Businesses urged to take advantage of new Finpoint partnership

Staffordshire businesses are being urged to take advantage of our Growth Hub’s new partnership with Finpoint – giving SMEs free access to business finance advice.

Whether you’re looking to grow your business, make investments or support your cash flow, the new partnership will allow businesses to use the service for free and save time with one simple online application, and let their team of finance experts handle the rest.

The service offers advice on:

• Property finance, such as a commercial mortgage, can help you to buy your premises. It’s rare for businesses to be able to buy a property outright, as this requires a large upfront investment.

 

• Asset finance helps your business to access the equipment you need, like machinery, computers, office equipment, or vehicles, with an agreed monthly repayment over a period of time, typically one to three years. 

 

• Growth Finance is ideal if your business is looking to expand or enter new markets. Whether you’re developing new products, buying new equipment, or embarking on new sales initiatives, a business loan can help you generate more revenue and profit.

 

• Invoice finance is a way of borrowing money against unpaid invoices for a fee. You can receive up to 85% of the value of an invoice immediately, which can help to ease cash flow worries. The funder will collect the money owed from your invoices, and pay you the balance, less any fees.