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Staying afloat with Cashflow Finance

Published on 16th October 2018

Maintaining a reliable cash flow each month, that supports your bottom and allows enough room for further investment, is crucial to running a successful business in the UK. But on account of the turbulent economic climate, changing customer trends and increased competition, this can feel like quite a tall order. Yet, if your business is to retain a constant rate of growth and achieve a sustainable future for the long-term, staying above your bottom is an absolute must. One way of making sure that your business is able to stay afloat and continue to invest in growth is by applying for Cashflow Finance.

Why should I apply for Cashflow Finance?

Cashflow is an essential aspect of running your business. Yet, unfortunately, cashflow can’t always be guaranteed, but takes time and effort to develop. If you do happen to run into a sustained period of uneven cash flow, taking action sooner rather than later is key because the longer that the issue is left outstanding, the more difficult it becomes to resolve. This is especially true when you factor in the rising levels of debt your business might be generating in the meantime, increasing the risk of becoming insolvent in the near future. But with Cashflow Finance, you could gain access to additional capital, sometimes in as little as 48 hours after placing an application (depending on the product and the complexity of your request) allowing you to boost your business’ finances.

What can I use Cashflow Finance for?

One of the reasons why Cashflow Lending is so popular is the flexibility it offers your business. This is because many of the products on offer possess no borrowing limits or usage restrictions, enabling you to target the root cause of your cash flow issues and provide much-needed support to any aspect of your business. So, as well as paying off debts to your creditors, Cashflow Lending can also be used to replenish your inventory, carry out repairs, replace ageing equipment, support marketing campaigns and even provide emergency assistance during a natural disaster. Therefore, Cashflow Finance offers you the support and confidence you need to safeguard your business’ success, even during the most trying of times.

Are you having a difficult time maintaining your business’ bottom line? Do you need access to additional capital in order to stay on top of your operating expenses? Apply for Cashflow Finance or learn more about how your business could benefit.

What do I need to apply for Cashflow Finance?

If your business is in need of assistance and stands to benefit from access to additional capital, applying for Cashflow Finance could offer you the means to get your business back on its feet. And in order to do so, there are 3 key areas of the application process you need to consider: Credit Rating, Security and Documentation

Credit Rating

Although it may not always be used against when making a decision, lenders will usually request permission to review your personal and business credit profile in order to understand your current financial situation. However, your credit rating will affect how much interest your business is charged throughout the agreement. Nevertheless, they’ll always carry out the necessary checks, incorporating whether you have past or outstanding CCJs, accelerated payment notices (APNs), unpaid debt (e.g. credit card debt) and a history of resolving debt on time.


Another aspect (which depends on the type of Cashflow Finance product you’re applying for) is collateral. When making an application for a Secured product you’ll need to present unencumbered assets (equipment, machinery, vehicles or the capital contained within unpaid Business-to-Business (B2B) invoices) to the lender as part of the agreement. This reduces the risk to the lender, giving them the confidence to offer you an agreement and a favourable interest rate. But, should your business default on the agreement, the lender will have the right to repossess those assets in order to recover the capital they’re owed.

However, there are also Unsecured Cashflow Finance products available too, which don’t involve the use of collateral. But because of the increased risk to the lender, such products are usually subject to stricter application requirements (though there are some exceptions) and charge more interest when compared to a secured agreement. As such, you’ll need to decide between putting assets at risk or being charged more interest.


In addition, it always pays to check what documents the lender expects you to present with your application beforehand. This is usually outlined in the documents you’ll receive from the lender regarding the product you’re considering, as well as the appropriate format. So, although this varies from product to product, you may need to provide anything from proof of identity, recent and past bank statements, profit and loss statements, cash flow forecasts, turnover reports and collateral documentation to business-to-business (B2B) invoices.

What types of Cashflow Finance solutions are on offer?

If you’re having a difficult time maintaining your bottom line, Cashflow Finance offers you a number of options that could help you target and resolve the issues affecting your business. Depending on your financial situation and how you operate, your business could be eligible for products such as Merchant Cash Advance, Invoice Finance, Asset Refinance and Overdraft Replacement. The only obstacle you need to overcome now is deciding which finance solution is the most suitable for your business’ needs, which is where speaking with a qualified business finance professional could help.

Need help maintaining your bottom line?

For any business to have a lasting future, generating a reliable cash flow that can support your operating expenses and provide enough room for investment is crucial. However, you’re bound to run into any number of setbacks in pursuit of this goal but, if you’ve got the passion and determination, there are plenty of resources available that could help your business succeed - providing you know where to look.

At Rangewell, we’re an Access to Finance specialist and search over 300 lenders to offer you an overview of more than 23,000 business finance products. Our services are free to use and we’ll also guide you through the application process from start to finish. So if you're looking to gain access to additional capital in order to stay afloat, apply for Cashflow Finance today or find out more with Rangewell.

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