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Yes. Options like a Revolving Credit Facility offer flexibility, allowing your business to draw down funds as needed up to an agreed limit and repay them, making the funds available again. This can be more cost-effective than a standard loan if your cash flow needs fluctuate.
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Asset finance allows you to acquire business assets by spreading the cost over time. It's not just for large machinery; it can cover vehicles ('Vehicle Finance'), IT equipment, software ('soft assets'), and more. You pay regular instalments, and the finance is secured against the asset.
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Invoice finance gives you immediate cash (a percentage) against your outstanding customer invoices, improving cash flow. There are different types; 'invoice discounting' can be confidential, allowing you to maintain control of your sales ledger and customer relationships, while 'factoring' often includes credit control services.
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Asset refinance allows you to borrow against assets your business already owns outright (like machinery or vehicles). This injects a lump sum of cash back into your business, which can be used for various purposes like managing cash flow, funding growth, or consolidating debt, while you continue to use the asset.
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With Hire Purchase, you make payments with the intention of owning the vehicle at the end of the agreement. With a Finance Lease, you pay to use the vehicle for a set period; you typically won't own it at the end, but you may have options like extending the lease or selling it on behalf of the finance company.
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Green Finance provides funding for projects and assets that have a positive environmental impact. Yes, small businesses can often access it for investments like energy-efficient equipment, renewable energy installations (e.g., solar panels), or switching to electric vehicles. Lenders may offer specific 'Green Loans' or green asset finance options.
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