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Dealing with your New Year’s Cash flow woes

Published on 24th January 2017 - Last update on 17th December 2019

So as we all settle down into the new year, trying to figure out how on earth we’re going to work off all those Belgian truffles and chocolate eclairs, it’s time to get back down to business. Reasserting ourselves back at the helm, many of us are having to brace for a new set of challenges. Yet, of all the challenges that can arise in business, cash flow certainly is one of the most common.

After a period of heavy spending on gifts for friends and family, many of our customers are now feeling the pinch and are wary about how they spend their money. Although this does eventually wear off, tending to your present situation is a priority. If your business is currently experiencing poor cash flow, there’s no need to carry the burden alone – Rangewell can help.

Solutions to your cashflow woes

Leaving a poor cash flow issue untreated can have any number of negative knock-on effects, all of which will hamper your business development as the year progresses. But with the right support, tailored to your individual needs, your business can possess the tools to endure and prosper. This is why many SME businesses choose Rangewell. With our services and in-depth understanding of a number of sectors, we can source the perfect finance deal to suit your needs, including: Merchant Cash Advance, Invoice Finance, Business Loans and so much more.

  • Merchant Cash Advance: Before we begin, in order to be eligible, your business must be able to support card and digital transactions. When applying, lenders will ask to review 2 or more of your latest sales reports, granting them a clearer picture of your business’s revenue stream. Should a lender agree to offer your business finance, you’ll receive a lump sum that will support and carry your business during turbulent times. Once your sales begin to pick up again, or a pre-agreed period has passed, you’ll commence with making monthly repayments.
  • Business Loans: With a loan your business can receive a lump sum between £5,000 and £1,000,000. Applicable in any number of ways, this finance package can also be used to offer a handy cash injection, ensuring you’ve got instant access to funds precisely when you need them most. Typically offered as secured or unsecured and as short- or long-term solutions, they can be fully customised to meet your business’s needs.   
  • Invoice Finance: If your business needs urgent access to cash, this finance solution can be a vital game changer. This solution works by unlocking cash sealed away in your business’s unpaid invoices. Your business may have offered a variety of goods and services, but until your customers pay, it’s money straight out of your wallet. With Invoice Finance, you can receive a lump sum in the region of 90% of the total value of the invoice, helping support your business whilst you await payment.

Our values are simple – We’re on your side.

At Rangewell, our services are clear and transparent. We support a wide range of SME businesses of every shape and size, for finding every type of finance. Follow us on Twitter and LinkedIn for business tips and tricks, and feel free to call us on 0203 637 2340 if you’d like to chat about what we can do for you.

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