Getting the bills paid with RangewellPublished on 20th February 2017 2017-02-20T23:58:30+00:00 - Last update on 22nd November 2019 2019-11-22T10:40:54+00:00
As fun, exciting and full of intrigue it may be establishing a growing business, incurring a wide range of costs is a certainty. No matter what type of business you run, it’s scope or the sector it sits in, ensuring the success of your day-to-day operations is guaranteed to rack up a hefty bill each month. But to make matters that much more arduous, you may also be facing the added challenge of business tax. To continue on and maintain growth, successfully managing finances and having an in-depth business plan are crucial.
However, the path to success can be wrought with any number of difficulties and even the best-laid plans can go awry. As any business owner will tell you, very rarely does anything go strictly to plan, which is why having the right support in place is imperative. If you’re finding yourself unable to manage your expenses, bills and tax demands, applying for business finance can offer you that support.
Although you, no doubt, fully intend to amend these issues, acting quickly will stop them from becoming much worse. Once a payment or tax bill is expected, don’t let it wait around.
HMRC takes a very dim view of any business that fails to pay their taxes on time, often handing down hefty fines. Plus, with individuals and other organisations, you could find yourself on the wrong side of the law, incurring CCJ’s and facing the grim prospect of repossessions.
Solutions to help with cash flow
To allay the burden, applying for business finance can offer you the ability to better manage your finances. With Rangewell, we can help source the perfect finance package to suit your business’s needs. By utilising our services, your business can acquire access to quick cash precisely when you need it most. Our in-depth knowledge and industry experience can see you getting access to a number of solutions, including Refinance, Invoice Finance and Merchant Cash Advance solutions.
- Refinance: If you’re falling behind on multiple repayments, refinance is a great way of taking all of your outstanding monthly worries and condensing them into a single finance package. This usually comes in the form of a business loan and could see your business making smaller monthly repayments than what you’re currently experiencing, or even attain better terms.
- Invoice Finance: If the issue has arisen as a result of cash being tied up in unpaid invoices, due to your customers’ failing to make payments, Invoice Finance can help. This product can allow you to obtain cash sealed away in your invoices, offering up to 90% of the total invoice. Once your client has paid, or an agreed period has elapsed, you’ll be entrusted to make monthly repayments, plus interest.
- Merchant Cash Advance: For businesses looking for a means to withstand this difficult period, Merchant Cash Advance can provide a much-needed lifeline. When applying, you will need to present business reports detailing all of your latest card transaction reports. You’ll need to show reports for 2 consecutive months or possibly longer, depending on the lender. Once you’ve garnered their confidence, they may offer you a loan starting from £5,000 to £100,000. Repayment requirements are usually offered as either fixed monthly sums or as a percentage of your monthly card sales.
So if you’re concerned about incoming payment demands, or are in the midst of financial woes, you don’t need to deal with it alone – Rangewell can help!
Our values are simple – We’re on your side. Our services are clear and transparent. We support a wide range of SME businesses of every shape and size, for finding every type of finance. Follow us on Twitter and LinkedIn for business tips and tricks, and feel free to call us on 0203 637 2340 if you’d like to chat about what we can do for you.
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