AccountsWiz Finance our finance brokerage service.
Most businesses at some point in their trading life will need to access some form of finance.
AccountsWiz has negotiated preferential rates with some of the biggest lenders meaning we could get you a very competitive quote.
We also look at various forms of finance such as invoice finance, business loans, payroll finance & asset finance.
Why Use A Broker For Business Finance ?
Save Time
Save Money
There is No Charge to You
Grow your business
Types Of Finance We Can Help With
Simplifying Business Finance
What is Invoice Finance?
Invoice finance, also known as invoice factoring, is a finance facility whereby a funder will release to you a percentage of your sales invoice value at the point of raising your invoice, usually up to 90%. Once your invoice is then settled, they will return to you the remaining percentage, less their fee for the advance.
The funder will manage your credit control activities and collect payment for your invoices on your behalf which means more time for you to focus on your business.
Many people turn to invoicing finance as a major source of cash flow and the removal of the need to manage their own sales ledger.
- Instant Cash Flow
- Outsourced Sales Ledger
- Credit Control Function
- Cheap Form Of Finance
What is Payroll Finance?
Payroll finance is a fully funded solution, usually aimed toward recruitment type businesses. The funder will advance 100% of the wages cost weekly or monthly whilst you wait for your client to settle your invoices, giving you instant cash flow to ensure your workers are paid on time. Once your invoices are settled, the difference in value between the sales invoice value and the wages (the margin) is transferred to you.
The funder will also normally manage your back-office processes by raising your sales invoices and managing the payroll function on your behalf meaning more time for you to focus on running your business.
The cost of payroll finance is usually calculated as a simple percentage of your total sales, deducted automatically from the margin payment made to you.
Benefits of Payroll Finance include:
- Ensure your workers are paid on time
- Payroll process is completely outsourced
- Maintain compliance with HMRC
- Back office is completed outsourced
- Your clients are invoiced from the payroll finance company
- Your staff are paid by the payroll company
- Your invoices are collected and credit controlled by the payroll finance company
- Your margin is paid to your business bank account
What is Invoice Discounting
Invoice discounting is a finance facility whereby a funder will buy your sales invoice, usually at the point of raising your invoice at a lesser percentage, for example, 95%.
The funder will effectively buy your invoice and pay you a lesser amount for it so you get full cash flow at the point of invoice. The funder will then be responsible for the debt.
- Instant Cash Flow
- No Credit Control Needed
- Cheap Form Of Finance
What are Business Loans?
Businesses require an adequate amount of capital to fund startup expenses or to pay for expansions. As such, companies take out business loans to gain the financial assistance they need. A business loan is debt that the company is obligated to repay according to the loan's terms and conditions.
