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Bridging Finance, not just for property.

Bridging Finance is primarily seen as a property related bit of finance
because it can be used to secure against property. That is one of the
easiest ways of getting it, just on the basis that property gives the
bridging lender a relatively understandable exit – in terms of how they
are going to be repaid.

Bridging Finance can be used for business purposes as well. If you have
a shortfall of cash but you know that you have got cash coming in in the
future.Bridging loans are typically six to twelve months, though they
can go up to twenty-four months, so it can be used for different
purposes, if there is an exit strategy.

Now, the one thing to bear in mind with Bridging Finance is that whilst it
primarily doesn’t need to be serviced, so you don’t need to make payments
against it, what happens is that the interest that is building up is that
it gets added up and then taken away from the original loan value that you
have secured.

What this means is that your day-one draw down is actually less than the
value of the loan, to the tune of the fees and the interest, so you really
need to bear that in mind when you are arranging your finance.

The original main loan value will be based on the loan-to-value, but the actual
amount of money that you will have in your pocket will be different to that,
unless you can prove through your income that you are able to service the
interest on a monthly basis, which then releases all of that interest from
the loan into your day-one draw down. This allows you more money upfront,
but you must make a monthly payment. The lender will require proof of how
you are going to do that.

There are still lots lenders out there, and more lenders are coming into the
market. Coronavirus has had a little bit of an impact, in terms of some lenders
have withdrawn from the market, but there are still plenty out there.

If Bridging Finance is something you are looking for, or considering, then
it is still very much on the table. If you need Bridging Finance or want to
discuss your options, fill out the contact us form on this website and we will
be in touch.

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Recruitment companies have options available to release cash from their sales invoices.

Hi, my name is Graeme Shevas.
I help Recruitment Companies who are having problems with
their cash flow, to release cash from their sales invoices.

I’ve been in business for over 30 years and one of the questions
that my customers have been asking me lately is ‘how do I get my
cashflow moving now that other businesses are having trouble paying
their bills?’.

Here’s my best advice: If you’re operating in the Business to Business
sector, you’ll be raising invoices for your products or services. At the
moment, your normal payment terms for those invoices will most likely be
45 to 60 days. You may have seen a drop-off in trade and the amount of
money that you’re going to have over the coming months will be significantly
reduced.

You may well have enough to get you through until the point where you can
begin trading at normal levels again, but when you need cash to pay the
bills as you return to normal trading levels, you’re going to have to wait
another 45-60 days for payment. Therefore, the actual funding gap is going
to be longer than the business interruption.

How are you going to plug that gap? This is where Invoice Finance and the
Coronavirus Business Interruption Loan Scheme (CBILS) guarantee may be able
to help.

As soon as you raise an invoice you could have access to 85-90% of its
value within 24 hours instead of having to wait the 45-60 days to get
paid. This will give you ready cash flow to allow you to meet your costs
and thrive as we get back to normal.

This is something that I specialise in and my role is to make sure that
you don’t need to go to lots of different providers. You only need to
provide your information once and we will access the most suitable providers
based on the sector that you’re in, your turnover, and how your business is doing.

It is a straightforward process to apply and it doesn’t cost you anything,
my fee is covered by the provider.

If you think this may work for you, or have any questions, fill out the ‘Contact Us’
page on this website and we can have a discussion about how we can help.

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Are you in the Construction Industry and need assistance with your cashflow due to Coronavirus? We can help.

If you are in the Scottish Construction business and having problems with
your cashflow due to unpaid invoices, we have a solution for you.

Hi, my name is Graeme Shevas and I help Scottish Construction businesses
who are having problems with their cashflow to release cash from their
sales invoices.

I’ve been in business for over 30 years and one of the questions that
my customers have been asking me lately is ‘how do I get my cashflow moving
now that other businesses are having trouble paying their bills?’.

Here’s my best advice: If you’re a Scottish firm operating in the
business-to-business sector, you’ll be raising invoices for your products
or services. At the moment, your normal payment terms for those invoices
will most likely be 45 to 60 days. You may have seen a drop-off in trade
and the amount of money that you’re going to have over the coming months
will be significantly reduced.

You may well have enough to get you through until the point where you can
begin trading at normal levels again, but when you need cash to pay the
bills as you return to normal trading levels, you’re going to have to wait
another 45-60 days for payment. Therefore, the actual funding gap is
going to be longer than the business interruption.

How are you going to plug that gap? This is where Invoice Finance and
the Coronavirus Business Interruption Loan Scheme (CBILS) guarantee may
be able to help. As soon as you raise an invoice you could have access
to 85-90% of its value within 24 hours instead of having to wait the
45-60 days to get paid. This will give you ready cash flow to allow you
to meet your costs and thrive as we get back to normal.

