The 1st December 2020 will see HMRC regain its preferential status as a secured creditor which means many SMEs /owner managed businesses should be looking at how best to protect their assets and investments in the unfortunate event that their business is unable to continue to trade.
Having a fixed charge debenture secured against specific investments and assets will give priority protection ahead of HMRC. Many businesses are already considering Invoice Finance as a highly appropriate method of ring fencing and safeguarding their core asset, namely their debts (outstanding invoices). Very often these represent a business’ single biggest asset on its balance sheet.
Speaking to a commercially supportive and sympathetic funder such as Advantedge will give your business a welcome peace of mind during these uncertain times and allow you to plan effectively and considerately this side of Christmas and into the New Year.
eCapital Corp
eCapital Corp. is committed to supporting small and middle-market companies in the United States, Canada, and the UK by accelerating their access to capital through financial solutions like invoice factoring, factoring lines of credit, asset-based lending and equipment refinancing. Headquartered in Miami, Florida, eCapital is an innovative leader in providing flexible, customized cash flow to businesses. For more information about eCapital, visit eCapital.com.
