Newsletter: January 2009 New Year, New Financial Resolutions Dear Colleague Happy New Year and welcome to our January 2009 edition of the newsletter. At this time of year, many businesses face cash flow issues - and in the current economic climate, things are tougher than ever when it comes to finding business finance. That's where we come in. As independent commercial finance brokers, we find clients the best deals in factoring and invoice discounting. This month, our suggestions for avoiding New Year cash flow problems, and a reminder to get your finance agreements in place before sources of finance dry up. With kind regards, Julie Blackman Avoid the New Year Cash Trap If you noticed a slowdown in payments from customers in the run up to Christmas then you're not alone. It's a common practice - and one that can often force businesses into the "New Year Cash Trap". It happens in January, when typically suppliers start chasing up invoices - and if the money's not there that's when many businesses face insolvency. The good news is that you can bridge the cash flow gap and avoid the New Year Cash Trap with invoice finance. You receive the majority of the value of your invoices at the point they are raised (the balance, less charges, is passed on once the invoices are paid). This means you don't have to wait for payment even if there is a delay in your customers paying. Why not request a free quotation search now? Need help collecting invoices - without your customers knowing? With the country in the throes of a recession, many customers are experiencing a slowdown in the time taken to receive payment in respect of outstanding invoices. Perhaps you're in that situation and need help collecting in invoice payments, but don't want customers to think you are using a factoring service. The answer is confidential factoring. All invoice chasing and collection is done in your name, while you get all the benefits of using a factoring service and do not have to worry about collections. Find out more about confidential factoring here... PROTECT YOUR FUTURE ACCESS TO FINANCE Personal credit was, in the past, relatively easy to get through credit cards and personal loans and many small businesses have been funded by their prime mover's personal cash. But the economic climate has changed drastically and there has been a marked decrease in the availability of credit generally. We have heard stories of overdrafts being removed when properties held as security are devalued, and credit card limits withdrawn. No one knows how bad the situation will get over the forthcoming year, but we do know there is a climate of risk reduction among the banks. It's vital to get your financing agreed now, before the opportunity disappears.   STOP PRESS - 100% funding against public sector debtors We have just agreed exclusive access for our clients to 100% funding against invoices to public sector debtors without any concentration limit. (Public sector debtors include the Ministry of Defence, public care homes, public hospitals, councils other bodies such as emergency services.) In addition, the invoice discounting facility allows the client to select which debtors will be included in the facility. Find out more about this special offer... Questions or comments? E-mail julie@cashflow-acceleration.co.uk or call 01892 785918. Visit our website at www.cashflow-acceleration.co.uk Cashflow Acceleration Limited, The Balaclava, Pell Green, Wadhurst, East Sussex, TN5 6EE