Our own research showed that since the EU Referendum, an increasing number of businesses have been impacted and are struggling to effectively manage their cash flow.
Additionally, we know that more businesses today are suffering from bad debt, due to non-payment from customers.
It’s for these reasons that we have pledged our commitment to the Government’s SME Finance Charter, to ensure that SMEs can access the cashflow solutions they need to support their business through Brexit and beyond. Our commitment to the SME Finance Charter means we subscribe to five pledges:
- we’re open for business and ready to lend
- we’ll help you navigate Brexit and beyond
- we’ll support your application and signpost other options if needed
- we’ll treat you fairly at all times
- we’ll work with the government-owned British Business Bank (BBB) to support SMEs
Speak with your finance partner, or one of our specialists teams, about the options available to your business to help alleviate challenges associated with cash flow issues and the impact of Brexit. This could include specialist import (Trade Finance) and Export Finance services, helping you to trade overseas with confidence.
Additionally, some providers will offer bad debt protection to ensure that your business is insulated against the impact of customer non-payment or protracted default.
Read more about the cash flow solutions we provide, including our support for SMEs trading overseas.