Cash flow is essential for any business. It is vital for both survival and growth but maintaining a healthy cash flow can be problematic in today’s economic climate. Many businesses suffer cash flow difficulties at some point.
We are experts in business cash flow problems and we offer a range of services which have been designed to provide assistance to businesses to overcome their funding issues.
What options are available to small companies if their banks will not provide funding that they need?
When small companies suffer from cash flow difficulties, directors often turn to banks for funding, such as an increase in its overdraft facility or a business loan. In the vast majority of cases, the banks will require cash flow forecasts which can take time to produce; time which businesses may not have if they are under creditor pressure; need stock and supplies urgently; need to pay wages or rent etc. In addition, the banks will often require some form of security for their lending, which might be a charge over the company’s assets or a charge over the directors home. Once again this can take time to organise and in some cases it is not possible to provide the security that the banks have requested.
Do banks understand the pressures on small businesses? If your bank doesn’t, then you need the services of Cashsolv. We can offer solutions to your short term funding or long term funding requirements.
If you are not able to obtain funding from your bank and you need immediate cash, then we can offer a short term emergency loan:-
If you need business finance fast, we offer emergency loans from £20,000 to £250,000 which could be in your bank account within 24 hours to assist you through a critical period. Our business loans can be arranged on a short term basis with minimal interest and often help business to purchase critical equipment or stock that is needed quickly or to help them through a short term financial blip.
If you cannot obtain an increase in your overdraft facility and your business is under pressure from creditors:-
If your business has existing debts that are causing you a problem, we could assist by taking the creditor pressure off. A Creditor Cashplan™ can relieve the immediate pressure of cash flow problems and put in place a manageable payment plan. Our unique Creditor Cashplan™ enables you to identify the older creditors and pay them over a 10 month period. We act as an intermediary, so your creditors deal with us rather than you. This kind of debt management plan enables you to concentrate on running your business.
If you require longer term funding that your bank is not able to offer, then we can offer a source of asset funding for your business:-
We have a panel of lenders that we have chosen to work with as we believe they are willing to look beyond short-term problems and more at seeing an opportunity for the long term survival of a company. We deal principally with asset-based finance. In addition, we can offer funding for businesses in the form of invoice factoring or invoice discounting.
If your business is suffering from cashflow difficulties because your customers or clients are not paying quickly enough, then invoice factoring or discounting can help. This form of financing can provide you with an immediate advance of up to 85% of your sales invoicing value, which is repaid when the debt is collected from your customer/client.
If your company is suffering from cash flow difficulties, then we are here to help. We offer a free initial consultation so don’t delay in contacting us.
For further information Download our Guidance Paper on 'How to deal with a cash flow emergency’, or view the following relevant pages: