2015 News and Media

Brokers could be missing out on additional income

Claims Just Cash Flow PLC Director, John Davies.

Just Cash Flow PLC Director, John Davies, claims that brokers could be missing out on substantial additional income by not effectively marketing their expertise to local businesses.

The lender provides an alternative to a bank overdraft or business loan and the flexibility provided is proving popular with businesses and the broker community.

John says it is well documented how traditional banks aren't able to fully meet the finance demands of SMEs following the fallout from the financial crisis and too many businesses are simply giving up because they weren't aware of a local commercial broker.

"We have had great success working with an increasing number of brokers who recognise businesses are crying out for their expertise,” said John.

“Unfortunately, too many businesses simply give up looking for finance if their bank turns them down and one of the reasons is they simply don't know the name of a local broker and the services they have to offer.

"We have just invested in producing a video that focuses on telling businesses the benefits of seeking out a NACFB broker and marketing this through our social media channels and an increasing number of direct business meetings."

Just Cashflow provides funding solutions up to £500,000 which are provided with the average finance facility being around £50,000 and the completion time only takes a few days.

One firm who has benefited from a partnership with Just Cashflow is Biznizcash - a business finance broker specialising in the hospitality field.  Terry O'Hare used Just Cashflow to assist a business in raising funds to renovate and refurbish some of their pubs.  

His client had identified that the revenue from food consumption was far more profitable than drink sales and so they needed to fund the renovation of three properties to develop the restaurant side of the business.  

By using the Just Cash Flow solution, the client was able to make necessary changes which resulted in significantly increased sales and profits.  They have subsequently gone on to purchase more properties.  

Terry says: “The application process was particularly easy and the turnaround time from application to the funding being in place extremely quick.  Just Cash Flow had excellent background knowledge of the business sector which really helped the application.”

He added: “The commission was paid promptly and it was all hassle free.  I received my commission immediately upon my client receiving their funds.  It could not have been simpler or more efficient.  The staff were a pleasure to deal with and delivered on every promise.  They exceeded all expectations.”

Another firm helped by Just Cashflow was NACFB member Raven Mann & Co which offers property development and business finance advice.  

Managing Director Raymond Raven recently used Just Cash Flow to assist a customer who required funding to import stock to sell to the retail trade.  

Orders had been placed and the stock had been presold.  Just Cashflow was able to step in and provide prompt funding to fill the immediate cash flow gap.   

Raymond said: “Without Just Cash Flow's help the business would not have succeeded and may well have folded.  Fast funding was essential to fulfil the order with the supplier.  As for the process, it was as easy as getting out of bed!

“I simply couldn't fault it at all – the staff were helpful and the process really efficient.  He is also very positive about his commission being paid promptly and directly on his customer receiving their funding.”

Date Issued Thursday 19 March 2015.

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

Follow @justcashflowuk on Twitter for more like this.

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