Chief executive, Edward Rimmer, said: "Almost 440,000 new businesses are now setting up in the UK every year, despite the uncertain economic conditions. However, many aspiring entrepreneurs and would-be owners and managers are struggling to get access to flexible, affordable funding to make their business aspirations become a reality."

Bibby Financial Services is reminding fledgling businesses about its Fast Track product which can give start-ups the initial cash boost they need.  

It works by providing a fast track approach to funding.

Start-up businesses benefit by receiving up to 90 per cent of the value of sales invoices as soon as they are raised, leading to an immediate cash flow injection.

In addition, new businesses effectively have access to their very own "credit control department" with a dedicated credit controller on hand to issue invoices and handle the recovery of all outstanding payments.

Firms also have the option to include bad debt protection.

Edward Rimmer added: "Many start-ups struggle in the very early stages to be taken seriously by traditional lenders. This issue has been compounded by the ongoing recession and has made it even harder for fledgling firms to gain access to the flexible, affordable funding they need to get their business off the ground.

"Fast Track is an established, proven solution, developed with the needs of the new owner and manager and the pressures they face in mind."

For further information visit www.bibbyfinancialservices.com

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