Bookkeeping4u is now proud to be partnered with Fluidly to bring you cashflow information and funding opportunities.
At Bookkeeping4u, we’re passionate about giving our clients access to the best tools and services in the industry.
We’re excited to be partnering with Fluidly to help you give you an insight into the Cashflow of your business and any funding you need.
If you're interested in having a look in a bit more detail and to view other finance options that might be available please follow the link below.
A NEW WAY OF THINKING ABOUT CASHFLOW
From tax bills to payroll, far too many business owners lose sleep over cashflow worries.
Fluidly changes that – by helping you plan with confidence, get cash in the bank and sleep better at night.
Whether it’s chasing invoices or taking out a loan, Fluidly makes it easy to manage every aspect of your cashflow in one place.
Fluidly connects to your Xero to create a cashflow forecast in minutes,
saving you spending hours in spreadsheets.
Access fast, hassle-free business funding. Get a quote in seconds and
see options across the market.
From taking out a loan to hiring new staff, see the impact of different
financial scenarios and make important business decisions.
Get cash in the bank, fast. With Fluidly you can identify late payers, prioritise debt and collect what you’re owed.
If you are interested in trying Fluidly for FREE then get in touch now!
WHAT IS THE RECOVERY LOAN SCHEME?
The Recovery Loan Scheme (RLS) replaced the government’s CBILS and Bounce Back programmes on Tuesday 6 April.
Like the other schemes, RLS aims to help businesses impacted by the pandemic. The funding can be used for activities like managing cashflow, investment and growth.
HOW DOES THE RECOVERY LOAN SCHEME WORK?
The scheme covers term loans, invoice finance, asset finance and overdrafts. Businesses can borrow up to £10 million, but there’s no interest or fee-free period.
The government guarantees 80% of the debt and there’s no turnover or trading history requirements. Personal guarantees aren’t needed for loans under £250k.
AM I ELIGIBLE TO APPLY?
You can apply if your business is trading in the UK. You will need to show that your business is viable, has been affected by the pandemic and is not in collective insolvency proceedings.
Businesses can still apply for RLS if they have already taken out a CBILS or BBLS loan.
More details are on a fact sheet that you can download here.