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  • Charles Doherty

Manage Price Increases the Smart Way with Business Financing

Updated: 1 day ago

It is hardly a secret that inflation has ramped up in the UK over the last few years due to a mixture of global supply chain issues, Brexit, and the fallout from the pandemic (the Consumer Prices Index increased by 4.9% in the last twelve months, this is the highest recorded 12-month inflation rate in the National Statistic series. Not only this bad news for the government but also Businesses. Most businesses have no choice but to pass the increase on to their customers, who are also likely struggling with the increased prices.


Magnifying glass and bag of money to illustrate finance

The increase in prices tends to come with guilt and worry, a choice between losing customers because of price increases or keeping them as they are to satisfy your customers, which in the long haul, will lose money and could be detrimental to your business.


There is a solution to your worry over price increases; Your Business can opt-in for financing options to help with the price increases and help your business stay afloat & thrive in these difficult times by helping you to invest in your business and gain more customers, allowing more financial profit in the future.


We offer our clients this alternative by letting them know they can use different lending products to cover any extra costs - our clients can access the goods or services they need without dialling down their operations, it relieves businesses of financial stress, letting them concentrate on growing their business.


So what is business financing & why should it be considered when inflation is at its highest?


UK businesses have worked extremely hard to build their business & unfortunately, a setback such as price increases could financially mean the closure of some UK companies, but with business financing, they can sort out all their business obligations whilst setting up a manageable repayment plan.


Financing does not have to be considered just in a period of inflation. It is also for financing business machinery or equipment, helping start up a business and anything in between.



So long as businesses know their options, commercial finance is an amazing opportunity for growth. A lot of businesses are not aware of the variety of finance options that are available to them. This is where Origin Finance can help.


Before taking on any business finance, it is vital to note what you are doing with the finance: Do you want to improve the equipment? Pay your outgoings? Or will the finance consist of labour or a company vehicle? Whatever your plan is, it is important that you are choosing the right provider and finance package for your business.


Here At Origin Finance, we offer a range of business finance products, including standard business loans, refinancing, and invoice finance. Depending on your financing needs will determine how beneficial each one is for you.


Think of it like this: you want to buy new machinery for your business, prices for the new equipment have increased due to inflation, meaning you are no longer able to fund it, you could think about taking out a finance agreement for that equipment.



The equipment can act as financial security for the lender, not adding any financial stress to your business.


Another example: you are trying to start a business, but you do not have the start-up fees or capital - you could take out a business loan which would cover start-up costs to get your business up and running.


During a financial crisis, the last thing you want is to be owed money by customers: Your business could look into our invoice financing as an option. It allows your business to convert all the unpaid invoices into working capital.


The invoices will act as collateral then once the payments are received, it is then given to the lender. It is perfect if you need the money straight away and cannot wait weeks or months to get paid by your customers.


Origin Finance care about ensuring our customers understand the ins and outs of each product: this is why we have so many products on offer, to ensure we have at least one of our products that will cater to your every need.


Our team of experts are on-hand to help you choose the right provider and product for what you want. We know that not every business is the same and all have different needs: understanding your needs is one of our many strengths.


Origin Finance will cater to you & your business, however unique & niche it might be.


Consider taking 2-minutes browsing our products page (here) and decide what is right for your business.


Alternatively, get in touch with our team to help you decide on:

01604 926 226

info@originfinance.co.uk

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