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

Navigating Tariff Volatility and Global Trade Tensions
President Trump has utilized the threat or, as is the case in the trade war with China, implementation of tariffs in an effort to support other policy goals of the administration. Businesses of all sizes across the U.S. stand to benefit from preparing for impending supply chain disruptions and increased costs.
Read Now
How Investors Can Harness the Power of Trade Finance for Sustainable Growth
In the ever-evolving world of investment opportunities, trade finance is an appealing and resilient asset class for investors looking to deliver scalable capital growth. In this blog from Raistone Vice President of Platform Sales Nimo Rijhwani, learn how you can generate revenue while maintaining flexibility by adding trade finance assets to your portfolio.
Read Now
Meet the Team: Nimo Rijhwani, Vice President of Platform Sales
As a natural connector with an appreciation for individuality, Nimo thrives on building meaningful relationships to drive growth and innovation. He brings an engaging approach to his role as Vice President of Platform Sales, focusing on understanding clients’ needs and uncovering the best path forward together.
Read Now