Businesses need cash-flow.
It enables them to operate day to day, stock-pile, develop new ideas and expand. It is the life blood of any successful business.
The profitability and turnover could be excellent, but without cash-flow a business is doomed to fail…or is it?
Often, with the orders flowing in, stock supplied or service provided with expenditure increasing, cash-flow is stretched.
All it takes is a customer to extend their payment terms whilst a supplier is breathing down your neck for settlement of a batch of invoices, cash-flow reduces and the business grinds to a halt.
A call to the bank for assistance hasn’t helped, what do you do?
A plethora of choices are available to assist businesses with cash-flow.
One solution is an unsecured business loan. These monies can be used for any legal purpose and can include, tax payments, stocking, overdraft reduction, marketing or a much needed cash injection for working capital.
These facilities are not provided by your typical high street bank, but from more specialist single transaction lenders who offer bespoke facilities ranging from £25k to £300k, over a period of six months to five years.
They don’t affect any existing banking relationship or facility and are designed to provide a quick solution not a long term facility.
Always be mindful that finance such as this needs a working plan to exit the facility, a good business plan with forecasting is essential.
Mike Coates
Commercial Expert
Tel: 01325 359800
Email: [email protected]
Web: www.commercialexpert.co.uk