It is a straightforward process for the application and there are no fees
for me to do that, as they are covered by the provider.

This is something that I specialise in and my role is to make sure that
you don’t need to go to lots of different providers. You only need to go
to me and I will access the most suitable providers based on the sector
that you’re in, your turnover, and how your business is doing.

I can save you time and get you the deal that will work for you.

I hope you found that useful. If you’re a Construction business based
in Scotland and you need help with Invoice Financing, you
can reach me on 07776 257 342, graeme@playfairfinance.co.uk
or fill in the ‘Contact Us’ page on this website.

playfair-finance No Comments

Are you a Scottish Engineering business who has unpaid sales invoices? I might be able to help…

Hi, my name is Graeme Shevas.

I help Scottish Engineering businesses who are having problems with
their cash flow to release cash from their sales invoices.

I’ve been in business for over 30 years and one of the questions that
my customers have been asking me lately is ‘How do I get my cashflow moving
now that other businesses are having trouble paying their bills?’.

Here’s my best advice: If you’re a Scottish firm operating in the Business-to-Business
sector, you’ll be raising invoices for your products or services. At the moment, your
normal payment terms for those invoices will most likely be 45 to 60 days. You may have
seen a drop-off in trade and the amount of money that you’re going to have over the
coming months will be significantly reduced.

You may well have enough to get you through until the point where you can begin trading
at normal levels again, but when you need cash to pay the bills as you return to normal
trading levels, you’re going to have to wait another 45-60 days for payment. Therefore,
the actual funding gap is going to be longer than the actual business interruption.

How are you going to plug that gap? This is where Invoice Finance and the Coronavirus
Business Interruption Loan Scheme (CBILS) guarantee may be able to help. As soon as
you raise an invoice you could have access to 85-90% of its value within 24-hours
instead of having to wait the 45-60 days to get paid. This will give you ready
cash flow to allow you to meet your costs and thrive as we get back to normal. It
is a straightforward process for the application and there are no fees for me to do
that, as they are covered by the provider.

This is something that I specialise in and my role is to make sure that you don’t need
to go to lots of different providers. You only need to go to me and I will access the most
suitable providers based on the sector that you’re in, your turnover, and how your business
is doing.

I can save you time and get you the deal that will work for you.

I hope you found that useful. If you’re an Engineering business based in Scotland and you
need help with Invoice Financing, you can reach me on 07776 257 342, graeme@playfairfinance.co.uk
or fill out the ‘Contact Us’ section on this website.

playfair-finance No Comments

Scottish Commercial Lending Expert answers question about releasing cash from unpaid sales invoices

Hi, my name is Graeme Shevas.

I help Scottish Contract Cleaning businesses, who are having problems with
their cash flow, to release cash from their sales invoices.

I’ve been in business for over 30 years and one of the questions that
my customers have been asking me lately is ‘how do I get my cashflow moving
now that other businesses are having trouble paying their bills?’.

Here’s my best advice: If you’re a Scottish firm operating in the Business to Business
sector, you’ll be raising invoices for your products or services. At the moment, your
normal payment terms for those invoices will most likely be 45 to 60 days. You may have
seen a drop-off in trade and the amount of money that you’re going to have over the coming
months will be significantly reduced.

You may well have enough to get you through until the point where you can begin trading
at normal levels again, but when you need cash to pay the bills as you return to normal
trading levels, you’re going to have to wait another 45-60 days for payment. Therefore,
the actual funding gap is going to be longer than the business interruption.

How are you going to plug that gap? This is where Invoice Finance and the Coronavirus Business
Interruption Loan Scheme (CBILS) guarantee may be able to help. As soon as you raise an
invoice you could have access to 85-90% of its value within 24 hours instead of having to
wait the 45-60 days to get paid. This will give you ready cash flow to allow you to meet
your costs and thrive as we get back to normal.

There are other ways of raising cash in the short-term, such as bridging loans or refinancing
assets, but in my view at the moment, the longer-term solution would by your Invoice Financing
provision. It is a straightforward process for the application and there are no fees for me to do
that, they are covered by the provider.

This is something that I specialise in and my role is to make sure that you don’t need to go to
lots of different providers. You only need to go to me and I will access the most suitable
providers based on the sector that you’re in, your turnover, and how your business is doing.
I can save you time and get you the deal that will work for you.

I hope you found that useful. If you’re a Contract cleaning business based in Scotland and you need
help with Invoice Financing, you can reach me on 07776 257 342, at graeme@playfairfinance.co.uk, or
fill in the ‘Contact Us’ page on this website.