Many small business suffer from cash flow issues. This can arise from slow collection of debtors, overtrading, payment of creditors exceeding normal trade engagements and non-payment of statutory charges, such as employee superannuation, GST, company income tax, and Fringe Benefits tax.

Most commercial banks view the non-payment of these statutory charges with aloofness and a reflection of management’s capabilities.

Flakus and Associates has access to cash flow funders (subject to their lending assessment) who provide funding to assist businesses. Their criteria and turnaround times are not as vigorous as major financial institutions and they may help your business with your cash flow.

 

Tags: ,