I have a relatively new business, and at the moment cash flow isn’t great. Sometimes I have to spend out to be able to win business, and I certainly have to spend out to be able to buy materials for what I do. I tend to put my own money into things when we need a bit of a boost, because, ultimately, I know that I am going to get in back.
Recently we got a great order, the biggest we have had yet, but unfortunately part of the deal was payment on collection. I quite often ask for cash up front but this order was bigger than anything we had had before, so I decided to cover the initial costs myself. It was only when I checked my finances that I realised how difficult this was going to be. It looked like we were going to have to let the order go, but I came across a company called ThinkCash online. They would be able to loan me some money over a short period of time, which would suit me down to the ground. Once I had the materials I would be collecting the money five days later so it wasn’t a problem paying it back, and the loan itself was affordable so I decided to go for it. ThinkCash sent the money the very next day, and we were able to get on with the order!