Cashflow refers to the money moving in and out of your business. The aim is to have a positive cashflow (more money coming in than out) so that you can deal with any unexpected issues and invest in growth. Having poor cashflow can cause major business issues even if you’re making profit! So what is Cashflow finance and how can it help?
A cashflow forecast will help you to see how much money your business will have in the future, letting you plan for these possible unexpected changes in business and budget effectively for things like stock and employee costs.
Running a successful business can be a challenge, especially if your business is subject to seasonal highs and lows. It is important that you’re prepared for any unexpected issues that could affect your cashflow and cashflow finance could be the answer by assisting with the following:
- Helping even out peaks and troughs in the cash flow cycle
- Tackling long payment terms and money held up in unpaid invoices
- Fulfilling expansion plans such as new staff, premises or projects
- Allowing you to take unexpected opportunities for growth
Finding the right type of finance for your business can be difficult. We can help guide you in the right direction of different funding structures such as short terms unsecured loans, bridging finance or invoice finance to ensure that cashflow doesn’t become an issue for your business.
In 2020 we were named ‘Cashflow Broker of the Year’ at the NACFB Broker Awards. You can be confident that you are in good hands when it comes to finding cashflow support for your business.