GET BETTER NOT BITTER
The Secrets Behind Bounce Funding's Success: An Interview with CEO Matt Travis
Why you should use a broker?
A good broker can help small- and medium-size businesses navigate the lending space,
says Matt Lloyd Travis, CEO of Bounce Funding
There is currently increased demand for asset finance for SMEs, with many looking to invest for growth as rising inflation and interest rates start to bite. The imminent withdrawal of government-backed liquidity will likely mean funding supply cannot meet demand. This is where alternative lenders come in.
“A good broker understands their customer as well as any lender”, which is why we set up Bounce Funding in the wake of the biggest liquidity crisis in recent history. Navigating the lending space isn’t easy for the average SME. Our job is about minding your business funding so you can focus on running your business.
Free up your cash!
An inventory buyer can release cash that’s tied up in goods and stock so they can use it to grow their business instead,
“Inventory capital is money designated for goods and stock. Traditionally, vendors had to rely on their own cash, bank loans or factoring to get more money to spend on inventory, but these options are typically short-term and not enough to fulfil the needs of the business.”
“Many SMEs make the mistake of not ordering the correct amount, because forecasting demand and supply chain timing is difficult. In the consumer goods space, up to 70% of current assets can be tied up in inventory. Not managed appropriately. this could be a significant opportunity cost to the business.”
“Drops in search rank during periods when goods are out of stock can reduce sales by up to 80% until rank is reestablished. Sales platform algorithms lose memory of the sales history over time, causing the product to become less relevant in search. Over-ordering, however, accrues storage costs.
Forever 8 can become your inventory buyer and buy all the inventory you need. We buy any sellable inventory you have to free up cash, then purchase the inventory you need from your supplier from then on. You then pay us back if and only when the product is sold. There’s no cap on the amount we buy - if you keep selling, we’ll keep buying.
The best way to serve SMEs? Become one!
As an SME ourselves, we understand what it takes to grow a business and connect customers with capital. Whether you’re looking for invoice or asset finance, a flexible line of credit or a commercial mortgage, we specialise in combining product lines to give your business the flexibility it needs to flourish. In fact, around a third of our customers take out a different product from the one they originally apply for. That’s what finding funding fit is all about.
So come and talk to us. Because business funding should be easy!
Visit www.bouncefunding.co.uk