Cashflow funding scheme launches
Leonard Curtis, which has an office in Birmingham, has launched a new finance product aimed at preventing businesses with cashflow problems from going out of business.
The initiative, called Oxygen, is cashflow finance product that aims to help with short-term financial issues.
Paul Reeves, business development director at Leonard Curtis, said: "Many businesses have suffered because of the difficult trading conditions they have faced in recent years. For many SMEs it has resulted in a build-up of uncomfortable levels of debt with the HMRC, key suppliers or landlords. Many businesses are struggling finding access to funding difficult or experiencing cash management problems often due to bad debts.
"Oxygen is a cashflow finance product which directly focuses on this issue. Its primary function is to provide firms with a tailored and flexible solution which will help them deal with short-term financial issues."
Oxygen has been developed by the Factoring Advisory Service, which is part of the Leonard Curtis Business Solutions Group.
