2014 News and Media

FeeRoller product sparks SME confidence

The growth plans of professional services companies are being supported by Just Cashflow's 'FeeRoller' - a new product designed to inspire confidence to invest.

FeeRoller is the latest addition to Just Cash Flow PLC's portfolio of facilities, shaped to help British SMEs fund their business growth. It works in the same way as a traditional bank overdraft with no interest being charged unless there is a draw down and then it is on a daily basis. There is also a small facility fee for having the flexibility of the FeeRoller facility in place.

John Davies from Just Cash Flow explains: "Many professional service firms are in a quandary as they have already invested a considerable amount of money providing services for a client that isn't going to pay them for a number of weeks.

“At the same time they have the opportunity to take on more work but that is going to stretch resources and cause sleepless nights about cash flow and the consequences of their client not paying on time."

"Having the FeeRoller facility in place gives an invaluable peace of mind and confidence to take on new business."

John gives an example of the product in action: “It's a Monday and a business is expecting a significant fee payment at the end of the week but a major investment has to start being made.

“The business decides to go ahead by drawing down on the FeeRoller facility it has in place.

“On Friday the fee payment arrives and the money borrowed from Just Cash Flow is fully repaid.It has cost the business just a few pounds to take on a major new business opportunity."

Alongside FeeRoller, Just Cash Flow PLC also offers a Revolving Cash Facility and has PortfolioBuilder offering for established property businesses in the UK that own at least one or more commercial property and need funds to support a refurbishment or to complete an existing development.

"Feedback tells us that FeeRoller will be a popular product given the time and uncertainty surrounding getting traditional banking finance if investment opportunities suddenly present themselves," says John.

Date Issued Thursday 16 October 2014.

This article was originally published by B2B news portal Bridging & Commercial.

Follow @justcashflowuk on Twitter for more like this.

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