- 12 June 2020
- Posted by: Lucinda
- Categories: Business Finance, Business funding options, Covid-19, working capital finance
Business Funding for COVID 19 Recovery
Having access to business funding is critical for SME’s as the economy opens up again. Many SME owners are facing a variety of challenges re-opening in this new environment. Against this backdrop of uncertainty, business owners are trying to plan the best way forward. Many SME owners have no idea what their post-Covid-19 trading levels will be.
In these uncertain times, cashflow and liquidity are critical, to help businesses survive and thrive. Business owners need to understand what are the company cashflow requirements. Importantly, they need to know their funding options, so they can stabilize the business and drive forward.
In these early days, many business owners just want a short-term funding solution. They may prefer temporary facilities, until they have a clearer idea what their ongoing funding needs may be. One certainty is however, that having the right finance in place is vital to secure the future of your business.
The good news is that there is a wide range of funding solutions available. Lenders are “open for business”. Whether you want to replenish reserves, or you need short-term finance during the volatility, there are plenty of options. You just need to know where to look and who to speak to.
As well as traditional loans, there’s a range of low interest business loans available from the Strategic Banking Corporation Ireland (SBCI). These Government backed loans have many benefits, and suit a wide range of purposes including business expansion. In addition, the SBCI Working Capital loan is available to support SMEs that are impacted by Covid-19. We have a successful track record delivering SBCI loans to businesses. With our access to decision-makers – we can fast-track loans and negotiate the best deals.
If you need business funding, or want advice on the best finance options for your business, speak to us. With our 20+ years experience as business finance specialists, we can help you. We’ll give you independent expert advice on all your business funding options. With our expertise and key contacts, you can trust us to deliver the best funding solution for your business, efficiently and with minimum hassle.
Whether your business needs short-term funding, or you want to fund business opportunities going forward, we can help you. Working together, we can secure the finance your business needs, so you can future-proof your business.