payment terms like 60 or 90 days without a detrimental impact on your business cash flow. There are different forms of IF to suit your requirements.

(More about Invoice Finance here!)

Sheep, Cows and Pigs: Livestock Finance

If livestock is a key part of your farming business, then you’ll understand better than most how quickly costs can add up. From dairy farming, to pigs, sheep and even fish, there’s no need to put such a large strain on your business cash flow thanks to Livestock Finance.

Whether you want to diversify or increase your numbers, Livestock Finance can help to make it happen and spread the cost of your livestock purchases over affordable monthly and even seasonal payment schedules.

Tax Bills: VAT Funding

Does the thought of your?VAT?bill?make your stomach drop? It’s not exactly a time many business owners look forward too, and the same goes for Corporation Tax and all your other bills.

A VAT loan is a perfect solution to stop unnecessary strain on your cash flow by spreading the cost of your bill over several months instead.

With the intelligent use of VAT funding, your tax bills become affordable, recurring payment schedules that strengthen your business balance sheet rather than one oversized payment having a detrimental impact every quarter. And the best part? You can take a new VAT loan every 3 months to meet the next quarters’ VAT bill if you want too. Finance your VAT bill up to 14 days after you’ve paid it, or up to 14 days after its due date.

(More about VAT Funding here!)

Insurance: Business Protection

None of us know what the future holds. Who would inherit the business responsibilities, stresses, and costs if something were to happen leaving you unable to work?

Business protection insurance allows you to focus on running your day-to-day business with the confidence that you’ve got all this covered. Protection products come in two distinct categories, Consumer Protection and Business Protection. With Business Protection, rather than insuring an individual and them paying the fee personally, the insurances go through the business and include Keyman Protection insurance which is paid directly to the business if the employee is unable to fulfil their duties.

This also generates significant savings on NI and Corporation Tax at a company level, and Income Tax on a personal level.

There are so many ways you can optimise your business finances and have a healthier, boosted cash flow without limiting your success or growth potential.

Whatever you need to finance for your business, we are confident that we can help to make it happen. Call us on 01908 92 62 62 or head straight to?www.moorgatefinance.com/apply-now