In the latest Business Finance Bulletin episode Business Loan Services’ Rob Warlow tackles the age-old problem of late payment. Rob looks at recent research from the Association of Chartered Certified Accountants (ACCA) which reveals the extent of the problem and possible solutions.
Many businesses don’t realise that to help offset the costs of the impact of late payment they are allow to charge interest and Rob shares news from Lovetts, the debt recovery firm, on how awareness of this right is on the increase.
Unlike bank lending asset finance continues its growth as more businesses turn to this alternative source of finance. The latest statistics from the Asset Based Finance Association show just how popular it has become.
In the Business Finance Tip of the Week Rob looks at the benefits of planning ahead and getting ‘finance-ready’ well before you need to approach a lender.