How can invoice finance help farmers? Permjit Singh Treasury Consultant finds out
Bringing supply chains on-shore - for example by Nutella relocating from Turkey - might upset the environment and local ecology, reports the FT. Changes to the supply chain will certainly consume capex and working capital, says Cash for Invoices Limited - the single invoice buyer.
Farmers in Italy and Turkey affected by the supply chain shift of Nutella could each benefit from using invoice finance to finance the increase in demand for cash, says Cash for Invoices Limited.
Farmers will need cash to build the local infrastructure to supply Nutella. Other will need cash to offset reduced crop production and sales if growing hazelnuts locally reduces yields of other crops or necessitates additional expense. Farmers in Turkey will need cash to offset the loss of revenue from no longer supplying hazelnuts to Nutella.
Invoice finance is a readily-available source of cash for working capital but it is only available to businesses that trade on credit, meaning they issue invoices to their customers for future payment of goods and services sold. It can also be used for capex though less readily.
Cash for Invoices Limited of Chiswick London is an invoice finance company that specialises in buying single invoices. An SME can sell one or more of its trade invoices to Cash for Invoices Limited for cash. Unlike other providers, Cash for Invoices Limited only charges ONE fee, and gives the SME these other benefits:
NO commitment on the SME to sell further invoices NO charge over assets NO debt NO arrangement exit, maintenance or other fees other than a simple single charge for the cash paid in advance of the invoice payment date and NO financing facility
Cash for Invoices Limited of London offers a simple, transparent and flexible invoice finance service that helps the SME or sole trader get the essential cash they need.
To find out more contact Cash for Invoices Limited here.