As Business owners, we've all been there, the business is growing quickly, you need more stock and you don't have the cashflow to cover it. You don't want to use all your working capital and your supplier is not giving you the payment terms your business needs. Gone are the days of 60 or 90 days payment terms
In these situations there is very few options available. You could take out a business loan, but that solves the problem just once and then you need to keep re-applying and by then the opportunity has changed. You could get a credit card or an overdraft, but then you need to work out if the credit limits are enough, what happens if your suppliers doesn't accept plastic?
Unlike a Business Loan, Bank Overdrafts or Credit Cards, Cloudfloat allows you to truly free up your cash flow and increase your working capital. Cloudfloat provides all businesses access to it's very own digital float with the technology to extend your payment credit terms on any Business expense up to 90 days. Cloudfloat offers interest free instalment repayment plans ranging from 30 to 90 days. You can tailor the instalments to best suit your business’s cash flow – putting you in control of your supply chain and cash flow.
Treat Cloudfloat like paying in cash and because Cloudfloat pays your supplier straight away resulting in your suppliers being paid early or on-time, this increases your leverage to negotiate discounts and price reductions with your suppliers
With Cloudfloat, you can take control of your cashflow. Because your business matters.