Innovative business cash flow solutions

For all kinds of firms, cash flow is a huge issue, with tens of thousands of companies in the UK going bankrupt due to such issues every year.

Often these cash flow problems are created when customers do not pay their invoices on time. A recent survey carried out by Sage Pay, shows that nearly two thirds of businesses in the UK experienced late payments of 90 days or more. Consequently, many firms just do not have enough cash in the bank to stay in businesses, sometimes even when they have full order books they end up folding.

Fast decision financial products

In the past there was little that firms could do about this situation. However, this is gradually changing. Today, companies of all kinds can quickly access finance before they run out of money, which results in them having to let skilled members of the workforce go or shut their doors completely.

Many providers of alternative finance products such as peer-to-peer lending and asset financing make decisions very quickly. There is usually no need to provide a business plan, which makes the application process quick and easy.

Flexible financial products

As the name suggests, these products have the advantage of being flexible. Firms can often pay off their loans early or borrow more to take advantage of a business opportunity.

We can help

At DJB, we provide financial products that can solve many business cash flow problems. To take advantage of our expertise all you need to do is to get in touch today.

Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.