Small and medium-sized businesses (SMEs) are under mounting pressure to perform in an environment where finance availability (including the previously dependable high street overdraft) is in decline. With perennial issues of late payments plaguing the sector and creating cash-flow gaps, SMEs are understandably concerned about the future of their businesses.
In Fresh Business Thinking, Steven Renwick explains how alternative financiers, equiped with cutting-edge technological innovations, can help alleviate the headache which SMEs are facing. Alternative finance solutions, such as selective invoice finance (which enables businesses to choose which invoices are funded according to specific cash flows), can ensure SME’s spend less time chasing overdue debtors, and more time achieving their core objective: growing their business.
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