April 20, 2020 | Raistone

Receivables Finance: An SME Solution in This Economy

In just a period of weeks, the COVID-19 outbreak has had a dramatic impact on the global economy. Consumer and business spending has dropped off significantly as people around the world self-quarantine. For small- to mid-sized enterprises (SMEs), the impact is particularly strong because they generally have less than 20 days of cash reserves.

In just a period of weeks, the COVID-19 outbreak has had a dramatic impact on the global economy. Consumer and business spending has dropped off significantly as people around the world self-quarantine. For small- to mid-sized enterprises (SMEs), the impact is particularly strong because they generally have less than 20 days of cash reserves.

So what should an owner do to secure working capital during these uncertain times? There are a number of possibilities. But it’s important to understand the differences between these options, as some may have greater restrictions or even overall availability as systems are being pushed to the brink.

One option, receivables finance, offers a fast, easy way for SMEs to unlock the cash in their accounts receivables, while still giving them the flexibility to take advantage of the government’s Paycheck Protection Program.

Download Our White Paper on Receivables Finance and read why this is the optimum solution now.

Related Topics

Insights, Accounts Receivable Finance, Blogs

More News

How Raistone Can Help Businesses Recover Tariff Refunds and Unlock Working Capital
With the Supreme Court reviewing the legality of key U.S. tariffs, businesses that have already paid duties could be owed substantial refunds. Planning ahead now is critical to turning these potential recoveries into immediate working capital, that’s where Raistone can help.
Read Now
Meet the Team: Sean Makar, Originations Associate
Sean manages a diverse range of clients, guiding them through onboarding, helping them widen their available financing, and ensuring they have access to the capital they need to grow. With a focus on relationship building and delivering seamless client experiences, Sean plays a key role in helping businesses scale with confidence as an Originations Associate.
Read Now
Navigating the Legal Complexities of Trade Finance Deal Structuring
In a swiftly shifting global economy, critical and increasingly complex legal considerations are shaping the structure of modern trade finance deals.
Read Now