'Immediate and cost free support for Carillion hit businesses is the key', says Just Loans Group
Whilst SMEs reeling from the insolvency of Carillion have heard supportive words this week both from the banks and HMRC to help them with the hit to their cash flows, the evidence is that too many businesses are resorting to immediate cost savings through redundancies, concerned about the time it takes to agree delayed VAT and tax payments with HMRC, or put additional overdraft and loan agreements in place with the banks.
Just Loans Group are prioritising requests for Carillion caused cashflow needs, and for those who qualify for Just Cash Flow's flexible finance facilities, not only will they get a rapid response with much needed liquidity into their bank accounts quickly, but they will also have access to the funds interest free for a month, whilst they put in place longer-term arrangements.
John Davies, Director of Just Cash Flow PLC, says: "Cash flow is always an issue for SMEs and inevitably the uncertainty caused by the Carillion announcement is creating concerns for many businesses, resulting in rapid and drastic cost-cutting measures.
"We provide finance facilities between £10,000 to £500,000, can make quick decisions and rapidly have money in impacted companies' bank accounts, which we hope will give them the time they need to think through their future strategies clearly and have the necessary conversations with their banks and HMRC
"We hope that making the loan's interest-free for a month will provide that extra bit of breathing space. Quick action like this is needed to safeguard jobs and develop new business opportunities."
For those interested in finding out more about the offer, please call Just Cash Flow’s new and dedicated phone line on 0121 418 3359.