How to keep your business cash flow smooth

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Running a business is not a simple task, and any manager or owner will tell you the importance placed on cash flow. If you do not keep this area of your company performing properly, you will not be able to generate more business and may be restricted from growing too. If your company sells products or services that require monthly payments by customers direct debits may be your best bet. Here are a few reasons why you should consider this option.

The hassle of collecting payments

When you sell something, and it is to be paid off over a ljgrfhkdlcertain period by the customer, you will often have to wait for the person to send you a cheque, transfer the money or visit your establishment and make the payments. However, these methods often end up ineffective as many clients forget or delay to send in the payments. When this happens, you will have problems with processing new orders and paying your suppliers as your firm may not have the required liquidity.

Direct debits

This is a process that is practiced by large companies and corporations regularly, and that is why you see them expanding rapidly. However, for smaller businesses, it may be difficult to arrange direct debit services, and that is why a direct debit bureau may be a lifesaver.

How to get direct debits set up

When you contact a firm that offers direct debit services, they will enter into an agreement with you whereby they will collect the periodic payments from your customer’s bank account and transfer them to you on a daily basis. These companies are cash rich, and they can also give you cash advances on your future income from these payments. In fact, after being with them for over three months, you can even ask them for a business loan with no collateral or credit history required.

Room to grow

uuh;kjnWhen you have your payments coming in regularly, and without delay, your company will have the necessary resources to expand and get more clients. You will not have to worry about clients paying on time as the direct debit service will deduct the payments from the customer’s accounts and send them to you automatically. It is, in fact, convenient for your customers as well, because they will not fall behind on payments and will not have to worry about writing cheques or effective transfers on a regular basis.

To qualify for trust deed, these are the qualifications

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Introduction

Debts could cripple your financial dreams and throw you into endless troubles. Since getting debts could be the only way to save yourself from financial problems, knowing how to manage them is very important. Unfortunately, you find yourself in really bad financial shape, and you can no longer service your debts. Everything comes down crumbling on you, and you have no hope of getting out the financial mess. Your credit score takes a nosedive, and no one is willing to lend you some money. That would qualify to be financial suicide.

Hold it there; Trust Deep Advice could be your way to financial freedom. But how do you qualify for it? Get to know all about the eligibility to trust deeds to manage your unsecured debts finally.

You should be living in Scotland

Unfortunately, it is not everyone who will qualify for the trust deed to easily manage his or her unsecured debts. It is only those who live in Scotland get the free pass to settle their debts. You should have lived here for at least 12 months or have business in England for the same period.22jfngkjhrjh

You must be insolvent

It is only those who cannot pay their debts on the due date that qualify for these deeds. If your source of income can longer keep up with the size of the debts, then you are entitled to this financial help. In other cases, if your collective assets cannot pay up all the debts you currently have, you deserve this help.

Have an unsecured debt of £5,000 or more

It is not just any amount of debt that will qualify you into the trust deeds; there is a limit for that. It is only those who have unsecured debts of £5,000 or more who do qualify. Anything below this figure is considered a small debt and you can find a way to fully settle it.
You should have some income or assets that can pay up to 10% of the debts

If you have no income at all, help will not be coming your way. To qualify for this financial plan for debt settling, you should have some regular income or a few assets that could take care of at least 10% of all the debts. It is easier to set an affordable monthly installment for someone with a regular income, however small it may be.

It is only after meeting all the above pre qualification conditions that you can get a trust deed to deal with your debts. Make sure before you consider going this way that you have met all the conditions or otherwise you will get turned back.33jnvkjdgkjh

Conclusion

If unsecured debts are finally catching up with you, trust deed advice is what you need. For those living in Scotland or having a business there for at least 12 months, help is just around the corner. Bring financial stability to your yawing boat. Make your choice today and walk free from your all your unsecured debts. But before that, you have to meet all the qualification criteria.

Business Cash Advance – Is It Worth?

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Businesses at any level require some form of finance to run its operations. On a usual scenario, an existing business should sustain itself and even safe for expansion in future. However, merchants find themselves looking for a business cash advance from financing institutions to meet various business goals. But is it worth to get this cash advance? Well, this is a debatable question, and this article will try to explain more about the need for such cash advance for business.

The need for business cash advance

To start a new business

ghgfhgfhgfhgfhgfh If you have a business idea but no or limited capital, you may find yourself looking for a business loan to start off. Most financing institutions require a viable business plan to justify that you will stabilize fast and start repaying the loan back. They may also need a collateral in the form of asset or some financially stable referees.

To expand and existing business

When time comes that the business must grow, it may be in need of a financial boost. If it has not saved anything or enough to sustain itself, then a cash advance or a loan may be necessary. The lender may need to assess your cash flow through the bank statements to see if it qualifies for a loan. Business expansion is necessary, and whenever there is an opportunity, one should not overlook it.

When there is an urgent need

During the normal operations, a business may get stuck financially. If there are no savings that can be drawn, then the best option is to approach a merchant lender. They do advance some cash to a business without much stress, and the two agree on interest rate and repayment plan. Emergency merchant lending services have saved many businesses from collapsing.

Is business cash advance worth?

fhfghgfgfhgfhYes, it is! All companies risk playing with markets which can be affected by micro and macro factors either positively or negatively. The business person can not control some of the factors. Therefore, it is crucial to seek for a financial help instead of closing shops.

At other times, it is essential to embrace an opportunity that comes for expansion through a loan. Therefore, is you are still wondering whether or not you should get this kind of help, then you need to consider it. All you need is to identify a good merchant lender who is flexible and understanding. Do not let the business lose a golden opportunity to excel.