How FlexiPay can help you take control of your cash flow

We know managing cash flow is an ongoing challenge for small business owners. Keeping your cash flow healthy is tricky when faced with unexpected bills or late payments.

That’s why we launched FlexiPay from Funding Circle. 

FlexiPay is a flexible line of credit that allows you to take control of your cash flow, by giving you the freedom to decide when and how to make business payments.

Thousands of businesses are already using FlexiPay to keep their cash flow healthy. Here we look at how FlexiPay could help your small business’ cash flow, too.

What is FlexiPay from Funding Circle?

FlexiPay allows you to pay, your way. You can use FlexiPay to pay for almost any business cost, such as VAT bills, purchasing stock, or paying invoices.

Simply pay upfront by card or transfer cash directly to pay bills or suppliers, just like making a bank transfer. Then choose how you repay – whether over 1, 3, 6, 9 or 12 months.

Whatever you choose, you’re charged just one flat fee per transaction. No interest, no hidden costs, no surprises.

How can FlexiPay help you take control of your cash flow? 

1. Spread your payments – VAT, rent and other quarterly bills can create pinch points in your cash flow. To smooth out these peaks you can use FlexiPay to pay upfront and then spread the costs over a period that works for you.

2. Bridge cash flow gaps – Whether it’s shipping issues or project delays, late incoming payments are inevitable. When there are gaps in your cash flow, you can use FlexiPay to pay upfront, so you can pay on time, every time.

3. Reduce your upfront costs – By using FlexiPay to pay upfront, or buy in bulk, you can even take advantage of discounts from suppliers, saving you money and keeping cash flow healthy, month on month.

4. Manage payments on the go – FlexiPay comes with a VISA card, so you can use it online, in store, and for recurring payments. It also comes with an app to help you stay on top of finances wherever you are. You can track all your previous transactions and see any upcoming payments.

What can I use FlexiPay for? 

FlexiPay can be used for almost any business purpose, including:

• VAT, tax, energy or other business bills
• Purchasing stock in bulk or new equipment
• Paying suppliers, payroll, or unexpected invoices
• Professional services, such as marketing or accountancy fees
• Business trip costs, like tickets and hotels

If your small business could benefit from extra cash flow without the long-term commitment of a loan, then FlexiPay could be right for you. Check your eligibility online in minutes.

20/08/24: While we want to help as much as we can, the information found here is provided solely for informational purposes and should not be considered financial or legal advice. To the extent permitted by law, Funding Circle does not accept any liability for any loss or damage which may arise directly or indirectly from the use of, or reliance on, the information contained here. If you have any questions, please speak to your professional adviser or seek independent legal advice.