Printing firms seeking business finance are increasingly using invoice finance facilities, such as factoring and invoice discounting, to fund their cash flow and investment requirements without the need to extend overdrafts or take out new business loans.
Companies in the print industry, whether they are small reprographic shops or major publishing houses, face similar challenges when it comes to ensuring they have adequate funding in place to grow their business.
The highly competitive nature of the printing sector makes investing in the latest technology and service innovations paramount if your business is to attract and retain customers.
However, significant injections of cash are required to finance these developments and many firms are reluctant to fund this by taking on additional debt through business loans.
One of the most common issues in the printing sector is how best to meet the financial demands placed on the firm when it secures sizable new contracts with short turnaround times.
The up-front capital outlay on materials and labour needed to service large agreements can choke a company’s cash flow.
Invoice finance, which includes factoring, invoice discounting and asset finance, is particularly well suited to printing firms as it can release the value tied up in existing assets such as outstanding invoices, machinery, stock and property in order to drive growth.
We don’t have a fixed approach to funding and instead we assess an individual company’s trading history and make a lending decision based our confidence in your strategy and ability to drive growth.
Contact us to find out more about how Lloyds TSB Commercial Finance’s funding solutions could assist your print business.
Alternatively to find out how much you can raise by using our factoring and invoice discounting services, use our quote engine.
The provision of credit or leasing services by us is subject to your meeting our Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.