Fifo Capital England is opening its new business venture, Fifo Business Finance Ltd, which will offer new financial resources to both Fifo Capital Business Partners and customers alike. The new facility is a recognition of the strong growth of the business in England, Fifo Capital’s sophisticated proprietor systems and the confidence of the business operators Staale Aasestrand and John Blackmore.
Fifo Business Finance will directly offer a new in-house facility designed to provide additional cash flow support to businesses, even those outside their Business Partners’ regions. Better yet, it’ll also serve to bolster Fifo Capital’s existing and new Business Partners, allowing them to grow more quickly, and to provide more meaningful financing to their customers.
Supporting Business Partners in England
Fifo Capital’s success rests on its strong and flexible business model, which is built on its network of franchisees (Business Partners) who run their own local businesses. Customers work with local business partners who develop direct long-term relationships in their local business community that allow them to financially empower SMEs in their area. This allows the business to work even with clients who might not otherwise qualify for financing, offering them the cash they need to grow and succeed.
In the current economic conditions, Fifo Capital’s Business Partners need additional resources to be able to provide SMEs throughout England with the cash flow solutions they need to thrive. This in-house facility will allow Business Partners to draw on funds that they can then use to provide services to their own clients. Not only will this allow them to help more small businesses, it’ll also accelerate their growth, and help them to establish themselves at a time when British businesses need them most.
Helping businesses access funding when needed
Fifo Capital’s new in-house facility will provide the resources that customers need to give their businesses the boost they need, when they need it. Under the experienced leadership of John Blackmore and Staale Aasestrand, Fifo Business Finance will provide support to small and medium sized enterprises both directly, and through its franchise partners.
Building a national network of introducers
Fifo Capital actively supports introducers of new business nationwide through our network of franchisees or our national in-house facility. Existing and new referral partners should contact us to discuss future opportunities.
Providing flexible financing options to more customers
Besides giving Business Partners more capacity to finance their clients, the new in-house facility will also be used to directly finance clients. This is particularly important, because it will allow SMEs outside Fifo Capital’s Business Partners’ regions to access financing services that wouldn’t otherwise be available to them. While foreign investment in the UK has increased significantly in the past few years, many small businesses haven’t benefited from it. Instead, SMEs that aren’t centrally located or are in more domestically oriented industries have been left to find their own way in an economy that is still relatively unprepared for next year’s exit from the European Union. To ensure that local businesses have the resources they need to establish themselves better today, and to develop the resilience they may need in the future, Fifo Capital England offers a number of critical cash flow management tools.
Invoice financing allows business to access additional capital without going into debt. Instead, they exchange outstanding invoices for most of their value up front. This eliminates the uncertainty of waiting for a client to pay their bills, and the difficulties associated with late payment. When the invoice is due, Fifo Capital will collect the payment from the business’ client themselves, at which point the remaining funds are issued.
Where invoice financing helps businesses by effectively allowing them to get an advance on their income, procurement finance makes it possible to defer outgoing payments. Instead of paying suppliers out of their limited working capital, businesses can offer their suppliers to discount the invoices with Fifo Capital. This way the suppliers can get early payment of their invoices and the customer can get an extension on their payment terms.
Procurement finance and invoice financing used together allow businesses to weather even fairly major cash flow interruptions without compromising their operations. Fifo Capital will allow business partners to better support their SME clients in their local communities, while also allowing more businesses all over the country to access these services.
If you are interested in discussing the possibility of becoming a franchisee/Business Partner, if you are a SME and want to discuss cash flow solutions or if you a trusted advisor to small businesses, please contact us:
John Blackmore (Midlands and the North) P: 07376928017 E: [email protected]
Staale Aasestrand (England South) P: 07789398129 E: [email protected]
You can also visit our website at www.fifocapital.co.uk.