Reeducate Your FinancesMake Every Penny Count! How to maximise your return on a Government Bounce Back or CBILS Loan
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f you have received a Government Bounce Back loan or Coronavirus Business Interruption Loan Scheme (CBILS) loan, schemes that were introduced to help smaller businesses impacted by Coronavirus (COVID-19), then there are important steps to follow in order to ensure you maximise your return on these finance facilities. What to do next? Government CBILS and Bounce Back Loans may be considered the cheapest money in a generation, which may make it tempting to pay off debt and other finances. However, having worked with numerous businesses in our years of experience, we would suggest that there are smarter, alternative ways to use that valuable facility, giving your business stability and potential to grow. By maximising the returns on your finance facilities, you can: * Support your cash flow * Stabilise your business * Invest long term in your business * Maximise tax position * Maximise business potential * Keep reserves for a rainy day By using your finance facilities to invest in your business in the form of modern, state of the art equipment, using a leasing facility, asset finance or part-finance, you can maximise the potential of your business by keeping cash in the company, improving and enhancing cash flow whilst also providing the best service for your customers, clients and businesses you work with. This is likely to help stabilise your
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Chippy Chat & Fast Food Magazine • September 2020
Chippy Chat & Fast Food Magazine • September 2020
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