Key strategies for managing construction cash flow
Cash flow management is a critical aspect of running a successful construction business. By successfully monitoring cash inflows and...
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Supercharge cash flow
Leverage your invoices for instant cash and quickly improve your business's financial position.
Forget about Net 30
Penny makes next day payments possible. We fund your business upfront and wait for your customers to pay.
Assets stay protected
Enjoy invoice collection support from our experienced team of credit control and commercial payments specialist.
What is cash flow funding?
Managing company cash flow is arguably one of the most challenging aspects of running a business.
It’s a universal concern for business owners, and research from Xero reveals 94% of small businesses in the UK face at least one month of negative cash flow each year.
Cash flow funding is a solution that exists to help businesses manage outflows and meet financial obligations when periods of shortfalls occur.
CASH FLOW FINANCE UK
Penny's unique cash flow solution
In the UK, one of the biggest causes of cash flow problems is unpaid and late payments.
Our cash flow funding solution is designed to mitigate payment issues and provide SMEs with instant access to cash owed in outstanding invoices.
Instead of waiting weeks or months for your invoices to be settled, you can submit them to Penny and receive the full amount the very next day.
Essentially, we offer a simplified model of selective invoice finance, which eliminates the hassle and stress that tends to come with traditional facilities.
Invoices are advanced in 24 working hours with no ongoing commitment or paid subscription plan required. Just one small fee each time you need a cash flow boost.
Business entity
Limited Company or Sole Trader
HMRC registered
& based in England or Wales
B2B invoices
For delivered goods / completed work
How does the Penny platform support cash flow?
When working capital dips, business cash flow financing provides quick access to funds to cover immediate expenses.
There are so many reasons why a small business may experience a squeeze in cash from time to time. Seasonal fluctuations, market volatility, unfavourable payment terms, growing purchase orders - the list goes on. Despite cash flow issues often being associated with poor financial management, the reality is that many financial problems are caused by external factors, and even profitable, growing businesses suffer shortages from time to time. With cash flow funding, you can: - Meet expenses like rent, utilities and payroll on time - Finance important purchase costs - Take advantage of growth opportunities without delay - Maintain positive relationships with customers and suppliers - Avoid interest charges / late payment fees
01
Submit invoice
Upload an invoice for factoring through your account portal
02
Track status
Penny contacts your customer to validate invoice details
03
Withdrawal confirmed
Invoice verified with your debtor and factoring agreement approved
04
Get paid
Receive the total value* of your invoice within 24 working hours
*Total invoice value minus Penny's processing fee. Average fee on a 30-day invoice is 5.1% +VAT.
Discover business cash flow finance that gives you control
Less financial risk
Pursuing funding may seem risky for a company with cash flow problems, and often it is. Penny's cash flow funding solution is inherently lower risk.
Your money, just faster
Unlike a cash flow loan, Penny provides an advance on the cash your business has already made through delivered goods / completed work.
3hr lending decisions
Although many users integrate Penny to their long-term cash flow solution, no long-term commitments are required.
KNOWLEDGE HUB
Get help with managing small business cash flow:
FAQs
Explore frequently asked questions about cash flow, funding and improving business liquidity:
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