Business cash flow looking tight over Xmas and New Year? (December 6, 2022)
Interface’s spot factoring service for SMEs who provide goods and services B2B could be the solution. Why wait for customers to pay when our facility provides 90% of the unpaid customer invoice(s) value now so suppliers/staff can be paid on time.
The Christmas and New Year holiday season is not too far away and many businesses are now planning their cash flow requirements for this period. This can be a challenging time for managing cash flow, with the slowdown in business activity over the holiday season and activity levels not returning to normal until March.
For many businesses it is not just sales that suffer during this period, collections will also be down with many businesses closed from 24 December until the third week of January. In the mean-time businesses still need to fund the Xmas holiday pay, second provisional tax payment due in January, GST obligations, rent and other fixed costs.
The flexible nature of Interface’s invoice discounting service could be the solution for those in need of short-term assistance and unable to obtain an extension to their current bank facilities. Please contact us if we can be of assistance.