2015 News and Media

Women in business - Awareness of finance options

Toni Evans, Head of Engagement, Just Cash Flow PLC.

There is constant debate as to whether the UK's traditional mainstream banks are lending enough to SMEs.

There are good reasons why,following the financial crisis, banks are struggling to meet the demands for finance from SMEs, the main one being the need to significantly increase capital levels.

Many businesses aren't prepared to wait for things to change and are turning to alternative finance providers, like Just Cash Flow PLC, that employ experienced underwriters able to make prompt decisions based on years of banking and business experience. We at Just Cashflow are proud of the range of flexible finance solutions we provide and were delighted when one customer said that his experience with us was, "just like business banking used to be".

However, recent research commissioned by Just Cashflow shows that around 30% of businesses that are turned down by their bank simply give up and shelve their plans for growth and development.

One of the key reasons for giving up was simply not being aware of the alternative sources of finance available. When I analysed the research in more detail I was surprised, and slightly disappointed, to discover that almost seven out of ten women in business who decided to shelve their business development plans fell into this category as opposed to just one in five of men, due to their lack of awareness of the alternative finance options available to them.

This lack of knowledge and awareness about the alternative finance sector is one of the keys reasons Just Cashflow is sponsoring the Women In Business Expo in Birmingham on 19th June as it provides us with a great platform to explain where alternative financing fits into the picture.

Where businesses may not immediately qualify for an overdraft or loan from their bank or are concerned the process will simply take to long, so alternative financing could provide the ideal solution. We believe the alternative finance market compliments the mainstream traditional banks and offers businesses an additional avenue to finance.

Just Cashflow also aims to assist businesses improve their creditworthiness. 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. Therefore, here at just Cashflow we're able to assist our customers with future applications to either alternative or mainstream traditional lenders. We also work alongside other lenders to ensure our customers are accessing the correct lenders and forms of finance that they require.

I am looking forward to future research being undertaken and women in business being equally aware of the alternative financing market and what it has to offer.

Date Issued 15 June 2015.

Download a PDF version of this Release

HeadzUp in Business

Headz Up In Business delivers Social Media Advice as well as Exclusive Women in Business Only Networking Events but men are welcome as well !

Headz Up Business Site

Email

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