Ping Finance – Commercial Finance Consultants for Contractors
Ping Finance is a savvy commercial finance consultant which takes a modern approach to source finance for contractors, businesses and property investors alike.
We can help with invoice finance, buy-to-let mortgages and unsecured business loans. For contractors, the most common financial solution is invoice finance which instantly advances the cash that’s tied up in your outstanding invoices – getting you paid now, rather than in 30, 60 or 90 days.
We can save you time and money by searching for the best deal on your behalf. We do not charge you a fee for our services and there’s no obligation to accept any offers we obtain for you – so why not see what’s available?
To find out more information about Ping Finance, you can visit our website here.
What is invoice finance?
Invoice Finance is used to advance funds which are tied up in owed invoices. Rather than having to wait days to receive payment, you’ll typically receive this in as quick as 24 hours, depending on the lender.
Invoice Financing is split into two categories, so there’s Invoice Factoring and Invoice Discounting. Invoice factoring will allow you to receive funds fast, but the main difference is that the company will chase the invoices for you.
The difference with invoice discounting is that you will be responsible for chasing up the invoices with the customer. Invoice financing is appropriate for businesses who need to ensure regular cash flow. If you’re unsure as to if this is right for you, get in touch and we’ll take a look at your situation in more detail.
Searching for a lender
We know that businesses come in all shapes and sizes which is why it’s important to work with a specialist. Our comprehensive panel of lenders can help in many situations. At Ping Finance, you’ll have one point of contact, your dedicated account manager, who will be part of the journey from start to finish. Furthermore, we can save you time and effort by managing the whole process for you, from completing the application to negotiating with lenders.
Through our experiences with Gorilla Accounting, we know what you should look out for when searching for a lender. Our services cost you nothing and you’re under no obligation to accept any offers we obtain for you - so why not see if there’s a better solution out there?
Ping Finance helps Contractors like you to source finance, whether that be property finance, invoice finance, or unsecured business loans.
Ran by experienced lenders and entrepreneurs, the firm is regulated by the FCA and holds itself to the highest standards, so you can be confident you’re in safe hands. Boasting a comprehensive panel including banks, specialist lenders, asset-based lenders, P2P lenders, and equity providers to name a few – we are confident that they can find the right solution for you.
If you’d like more information on how we can help you, please email Matt Robinson on Matt.Robinson@pingfinance.com or call 0330 058 2330. Don’t forget to quote ‘Gorilla Accounting’.