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What is Asset Finance and can it help you and your business?

Cashflow needs to be the key focus of businesses now…

Over the past three years, numerous businesses have encountered cash flow difficulties as a result of their debt arrangements. When seeking loans, business owners tended to prioritise interest rates and choose short loan terms, often due to discounted interest rate offers from equipment suppliers etc. Currently, industries with narrow profit margins and disrupted operations are facing significant cash flow challenges.

Potential cash flow impacts to consider:
* Repayment of debt too quickly.
* Equity is tied up in assets, with funders unwilling to release it when needed.
* Businesses have experienced disruptions due to staff shortages, supply chain issues caused by COVID-19, extreme weather events, and inflationary impacts.
* Borrowers focused on cheap interest rates or ease of finance.
* Poor choice of finance structure or products.
* Limited funder options due to heavy reliance on a single funder.
* Current funders are unwilling to restructure existing debt or provide finance for other business needs.
* Use of personal assets to support business debt.
* Businesses using IRD debts as working capital, with funders unwilling to assist due to resulting tax arrears.

How we help…

Our services for business owners include optimising debt structure for improved cash flow and leveraging fixed assets to generate cash or acquire assets from other businesses.
We can also assist with securing additional funding support, even for businesses with tax arrears, and help with better risk management through diversified funding sources.
If your business is facing challenges due to the current economic climate, I'd be happy to discuss how we can help. Please feel free to contact me to arrange a meeting. 🤝