5 ways FlexiPay can help your business

FlexiPay is an interest-free line of credit that gives you the freedom to decide how and when you pay your business costs. There’s already thousands of businesses using it to improve how they manage their cash flow, with the variety and breadth of business costs it can be used for really standing out. Here we take a look at the top 5 ways FlexiPay can help your business. 

Pay VAT and other quarterly bills monthly

VAT, rent and other quarterly bills can create pinch points in your cash flow, which can put the squeeze on other areas of your business. FlexiPay gives you the option to breaks down these costs into 1, 3, 6, 9 or 12 equal monthly instalments, helping to spread those peaks into a more manageable, smooth cash flow that puts you in control.

Bulk buy and negotiate with suppliers

As well as giving you control, FlexiPay can also be used to save your business money. Most suppliers will offer discounts for buying in bulk or paying up front, but you need the capital to make those negotiations. With FlexiPay you can buy stock, equipment or suppliers and repay in equal monthly instalments. All payments are made in your name too, so they won’t know the difference.

Fill cash flow gaps when an incoming payment is late

One of the most widespread issues facing SMEs is dealing with late payments. Whether it’s caused by shipping issues, project delays or other problems, when an incoming payment is late it can leave a hole in your cash flow. Fortunately, FlexiPay is here to plug that gap, so you can pay your suppliers on time and keep a good reputation. 

Seize opportunities fast

In business, you never know when an opportunity will appear. With FlexiPay on hand, you have more control in how you manage your cash flow, and more freedom in your business decisions. Want to pay your bills this month to free up cash flow? Found the vehicle you need at a discount price? Want to hire an extra contractor to fulfil a project? FlexiPay can help make it happen. 

No-commitment protection for your cash flow

If the last few years have taught us anything, it’s to prepare for the unexpected. Contingency planning has become a key area for businesses of all shapes and sizes, and extra credit on hand when you need it is often vital. FlexiPay is free to set up and you only pay when you use it, so it’s a fantastic option if you’re looking for some added insurance in your cash flow. 

11/10/24: 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.