New business owners can underestimate how challenging success can be. For owners of a manufacturing business, bridging the gap between receiving a new order to getting cash in the bank can lead to failure if not sufficiently funded.
Having the right finance support at the right time will ensure that a business can invest in new machinery which is required to fulfil orders and reduce costs. It will ensure that employees are paid to produce the goods before payments have been made and it will allow a business to buy the raw materials needed to produce the goods.
In this useful guide, produced by Sage, the sources of finance available for a manufacturing business are covered and more importantly offer a steer on how to choose the right source of funding for your business.