Spot the tell-tale signs that your business is experiencing serious cash flow problems requiring immediate access to cash through a bridging loan. Late payment of supplier invoices When you don’t pay your supplier on time, they may claim interest and debt recovery costs from you. So, whenever your business starts paying late for goods or a service, or always exceeds the 60-day period for business transactions, it may be time to look for the right financing. The supplier may charge an interest which could be up to 8% or more plus a base rate, or as stated in the contract. … Continue reading 5 Signs You Need a Bridging Loan ASAP