Key Points & FAQs

Raising business financeThe key points in dealing with surviving a cash crisis and managing a turnaround are summarised below.

For more information on any of the topics listed please follow the links below.

    Key Points

    1. Can you pay your debts as they fall due? If not, you are insolvent. Don’t panic, but do get professional advice.
    2. Create a cashflow to work out how much cash you are going to need in the short term. It is the first step towards making sure you have it.
    3. Work out how comfortable/exposed the bank is, and will become, before you sit down to talk to them about how much cash you need.
    4. Use these tools to keep track as you go.
    5. Explore the use of asset based finance to generate greater borrowing headroom than is available through bank finance.
    6. Actively manage your cash and the funds tied up in your working capital.
    7. Do not put good money in after bad.

    FAQs and Free 13 Key Steps guide

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