2014 News and Media

So you want the cash?
Then get credit worthy

Television programmes such as Dragons'Den help highlight the fact there is no shortage of good ideas. However, businesses applying for credit could learn a lot from the line of questioning the Dragons adopt and the reason why the common response is "I'm out"

Where is the business plan? Who looks after the finance ? What are the business KPIs ? Just Cashflow is looking for the same information and it really increases the chance of getting finance if the business has the answers and can demonstrate it is being proactive and in control.

Naturally, how the business is going to be financed and how the all important cash flow is going to be managed are key questions businesses should address. Unfortunately, we come across examples of Directors who enjoy then title but obviously have a very poor grasp of business fundamentals.

Businesses should focus on doing everything they can to improve their creditworthiness. We find some Directors focus purely on the company and forget that almost all prospective lenders will also run a personal credit check. Therefore, paying your own credit cards, utility bills etc. and showing you are in control of your own finances is extremely important.

Filing business accounts within the deadline, paying suppliers on time, having a Debtor Book and a system in place for ranking and following up late payers all contribute to building up a very positive picture of a well run business. Being proactive like this doesn't guarantee you success but believe me it does significantly improve your chances.

Just Cashflow is in the business of helping businesses improve their creditworthiness. In future if one of our customers approaches a traditional Bank for finance we will be only too happy to help. A record of drawing down on one of our finance facilities, meeting regular interest payments and repaying in full means we will be able to provide an excellent credit reference.

Date Issued 15 October 2014.

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

Follow @justcashflowuk on Twitter for more like this.

News and Media

Just scroll through the timeline for all our news and video.

2019

2018

2017

2016

2015

2014

  • Interview by Business Connections

    The Business Show 2014 Olympia

    Watch Now
  • Britain Means Business Interview

    John Davies talks about business funding

    Interviewed by Britain Means Business.

    Watch Now
  • Just Cashflow launches BDM recruitment drive

    As industry debates circulate about the value of the human touch versus technology, commercial lender Just Cashflow has proved its positioning on business relationships by prepping to recruit 8 more Business Development Managers.

    Read More
  • FeeRoller

    FeeRoller Launched

    For Professional Firms to cover late payment of fees to them OR for their clients so that they can pay their fees on time.

    Read More
  • With great funds comes great responsibility

    Alternative lenders such as Just Cash Flow are in a privileged and responsible position as we get to see the plans of businesses keen to invest and grow. Many are well thought out, based on...

    Read More
  • Education is key

    "Too many small businesses don't survive"

    Read More
  • MDDegree

    #MDdegree

    Just Cashflow's twitter interview with Bizitalk discussed whether a national qualification for company Directors should exist?

    Read More
  • So you want the cash?

    Then get credit worthy.

    Read More
  • A lack of knowledge can set alarm bells ringing

    Just Cash Flow PLC launched in the UK in early 2014. Marketing Director John Davies reflects on experience to date

    Read More
  • WageRoller Launched

    Just Cash Flow PLC has added a new product to its expanding portfolio of facilities designed to help UK businesses fund their growth.

    Read More
  • Just Cashflow smashes £3m milestone

    After passing £1 million in lending this June, Just Cashflow has now accelerated through the £3 million milestone in what is usually a quiet month for the industry.

    Read More
  • Financial Professional Show sponsor

    Just Cashflow has been revealed as the latest sponsor of the highly anticipated 2014 Finance Professional Show

    Read More
  • Just Cashflow hits £1m in deals

    Just Cash Flow PLC has announced it is celebrating its first million pound milestone, after only soft-launching in March.

    Read More
Insights Logotype

Insights is Just Cashflow's online resource and information centre for ambitious growing businesses.

It offers inspirational profiles, expert knowledge and more, backed up by a range of briefings, checklists and other information that we hope will help you to develop your business.

Read now