For businesses that regularly take card payments, a merchant cash advance is an increasingly popular solution as an alternative finance product. If you are looking to bridge a funding gap or are struggling with cash flow, then a quick, easy and no-hassle funding solution may be just what you are looking for.
What Is A Merchant Cash Advance?
A merchant cash... Read More
For every business, having a little bit of extra cash flow or additional funds in reserve for emergencies is essential. In the past, many businesses would resort to a bank overdraft to borrow the little bit extra that they need. However, as bank overdrafts become costlier and with less availability especially for smaller businesses, people need to look elsewhere... Read More
For many businesses, there is often a gap between paying your suppliers for business items and receiving payment from your customers. Often, suppliers require prompt payment too as they need to pay their suppliers so are rarely flexible on invoice dates or credit facilities. However, when you don’t have the capital from your customers, how can you pay your... Read More
After the struggles of Brexit uncertainty, figures from the FLA show that asset finance is on the up with an 8% growth in 2018 compared to 2017. While business equipment asset finance saw an increase of 4%, there was also a 60% growth in asset finance for IT equipment this year. With plant and machinery also reporting growth, asset... Read More
If your business is looking for fast cash, then an unsecured business loan is typically quicker to acquire than a secured business loan. For fast-growing businesses, having a high-value asset for banks to take charge over may be hard to find, meaning a secured loan is not a feasible option. However, with its speed, convenience and availability thanks to... Read More
It might be one of the most common forms of small business funding, but is an alternative overdraft the right product for your business?
Included as part of a standard business bank account, an overdraft is one way of accessing extra money when needed. It can also be used as a short-term buffer should you run into any cashflow issues.
However,... Read More
Also referred to as supplier finance, supply chain finance is another form of alternative funding that business leaders are seeking out in order to grow their venture and maintain working capital. We take a look and whether this solution might work for you.
Think of supply chain finance as a type of cash advance that’s based on the credit rating of companies... Read More
You have heard of the term, but what exactly is asset finance and how do you know when it’s the right product for your business?
Referring to the use of a company’s balance sheet assets– and this can include short-term investments, inventory and accounts receivable – in order to borrow funds or get a loan, companies relying on asset finance must provide... Read More
In the wake of the 2008 global financial crisis, banks are still less likely to fund businesses with revenue of under £5 million. As a result, alternative finance solutions offer a more SME-friendly option.
When it comes to offering loans, traditional banks can treat SMEs with caution – perceiving them to be a high risk with the potential to reap... Read More
Choosing the right funding solution for you and your SME can be a daunting task, let alone finding the right lender – so allow Funding Bay to help you find the right product for your business.
We take a look at the various alternative finance options out there for small businesses and start-ups that are looking to secure a loan.
Crowdfunding... Read More