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Scottish Contract Cleaning Company with cash flow problems?

We help Scottish Contract Cleaning Companies to improve their cash flow by releasing cash that they’ve got tied up in their sales invoices.

I’ve been in business for over 30 years, but one of the questions I’m getting asked at the moment is ‘How do I improve my cash flow when my customers are struggling to pay their bills?’

 

So here’s my best advice. If you’re in the Scottish business-to-business sector you will be raising invoices for your goods or services and normally you’ll be waiting 45 to 60 days to be paid for those invoices.

Now, with the Coronavirus you may have seen a drop-off in trade. If that’s the case you won’t be raising as many sales invoices so the amount of money that you’re going to have coming in over the next
six months or so will be significantly reduced.

Now you may well have enough money to get you through to the point where we can get started again, back up to normal levels, or start to ramp things up again. But, when we actually get to that point, you’re going to have to wait 45 to 60 days again on the new invoices that you’re raising.

So you’re going to have a bit of a funding gap between raising the invoice, getting the cash, and being able to thrive when we come out of this time. So, if you want to release some money in your invoices, this is where Invoice Finance can come in.

So, Invoice Finance will allow you to have 85 to 90 percent of that invoice in your bank account to assist your cash flow within 24 hours. At the moment the Coronavirus Business Interruption Loan Scheme can be used on certain facilities if you qualify to provide a guarantee to the lender.

Now, this is something that we specialise in here at Playfair Finance and it’s really easy for us to do the legwork for you to save you from having to go to every provider, for there are many in the marketplace.

We take the application from you, and we then go out to the market to find the best provider for you based on your sector, your turnover, and how your business has been trading.

So, we save you the time, but we can also find you the best deal.

Now, the best part of that is that actually, there is no charge for our services to do that. The charges are actually paid by the lender so you don’t have to pay anything at all.

So, if you’re a Scottish Contract Cleaning company and you would like some help with Invoice Financing, please get in touch.

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Security Guard Companies and their funding gap – how are they going to fill it?

Some of my Security Guard company clients have been asking me how they can bridge the financial gap between the downturn of trade and when things return to normal.

 

Hi, my name is Graeme Shevas.

I help Scottish Security Guard 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 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.

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.

For more information and to see how a flexible Invoice Finance orFactoring Solution can benefit your business, please call us today or submit an enquiry and we will contact you.

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Invoice Finance facilities for the Scottish Transport and Haulage industry

Hi, my name is Graeme Shevas and I help Scottish Transport and Haulage companies to improve their cash flow by releasing monies from their sales invoices.

I’ve been in business for over 30 years and the question I’m getting asked most often at the moment is ‘How do I improve my cash flow now that my customers are finding it harder to pay their bills?’

So, here is my best advice. If you are in the Scottish business to business sector you will be raising invoices for your goods or services and you’ll probably be waiting 45-60 days to be paid for those invoices. As a result of the Coronavirus you may well have seen a downturn in trade. It’s not always the case with transport but certain sectors and companies certainly have, so
that will mean that you’re raising less invoices and as a result, the amount of money that you will have coming into your bank account over the next few months will be significantly reduced.

Now, you may well have enough money to get you through to when you return to normal levels of trade again, but when you get back to normal levels of trade you will have dwindled away your cash reserves and you will still have to wait 45 to 60 days to get paid for your new sales invoices.

So you’re going to have a funding gap, potentially, so how do you plug that funding gap?

This is where an Invoice Finance facility will be useful because if you have an Invoice Finance facility, as soon as you raise a sales invoice you can receive 85-90 percent of the value of that sales invoice into your bank account within 24 hours.

Now, with the Coronavirus Business Interruption Loan Scheme you may well qualify for a guarantee to be provided, by the government, to the lender in order to put that facility into place.

This is something that we specialise in and my role is to make sure that you do not have to go to lots of different providers in order to find the best deal.

You apply solely to us and then we then take your application to the market and find the most suitable lender based on your sector, your turnover, and how your business has been trading. Once we find the most suitable lender, we then get
the best deal possible for you.

The best part of it is that this service does not actually cost you anything. The fee that we receive for doing this is paid for by the lender.

So, if you are a Scottish Transport or Haulage company and you are wanting to put into place an Invoice Financing facility then please fill out the Contact Us’ page on this website and we will work out what we can do to improve your cashflow.

 

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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.