A term facility, invoice discounting facility, revolving line of credit, purchase order financing, invoice sale, private high-interest loan, operating lease?
We don’t always know what is most suitable at a particular moment in time. Or for that matter, which lenders are more appropriate for what type of financing. And since lenders change their lending criteria by region regularly, and there are range of private lending sources emerging, it can be quite confusing.
We at Bilbus take the view that a business needs options and that different lenders will suggest different alternatives. Wider financial choice, direct to the Bilbus dashboard.
A business with healthy invoices to large customers is able to tap the centuries old invoice finance market, benefiting from the personal touch of an invoice financier or factor.
Businesses with a good sales pipeline can use their invoice and collections information to strengthen their credit appeal for a more traditional financing facility, whether from a bank, commercial or private lender.
Receiving a good order can pave the way to order financing and a seat on the business growth train. Businesses with variable quarters but good customers and a good sales pipeline find it easier to arrange a line of credit that can be used to manage the down periods and paid down when sales come through.
Would a simple term loan facility be simpler? Perhaps, if this suits the business needs. If borrowing for equipment, maybe a lease would be better.
In all cases, we believe that showing the lender the right story helps them make the right decisions and suggestions. Too often, a business gives insufficient or unorganized information to the lender and takes a chance that the lender will take the time to create a concise and compelling business case themselves. With a concise summary of what the business does, what it needs, why it needs it and what information it has readily available, the right lender can respond quickly.
Bilbus helps a business develop and strengthen financing relationships. As businesses grow and change, so do financing needs.
Bilbus is a working capital financing hub that enables small businesses to invoice, collect and connect with commercial lenders via a single dashboard