As we move through these difficult times we must try and support one another personally and in business. Cash flow is the life of any business, now more than ever. Cash is KING, but when it isn’t it poses significant issues for even a healthy business. It is often said that cash flow is the life blood of all businesses, and is certainly a primary indicator of business health.
The effect of cash flow is real, immediate and, if mismanaged, totally unforgiving. It is generally acknowledged as the single most pressing concern of most SME’s and a primary reason for business failure.
In recent weeks we are seeing an increased trend where suppliers are requiring payment up front before they deliver any product to their customers. At PFBS, we are specialists in the Working Capital sector and have access to a number of lenders that provide cash flow products to support SME’s in all industries.