If you’ve been considering whether your own business needs a loan, you may already have been warned off and cautioned by friends, colleagues or loved ones. And at Contributor Capital we actually agree that it’s wise to be cautious about debt. However, there may also be an opportunity cost to not doing so and times when a Business Loan is a very smart move, indeed.
More and more of us have become self employed and set up our own businesses. This has been great news for the economies of the Channel Islands because people who run their own businesses tend to be more productive, take less sickness days and receiving a higher proportion of take-home-pay for the work they do. It used to be said that the three pillars of the Jersey and Guernsey economies were agriculture, tourism and finance but construction, telecommunications and retail have thrived here over the last few decades too.
Here at Contributor Capital we listen to our clients, we endeavour to respond to their feedback and provide the services that best support their needs. We recognise that running a business can be incredibly stressful but without a doubt the number one cause of stress for any sized business is clients paying late
One of the most common difficulties faced by any business, irrelevant of size or years of operation is cash flow.