Invoice Factoring vs Invoice Discounting: What’s the Difference?
If your business regularly issues invoices, you’ll know the frustration of waiting 30, 60, or even 90 days to get paid. In the meantime, wages need paying, stock needs ordering, and opportunities don’t wait. Invoice finance exists to solve exactly this problem, but with two main products on the market, invoice factoring and invoice discounting, […]
The End Of Bounce Back and CBILS Loans
In the latest budget announcement, Chancellor Rishi Sunak confirmed that the Bounce Back and CBILS loan schemes will indeed finish on March 31st. These schemes are to be replaced by a new ‘recovery loan scheme’ until the end of the year. The new replacement recovery program is light in detail at this stage but is […]
British Business Bank CBILS : Power Systems International
We hear from one of our clients, Paul Berry, Managing Director, at Power Systems International, about how their CBILS loan has helped revitalise their business. How did Covid-19 impact your business, and why did this mean you needed funding? The impact of COVID has evolved throughout the pandemic and through the various lockdowns. In the first […]
An introduction to the Funding Bay FundedClub
Funding Bay has partnerships with a host of practices that can benefit our clients. As part of the FundedClub we aim to create and foster a network between partners and clients alike.
4 Ways to Make Sure Your Customers Pay on Time
Customers who don’t pay on time are a real pain in the neck. They don’t do what they’re meant to and it can put a massive bind on your business. Getting your customers to pay on time is the best way to solve this issue, but how do you do it? If you want to […]
