FOR IMMEDIATE RELEASE
Resilient UK SMEs appear to be shrugging off Brexit concerns and are determined to invest and grow.
Figures released by alternative lender Just Cash Flow PLC show applications volumes for its finance facilities are currently running at 28% higher than in the week leading up to the Brexit vote.
Director John Davies says," In the run up to the referendum differing reports about which way the vote was going to go was causing a tremendous amount of uncertainty with all sorts of doom and gloom forecasts being made. The one thing all businesses hate is uncertainty and we weren't surprised to see SMEs postponing investment decisions.
We expected this cautious approach to continue for some time while all the speculation about the ramifications of Brexit continued. However, the significant increase in application volumes we are now experiencing and conversations we are having with business owners reveal a different story.
"They are saying a firm decision has been made and Brexit will be Brexit, it is going to take time but we can't put our lives on hold while the politicians debate what it will look like - we need to get on with growing our businesses."
Martin Rutland Head of Public Relations
Just Cash Flow PLC
1, Charterhouse Mews
London EC1M 6BB
Just Cash Flow PLCos registered at the above address under company number 08508165
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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