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Why choose us for health and care?
We have the experience and knowledge to find you the best deal with the most appropriate funder for your business.
You will have the choice to manage your own ledger or let your funder manage it for you.
The cash tied up in your debtor ledger will be unlocked to help you finance growth or day-to-day costs.
Borrowing is secured against your ledger which will usually protect you from having to provide a personal guarantee.
The Health and Care Sector
Are you running a business in the Health and Care sector with a significant amount of money tied up in your debtor ledger through unpaid local authority invoices? Is the problem becoming greater and holding you back the faster your business grows?
What is invoice finance for the health and care sector?
Factoring can be beneficial for businesses in the health and care sector if you are frequently waiting a long time for payment of social services invoices. It can lessen the pressure on your cash flow and alleviate problems by releasing cash tied up in your ledger so you can finance staff wages, high tech equipment, medical supplies and most importantly, the care of your patients.
To obtain cash quickly and confidentially whilst also upholding control of your own debtor ledger, invoice discounting may be a better financing solution for your business. This can be particularly useful for businesses who are keen to maintain customer service levels and their client relationships.
We know this sector is complex and each business has very different needs; where a dentist may need to finance top of the range technical equipment, vets need to buy expensive drugs while care homes depend on high levels of cash to care for their patients and fund any shortfalls while they wait for monthly payments.; domiciliary care businesses face similar issues.
As a result, we work closely with you to understand your business model and your needs to make the financing process as painless as possible and place you with a factoring company which understands you. A secure credit facility will allow you to fulfil contracts, perform your caring duties and invest in the tech and equipment required to provide the best service possible.
How can invoice finance benefit my business in the Health and Care sector?
- Cash tied up in your ledger is released within 24 hours so you can meet operating costs. You will also be able to continue providing high quality care for your patients so those relying on your services will not lose out.
- You can outsource the management of your ledger to your financing company giving you the opportunity to focus on your patients and grow your business. However if you would like to maintain control of your ledger, then invoice discounting will be a better option for you.
- Your factoring company’s security will come from the value of your ledger, lessening the chance of a charge being put over your home. This differs from traditional bank borrowing where you are often required to provide a personal guarantee for up to 100% of the overdraft supported by a mortgage over your home.
- Your invoice finance facility will grow with your business so there is no need to regularly renegotiate and you can invest easier.
- Many factoring companies offer bad debt protection by way of credit insurance which you can add onto your facility providing you with peace of mind. There is the option for confidentiality with your factoring facility if this is important to you.
Why choose us?
Our years of experience have taught us that not all businesses are straightforward but regardless we understand that a stable credit facility and cash when you need it is important to all businesses.
We will work with you to understand your business and its needs to put you in contact with a financing company that will not only be the right fit for you but can offer you the best deal on the market.
To discuss your credit needs confidentially, contact us now to chat to one of our experienced and knowledgeable advisers.
Some of the partners we work with...
From a funders perspective, I find that the team at WF Financial Solutions, really take the time to understand the customers’ needs and wants and with their vast experience are able to match them with the correct funders. This really helps the funders to build a fast and trustworthy relationship to ensure any facilities are provided in a timely manner.
- Wayne Spratt, Business Development Manager, Bibby Factors Yorkshire
Why choose us?
WF Financial Solutions is an independent broker of invoice, asset and trade financing solutions with links to lenders of all sizes and specialties. WF Financial Solutions has helped many clients through a range of lenders and their varying services and we are proud to offer advisory and introductory services to finance providers that suit your needs.
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We specialise in sourcing the best factoring facilities for start-up’s, SME’s and big businesses.
One man band to large corporation, we work hard to ensure you get the deal that works for you.
Trading internationally, buying an asset or looking to refinance, we’ll help you get the best deal.
Sector Specific Funding
Different sectors have different needs and we pride ourselves on working hard to understand your situation.
We work closely with banks to secure the right banking facility or commercial mortgage for your business.