Experts are divided over exactly when the much-anticipated economic recovery will occur. But one thing is undisputable; when it does, businesses have to be ready to capitalize on its benefits. CBHC can help you get your balance sheet in order, and ensure your company is out in front when the upturn happens – read this article to find out more…
An upswing is the ideal time to grow your venture, but proper planning is essential. Now is the ideal time to health-check your books and ensure that your firm is financially fit for the forthcoming opportunities.
By sorting out your cashflow and generally ensuring that your company is in a strong financial position, you can present a solid case to financial institutions as well as private investors – which will give you a better chance of securing the investment that’s essential to funding growth. With the money in the bag, you will find that you can steal a march on your competitors and ride the crest of the wave as soon as there are signs of a swell.
We don’t know for certain what the new budget will bring in June, but there are funding initiatives available now that could be the answer to improved cashflow and liquidity. For example, the last budget made the Enterprise Finance Guarantee an even better proposition for SMEs, providing up to £1 million per tranche of unsecured finance. And considering that this money can be accessed more than once, the potential for businesses to realise ambitious growth plans is phenomenal.
Hopefully the new loan schemes currently being discussed by the Lib-Cons will match the EFG in scale and suitability, however we recommend that you act now to be sure. We can work with you to prepare the application and give you the best possible chance of success, helping you advantage of the upturn’s potential.
To find out more about how we can help you grow your business, contact our Corporate Finance team