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New Product Launched to Ease Cash Flow Worries
29/03/10  According to Bridging Finance Limited cash flow is still a primary cause of concern for many SMEs. Despite the apparent improvements that have taken place over recent months, a lot of businesses are still finding their resources stretched as they experience continued difficulties in securing the backing of traditional lenders. The UK Insolvency Helpline says that more than half of all business failures are caused by cash flow problems. Bridging Finance Limited’s Managing Director, Chris Baguley explained: “Cash flow is the key reason why many businesses are struggling to hold out in the current climate, and whilst a business may have traded for many years and be totally viable, the current lack of funding options has led many to fold unnecessarily when a short term injection of cash could have saved them. “Even for those businesses with a positive cash flow, the lack of funding from the mainstream lenders can be a barrier to growth, but a short term injection of cash can help them to invest in the future of their organisation.” The Cashflow Assist product is available as a first or second charge loan secured against residential investment or commercial property. Terms are flexible up to 12 months with no minimum period. Loan to Values are available up to 100 per cent subject to a comfort charge against additional security. Rates are dependent upon borrower circumstances. print page
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