Applying for a business loan can be disheartening, with more and more companies being rejected by mainstream lenders. High street banks have a very strict set of criteria, and no matter how hard they try, the majority of businesses can’t jump through the endless hoops. Unfortunately, many business owners find themselves in the position of having a loan application rejected. Read more →
All businesses suffer hard times at some point – but that doesn’t mean they’ve reached the end of the road. The costs of running a business are always increasing, and sales are unpredictable, which is often a disaster waiting to happen. Many businesses have seasonal trading issues and struggle to find cash at certain times of the year. Whatever the cause of cash flow woes, most SMEs have them.
Cash flow funding is a solution to the problem. There are various forms of finance which can help businesses better manage their cash flow and avoid the downward spiral into debt. Alternative finance providers offer direct solutions to help companies balance the books, without high interest loans. The right cash flow funding solution depends on the type of business and its finance needs. Here are the main types of funding available for cash flow purposes. Read more →
Cash flow is an issue that affects all types of businesses – but in particular small businesses and companies in the retail and hospitality sector. These types of businesses have to deal with constant change, from high staff turnover and seasonal sales to rising supplier costs. Local cafes, pub chains and boutiques can face a daily issue with cash flow, which causes problems in all areas of the business. Read more →
Cash flow can be a significant problem for many SMEs, as they try desperately to bridge the gap between outgoings and income. It takes valuable time to chase up unpaid client invoices, and you don’t want to upset suppliers or your staff by paying late. There are a few quick fixes to try for the New Year, but if cash flow is an ongoing issue then it’s a good idea to look at everything together and come up with a strategy. Read more →
