Liquidity Crisis! Gain Instant Access to Funds
The chancellor Rishi Sunak has recently announced targeted support of £10,000 in order to help SME’s (with fewer than 250 employees as of 28th February 2020) during this period of disruption. However, with ambiguity surrounding when businesses can have access to these funds, Chatsbrook thought it would be beneficial to inform you of a way that businesses can access short to medium term solutions (almost) instantaneously. With over 50 years of combined experience in the financial industry for a variety of sectors including, transport, construction, agriculture and motor, we can move your business forwards in this period of economic volatility.
Chatsbrook as a brand has been built upon integrity that has been created through maintaining and developing strong relationships with our clients and business partners. Therefore, we understand the importance of inter/intra business relationships and how relationships are assets. It is our mission to help you to conserve your relationships, whether that be with employees or clients, by providing a service that we know very well. In order to help you tackle the pressures of COVID-19 we would like to offer our specialist knowledge of finance products to protect your most important assets through cash flow relief.
These alternative methods of funding are able to offer a lifeline to protect cashflow-if business/productivity ceases for a while.
Refinancing is often an underused method of funding. In this circumstance, it will serve as a tool, enabling businesses to continue to thrive by releasing capital from assets they have to maintain cash flow.
In a nutshell, Refinance/Equity Release is a way that a business or private individual can raise capital and boost working cash flow. More specifically, Refinance is a way to restructure existing payments and is available on vehicles and assets which are currently financed. It is a viable alternative to traditional banking options as it provides you with further financial stability through flexible terms. On the other hand, Equity Release is the facility to release equity from your existing asset. It allows a business or private individual to raise capital and boost working cash flow on assets that they own outright.
For both Refinance and Equity Release, the duration of the agreement and repayments can be tailor-made to suit your individual requirements and circumstance.
If you believe this can benefit you, please do not hesitate to contact us. Due to our robust business continuity programs, we are able to continue business as usual in the safest way possible for our staff, clients and partners. Business shall not halt as we endeavour to support you during this difficult time. As an open and honest financier, our mission is to always have our client’s best interests at heart; which is why we would like to offer guidance on cash flow to those that are seeking short to medium-term solutions.
Get in touch with us on 01603 733500 or info@chatsbrook.co.uk and we shall do all we can to help your circumstances.
We strive to continue to be a stabilizing force in this storm- we are all in this together.
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