FOR IMMEDIATE RELEASE
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.
About The Just Loans Group PLC
The Group entered the UK alternative finance sector in 2012 with the aim of provoding a real alternative to Business Banking and has built a robust, scalable, Anti Money Laundering (AML) compliant process for on boarding Corporate Borrowers in the UK and eventually Europe. This has been achieved through increasingly using FinTech to streamline the application process and deliver exceptional customer experience.
The Just Loans Group is the parent company of the award winning Just Cash Flow PLC which specialises in providing revolving cash facilities to SMEs to assist with smoothing the peaks and troughs of working capital.
The Just Loans Group is the first alternative commercial lender to be a Professional Associate Member of the British Banking Association.
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23 May 2017 09:00
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