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How alternative business funding can help you to keep on top of your finances

Alternative business funding is becoming a more accessible option for SME owners at a time when they are needing it the most. Small business lending from the UK’s largest banks fell by a massive £536m from December to January 2017 according to statistics from the Bank of England, which is the biggest dip in SME leading in the last two years. Many banks have been shying away from certain business sectors due to economic uncertainty following Britain’s vote to leave the European Union. Alternative business funding can therefore bypass nervousness surrounding big high street lenders by allowing small businesses to quickly and easily obtain the funding they need.

Following these key points can help you keep on top on your finances:

 

Monitoring the market

Keep up-to-date with economic forecasts and trends so that you can identify and quickly adapt to any changes within the market. Always being one step ahead will ensure that you are not going to have any unexpected costs when you least expect it. Having a financial plan in place for any shake ups within the market will ensure that this won’t affect your business.

Reviewing costs

Reviewing your spending habits can be a daunting task for any business owner. Having good knowledge of your financial trends can keep you on top of where you are going right; but also if you are going slightly off track.

Maintaining cash flow

Managing cash flow is one of the most crucial parts of running a business, as this will provide a safety net for any unanticipated expenses. That’s why many small business owners choose alternative business funding to ensure their company runs smoothly.

Quick Capital is an alternative business funding provider and we have helped lots of small businesses expand and grow by offering simple business finance. To discover how much alternative business funding you can raise call one of our advisors on 0800 3777 402 or request a quote online www.quickcapital.co.uk

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