Many successful businesses experience temporary drops in revenue due to unexpected problems. Provided your company is still viable, finance could be the ideal option for freeing up capital to pay creditors and save your business.
HJS Recovery offer a wide variety of finance options and our aim is to work with you to find the best solution for you and your business.
Our finance solutions include:
When your business issues an invoice to one of its customers, it may not receive cash for several weeks or months. Since many businesses offer trade credit for as long as 60 days, there can be a significant period with little or no cash flow.
Invoice factoring is a service in which your business receives cash shortly after sending its invoices to clients. You will receive a percentage (usually 80% or more, depending on several factors) of the invoice’s total value almost immediately.
Invoice factoring manages the collections process on your behalf, increasing the amount of time you have to focus on your business and making the entire invoice and collections process far simpler.
Depending on your business’s cash flow, you can use invoice factoring as a simple way to improve short-term cash flow, or as a consistent way to improve cash flow over the mid or long term.
Invoice discounting is a form of short-term borrowing often used to improve a company’s working capital and cash flow position. Invoice discounting allows your business to draw money against its sales invoices before your customers have actually paid.
Asset financing consists of using your balance sheet assets to obtain a loan or borrow money.
This differs from traditional financing methods, such as issuing debt or equity securities, as the company simply pledges some of its assets as security in exchange for a quick cash loan.
Emergency Cash Flow Loans
Cash flow loans use your company’s expected cash flow, rather than assets, as a form of security.
If your company has generated profits in the past and has the potential to generate a steady amount of cash flow again in the future, using an emergency cash flow loan to solve a short-term cash flow issue can be a great solution.
Emergency Business Loans
If your company is struggling to pay its creditors due to poor cash flow, using an emergency loan to raise cash and manage its short-term liabilities is an effective way to start moving towards a recovery.
Our emergency business loan services review the entire lending market to ensure your business has access to a wide range of lenders and can access loans that allow it to continue trading despite its cash flow issues.
Debtor collection services
Our debt recovery services are tailored to meet your individual requirements. Enhancing your own credit control department by working as a team with you in order to maximise your cash flow & reduce your debtors.
We also have a team of in-house finance experts that can help with:
- Re-negotiating your existing finance terms
- Preparing cash flow and budget forecasts
- Negotiating leases
- Lease financing
For more information or discuss your options with a finance expert call us on 0800 0141 130. Call now and see how we can help you and your business.