Use FRENNS and Get Finance for Micro SMEs

By Per Frennbro in Financing

A very common and regular problem faced by companies– big or small – is the struggle with cash inflow and outflow. Specifically for micro SMEs. Today, many companies can be seen processing their invoices on their own in order to manage their transactions and it is those companies that suffer the most in the effort to manage their working capitals. This is where invoice factoring is a good solution.

Earlier when micro SMEs could not use invoice financing due to small invoices and too small revenue. This was a turn off for the regular “old school” factoring companies. With new technology in the invoice financing world, micro SMEs can get short-term working capital in exchange for selling the invoices to the factor.

Traditionally, the main source of working capital for micro SMEs has been banks. And the mode of this transaction was either overdrafts or loans. While these options are available, it is also well-known that the banks are unwilling to lend to micro SMEs. This is because they want to de-risk lending portfolios and rebuild capital bases.

The good news is that new and innovative lending models are springing up as alternatives to banks. This is to provide new funding options to micro SMEs where there are 1-10 employees. One such option is invoice financing. However, not all invoice financing companies offer finance to micro SMEs. We, at FRENNS, offer invoice financing also to micro SMEs for as little as €/£100. This is where we stand apart from the rest. Want to receive finance for your micro SME? Use our platform and grow your business to the next level.

About the Author: Per Frennbro is the CEO of FRENNS, which offers high speed, low cost invoice financing for small businesses. As a serial entrepreneur, Per focuses on helping both small and medium sized businesses take control of their cash flow. Visit https://www.frenns.com and see how you can turn your invoices into working capital to help your business prosper.

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