If you’re not adequately funded, then your business is less likely to succeed. With many different funding options available it can seem complicated, particularly if you’re in the early stages of developing your business.
With traditional sources of finance such as a loan or overdraft becoming less accessible, you should think about how you can establish a solid financial base for your business and have a clear understanding of how much money you’ll need as you grow and develop. The next stage is looking at where you can find financing.
In the past, many businesses tapped into personal savings. With alternative forms of funding becoming more mainstream, businesses in Ireland are now choosing to use Invoice Finance, Invoice Discounting and Factoring to reduce cashflow gaps and fund their growth.