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Real Estate News Releases
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(EMAILWIRE.COM, October 25, 2011 ) Liverpool, UK -- The UKÂ’s Treasury Committee recently announced that new regulations are making it more difficult than ever for banks and other financial institutions, and has issued a stark warning about the possible repercussions of this development. There is a genuine fear that it will hinder any future growth in the economy both at home and abroad.
A spokesperson for Bibby Financial Services said: "The effects on the business sector could be serious, but there is at least a viable alternative for companies of all shapes and sizes." Bibby Financial Services have have been helping organisations to raise some desperately-needed working capital through factoring, an innovative yet simple process that contains far less of a risk than traditional borrowing.
It may even be that the restrictions on banks could help those companies that are currently struggling. In many cases, the last thing they need is to commit to any long-term agreements that will only increase their liabilities. A far better option is to contact Bibby Financial Services and see how much cash can be raised through them. In these particularly difficult times for the commercial sector, it really does pay to keep an open mind.
A factoring solution involves the relatively low-risk expedient of turning unpaid invoices into ready cash. ItÂ’s often the case that during a recession customers and clients are rather slow to settle accounts, and this can have an extremely serious outcome for the issuer. Thanks to Bibby, firms no longer have to wait around for up to 60 days to receive payment.
One of the many benefits for this system is that business leaders can turn their attentions to running the company in the most efficient way possible, instead of having to spend time and money chasing unpaid invoices. And the cash that is raised can be used to pay bills, outstanding salaries and anything else thatÂ’s needed.
About Bibby Financial Services:
Bibby Financial Services, the UK’s largest independent invoice finance provider is currently providing cash flow funding for nearly 4,500 businesses, handles annual client turnover of more than £3.4 billion and advances in the region of £300 million every year to help small and medium-sized firms grow and realise their potential.
Mediaconnect.co.uk
Helen Ritchie
(138) - 252 - 5220
pr@mediaconnect.co.uk
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