How can I get money for my business quickly without taking a loan?

I’ve been thinking about ways to get another flow of income and have been debating about whether or not I should set up my own business. Maybe something along the lines of a mobile mechanic or something – I’m not too sure. However, the thing that put me off was the fact that I just don’t have the money right now to cash flow the first couple of months. I came across www.factoring.org.uk. They offer all these services that could help me out if I do end up starting up a business as the main high street banks don’t seem interested to give overdrafts to startups, they would rather risk there money building properties in Spain that no one wants!

Invoice Factoring

Invoice factoring is a form of cash flow funding. It can give you up to 95% of the monetary value of your invoices straight away. I think that this is extremely helpful so that you don’t have to wait for lengthy amounts of time for your customers to pay. ‘Confidential Factoring’ is another service that is offered, and means that everything can be kept hidden from your customers.

I have a potential order book from some small local garages that say they would pay on 30 days but I need cash on the work completion or I wouldn’t make it to month two of trading.

Accountancy Services

They also do all the other stuff that I wouldn’t be able to keep up with tax, book-keeping and payroll issues.  If I can concentrate on selling and getting the work completed rather than worrying about admin I may stand a chance of making things work.

If I go for it I want to do it properly, not become one of these people who gave it a go and gave up because it was to hard or to much work.  I am doing my research properly and if I can make a go of it I will.  I am sick of having to go to interviews with 300 other people, for a job I just wont be any good at.  I know cars and that’s my future.

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