SME Will Have To Adapt To Change To Survive Pandemic
Changes to business models, which are expected to be permanent, are the biggest reason SMEs are adapting to change as a result of Covid-19.
Whilst some confirmed they had either made redundancies, used the furlough scheme or changed their operating structure, the majority were positive about the future.
As we've said before, change is the only guarantee in life. The business environment and world around us are forever changing and as a business owner you must change with it. These changes come in many guises – staffing, machinery, suppliers, premises and services etc. It also includes your finances.
Prior to today's second national lockdown, 5th Nov, a survey revealed that of the 10,000 SMEs polled 99% expect to survive the Covid pandemic - the main reason being if if no additional national lockdown was implemented. The next four weeks will see SMEs fighting harder than ever before. Yet, SMEs are made of strong stuff. They are the backbone of the UK economy and vital in the country's recovery.
That's why, here at Cashflow Bridge we pride ourselves on the support, advice and help we offer, at no charge, to SMEs all across the country with our independent and honest guidance.
Strong SME finances are an integral part of making your business stable. Not however, using personal finances - SMEs are advised against this practice, which is known to have damming effects on both your personal and business situation. That's why there are a myriad of financial providers offering SMEs a huge range of tailored, flexible and cost effective finance options.
Traditional lending like loans through to alternative finance options such as invoice finance are all worthy considerations when reviewing and revising your future proof SME business plan.
The best way in which you can get the very best deal is to speak to a specialist SME finance broker, such as ourselves. Here at Cashflow Bridge we guarantee to find you the right finance, from the right lender, at the right rate.
We are 100% independent, it means we are only interested in securing your business loan from a lender that is suitable. We are not bound by targets, contracts or bonuses – we are remunerated directly by each lender; as such we approach only those lenders who we know will, not only agree to your lending, thus not effecting your credit score, but those who we know will be the right match for your business for the future.
We are able to arrange your business lending quickly, and usually far cheaper than if you were to go direct. We have access to all UK lenders, because of our unique independent status.
We offer independent, impartial, unbiased, honest and transparent financial advice, including...
- Long and short term loans
- Secured and unsecured loans
- Stock finance
- Asset based funding
- Factoring and Invoice Discounting
- Bridging loans
- Same day cashflow injections
- Trade finance
- Funding against confirmed orders
Call us today, and we guarantee to find you the right finance, from the right lender, at the right rate!
Call 07785 596053 or email email@example.com