It’s fair to say there’s a lot of uncertainty around Brexit and with less than a month to go until the October 31 deadline, businesses are understandably worried about how a no-deal, or even a deal, may affect them.
We’ve recently celebrated our 11 year anniversary and during that time we’ve seen a lot of twists and turns in the economy.
Shortly after our launch, we witnessed the recession of 2008, which took the UK five years to recover from. It was a turbulent time for businesses and the economy but our company continued to grow to meet the ongoing and evolving needs of our customers.
Even though the country was crawling out of the recession, Capify was there to support small businesses and help them achieve their goals – whether that was to pay for expansion, refurbishment, new staff, or to simply boost their cash flow.
The time is now
There are so many “what if’s?” in business and if you listened to them all, then you likely wouldn’t have got your business off the ground in the first place. At some point, you decided that the time was right to launch your start-up and we bet you’ve never looked back.
It’s that entrepreneurial spirit that drove you to set up a business that the UK needs to keep hold of, whatever the Brexit outcome might be. Small businesses make up the vast majority of British private sector businesses and add a huge amount to the economy, which is why we’re encouraging you not to let the uncertainty around Brexit hold back your growth plans. Nobody knows what the future may hold, but our experience has shown that growth can come during ambiguous times, and good businesses can still take that next step and go on to become great businesses.
With Christmas just around the corner, we’re approaching the busiest time of year for many of the small businesses we help – from retailers to restaurants and pubs. This critical time can make such a difference to small business owners, so it’s vital that you’re prepared.
Do you have the funds available to purchase the stock you need, hire more people or spruce up your premises in time to make a great and welcoming impression during the festive period?
Take a look at your competitors – are they letting Brexit hold them back? Don’t lose your competitive edge by waiting to see what may or may not happen in the future, whilst your competitors forge ahead and take the advantage.
We’re here to help
Throughout the Brexit coverage there have been reports of companies, large and small, stockpiling in case they can’t import from Europe – this can be costly, especially considering you may not sell this stock for a while.
At Capify, we have a product that is ideal for helping in these types of situations – our Merchant Cash Advance. It allows you to raise upwards of £3,500 with repayments made at the end of each working day through a small percentage of your credit and debit card takings. It means that you pay us back when your customers pay you, which works perfectly with the peaks and troughs of your business takings, helping with all-important cashflow.
We’re proud to have been raising small business finance for over 10 years and endeavour to continue to help our new and existing customers through these ‘uncertain times’ – we’ve been there and done it for more than a decade and want to help you succeed as many of our other customers have done before.