One of the most popular financial solutions for many businesses, Work in Progress (WIP) funding provides an injection of cash into your organisation based on the existing work currently being carried out and which invoices have already been raised for (but are yet to be settled).
A possibility for all types of organisations, WIP funding’s benefits include:
- Instantly free up cash flow
- Remove the need to draw on working capital
- Stop the reliance on overdrafts or credit
- Can have money with you in 48 hours via fast-track methods
- Repayable over a max of 5 years