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Bridging Finance and the impact of Coronavirus

We provide services to businesses who need assistance with all types of finance, including Bridging Finance.

Hi, my name is Graeme Shevas.

I help businesses who need assistance with Bridging Finance and I wanted to give an update on the Bridging Finance Market as a result of Coronavirus and any impacts that it may have had. The first thing to note, really, is that there are still plenty of bridging lenders out there willing to lend, but there have been a couple of impacts.

The main impact really is that some lenders have been withdrawing from the market, and other lenders are actually finding that the funds that they have available to lend are reduced. This is as a result of people who are coming to the end of a bridge and not being able to refinance, due to the current situation. They are finding that the bridges are lasting a little bit longer, so the funds aren’t coming back into the coffers in order to be able to loan them back out again. There are some lenders who have not completed on deals, or who have had deals that were not completed and have now withdrawn the offer of finance. So, it’s a bit of a mixed bag.

The main thing to note, really, is that the amount of money that is loaned out on a bridge has actually reduced as a result of the value decreasing. So, if you’re looking at a property transaction for the bridge and the loan-to-value against which it will be secured is probably, on average, about 10 percent down, largely to do with the valuations, in terms of getting a desktop valuation done and reducing the amount of risk involved in that.

So, the bottom line is that they are still available, there are lots of lenders, and if you have a funding gap and it wasn’t necessarily property related, maybe it was to do with business, as long as you can prove an exit, (i.e. a way of actually repaying it in a period of time, so maybe you’ve got other funds coming in our you’re waiting for some finance against a commercial property or you’re trying to sell something and the money has not come in yet but you desperately need it now) it’s still available.

Bridging Finance is a flexible bit of finance which will suit many needs. If this is something that is of interest to you or you want to discuss it further, you can reach me on 07776 257 342, email graeme@playfairfinance.co.uk or fill out the ‘Contact Us’ section on this website.

For more interesting hints and tips, you can also visit our YouTube channel at https://www.youtube.com/channel/UCbvTGclIvFBNhr1GwC3rFSQ/videos

 

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Construction Industry and need assistance with your cashflow?

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.

 

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Scottish Engineering business who has unpaid sales invoices?

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.

 

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Scottish commercial lending and releasing cash from unpaid sales invoices

Hi, my name is Graeme Shevas.

I help Scottish 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 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.