Cashflow holds business back

Nearly half (42pc) of SMEs feel that cashflow is an obstacle to the success of their business, according to a Department for Business Innovation and Skills survey. Of those questioned, 7pc said cashflow difficulties were the main thing holding them back from growth.

Unpaid invoices in the small business economy is everybody’s problem. Chasing payments for overdue invoices can drain energy and time away from your business. There is a time intensive set procedure that businesses and contractors must follow in order to maximise their chances of successfully obtaining payment from clients.

Many small businesses have struggled to access credit from their banks since 2008 and many do not know where to turn to get cashflow assistance. The FSB have lobbied for more transparency in the business finance market to offer businesses a real choice of credit products and services, yet this is something that is yet to be achieved. Getting this at the right time for SMEs can be the difference between success and failure.

More clarity of the finance market is something that can really improve business in the UK.

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About Regency Factors

We are a specialist SME lender and proponents of SME Growth across the UK. For more than 25 years we have been structuring innovative financial solutions for our clients, many of whom today trust us with their invoice finance, trade finance, asset finance and purchase finance needs. Set up by husband and wife team Maurice and Hilary Craft in 1991. There are a lot of alternative finance companies out there that do the same as we do. They share the what and how. Our clients and partners work with us for our why and our who. Our nearly 30 years of experience allows us to connect our clients with what matters most, the experience.

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