A healthy cash flow is integral to every successful business. There are a number of funding options available to those wanting to ease their cash flow worries:
Crowdfunding – This involves raising money through a large number of individuals, each contributing relatively small amounts. Specialist crowdfunding platforms have been set up to assist in this process.
Overdrafts – Overdrafts are a useful short-term lending solution which can be added to your bank account to cover cash flow issues such as unexpected bills.
Short-term Finance – Short-term business loans have a shorter than average repayment time, typically less than one year. Due to the short time period involved, the monthly repayments required with these loans can be particularly high.
Trade Finance – This is a niche area of commercial funding aimed at importers, exporters and domestic traders. Trade loans are designed for short-term borrowing requirements only.