I’ve been there.
I’ve had them.
And they’re not nice.
When I had them, I also had problems trying to access people who could help me with those problems.
So, my name is Graeme Shevas and I’m a Commercial Finance Broker, and I’m aware of the issues that some people are facing, having had them myself over the years. And I really can understand, I’ve been where you are.
So, if you are feeling some sort of vulnerability at the moment or you’re a little bit apprehensive about how you are going to trade forward, don’t be embarrassed if you are encountering difficulties. Pride is not going to help you at this stage.
What you need is somebody who is going to help you to win and succeed as you come out of this on the basis of providing you with a facility and a solution that will help you to trade out, and get back to the normal levels of profit and beyond, once we come through this.
Trade Credit Insurance
Something else that you may not have thought of is Trade Credit Insurance.
Normally this is an insurance that you would get if you had an Invoice Finance Facility in place whereby the lender insures, or you insure, the debts effectively, so that the lender takes them on.
You don’t get them back, and have them removed from your credit facility, the lender gets
them back and they are insured.
Now, normally, as I say, it’s part of an Invoice Finance Facility, but it is actually available separately.
So if somebody is in need of securing their selves in terms of bad debts, or the potential of bad debts, going forward, then this policy might be something that is of interest to you.
So, if you have a requirement to mitigate your risk of bad debt, there is an insurance policy,
called a Trade Credit insurance policy, and I have access to one of the major providers of that cover in the UK.
So, don’t bury your head in the sand, would be my advice.
Please get in touch and we will do what we can to help you with a solution that’ll help you to get through.
Let’s work together and bring as many businesses through this situation as we can.