web statswebsite tracking software Sales Finance Can Give You Operating Cash

Over 17 Years in Business

Recent Transactions

£100,000

To Small Van Courier providing deliveries in Ireland.

£250,000

To Small fashion importer and exporter

In order to be competitive in any business environment, an organisation requires several things. The first is a solid business idea that can be used to create demand and then drive sales. It can take month for a business professional to turn his idea into a functional organisation, but if the idea is strong, then the business will survive. The other constant consideration for a new business owner is revenue. Without revenue to fund the company's activities, then even the best business idea will fail over time. If a business owner thinks that his concerns are over once he starts generating sales, then he is mistaken.

The other difficult part of owning a business is collecting on the sales that your company generates. Many business professionals forget about ongoing sources of business finance during the planning phase because they take the availability of sales revenue for granted. Just because there is a ledger filled with sales does not mean that the company has the funding it needs to move forward. A strong relationship with a sales finance organisation will provide you with the operating cash you need to meet your obligations. But it is important to become familiar with how a sales finance company works and what will be expected of your company during the course of the relationship.

1st Commercial Credit Is A Factor With A Solution

Sales finance services are delivered by an experienced factor such as 1st Commercial Credit. Your sales ledger may look good on paper, but it can seem shallow if it is not translating into funds in your bank account. The disconnect between your ledger and your bank account is not your company's fault, but it is something that you need to address quickly and with a quality organization. A factor is a company that deals in your receivables to help you have the ongoing operational funding you need to run your business. Without the sales finance services of an experienced factor, your business will find it very difficult to grow.

Your receivables represent assets to your company that may not be evident at first. Any business owner understands that his accounts receivable ledger holds all of his company's current and future cash flow, but that is not the only thing that your ledger shows. Your receivables can be used as collateral against cash advances which become extremely critical in the daily operation of your business. The 1st Commercial Credit financial experts have years of experience in turning your outstanding receivables into a ready cash flow, and that is the benefit of working with a good factor.

1st Commercial Credit Has An International Presence

Whether it is shipping products off to the US or bringing raw materials in from all over the world, UK businesses are constantly busy with international commerce. Sales finance can only be effective if you have a factor that understands the challenges of international business. 1st Commercial Credit works with an extensive international network of worldwide financial organizations that are ready to provide funding in a variety of currencies. Without this kind of network, you would have a difficult time funding your overseas transactions. This is just one of the many benefits of working with a company like 1st Commercial Credit.

1st Commercial Credit has extensive experience working with a variety of industries. A factor must understand your business in order to be able to set up a sales finance program that will benefit your operations. Transport organisations have much different needs than technology companies. As a worldwide leader in receivables funding for smaller organisations, 1st Commercial Credit understands those differences and can create customized programs that will utilize your receivables in ways that will further your company's goals. We are not just interested in getting you the financing you need right now. We believe in an ongoing relationship that will provide you with the funding you need for many years to come.

Sales Finance Is Your Long-Term Answer

Your company works hard to generate its sales ledger and cultivate long-term relationships with clients. Now try to imagine where your company would be if you had to scale back operations because you could not fund the growing needs of your clients. Instead of taking on new business, you would have to turn business away because you had no way of covering your costs. Sales finance is a process that solves that problem by clearing your sales ledger and turning those outstanding receivables into cash. Instead of wondering how you will cover the growing expenses of your organisation, your chief concern becomes how to take on more personnel to handle your company's growth.

A big issues for many business owners is payroll. You have to make sure that your people are paid if you expect them to provide the very high level of service that your customers have come to rely on. But meeting payroll can be difficult when your clients are not paying their debts and your sales ledger is filling up with past due notes. You cannot allow that trend to continue if you want to expand your operations. Sales finance will free up your company's funding and allow you to meet your payroll and also make sure that you keep any outsourced labour companies happy as well. Your operations run smoothly and your company grows.

In The End, It Is All About A Smooth Customer Relationship

Payroll funding is just one way that a good factor like 1st Commercial Credit can help your organization to grow. We have been doing invoice discounting for a long time and we understand that the important thing is to maintain a strong relationship with your clients. You do not want to allow financial issues to cause your client relationships to sour and cost you business. With a good factor on your side, you can turn those outstanding receivables into critical cash and look at your customers in a very positive light. It is an important step towards maximizing the financial relationships you have with all of your clients.

Corporate success is built on the shoulders of your clients. That is why it is critically important to have strong relationships with all of your customers. A sales ledger filled with past due receivables will put a strain on that relationship and cause problems down the road. When you work with a good factor, you can avoid that strain and put the sales ledger to the side. Since the cash from your receivables will be flowing in on a regular basis, you can get down to the task of growing your business through strong customer relationships. The best part is that you will be able to do this without the burden and expense of bank lending. This is all about your sales ledger and the cash that your company worked hard to generate.

Use Sales Finance To Meet All Of Your Corporate Goals

Sales finance is something that should become a permanent part of your company's financial process. When you have a good factor working on your receivables, then you will never have to worry about the due dates for your debts. Your clients will become the assets you need them to be and you will be able to meet your corporate goals on a regular basis. As you plan the future of your business, be sure to include a relationship with a strong factor that utilizes sales finance to clear your sales ledger and keep your outstanding receivables under control. It is the only way to keep your company on track for success.