Berkshire, United Kingdom, February 14, 2017 --(PR.com
)-- Konnect Financial has added a new product to its catalog called as Working Capital Loan which aims to support the daily cash flow issue in a company. According to the CEO of the company, there are several instances when the funds are required only for a short duration of time as the pending invoices or delayed payment would get cleared shortly. In such a case, the working capital loan comes into action and lets the business owner secure the order or the investment without worrying about the short-term cash flow problem.
The Marketing Head of the company shared a real example where a startup had created a unique product which immediately grabbed several orders in the market. For the initial few orders, the company had the capacity to manufacture and deliver however since the clients were busy in their festive sales, the invoice payments for the startup company got delayed. Since the salary day was coming nearby and the company wanted to pay the employee’s salary on time so as to have smooth operations in the company, they approached Konnect Financials on the second day of the launch of the Working Capital Loan. The company could pay their employees' wages on time and is working well on executing the pending orders.
As per the CEO of the company, the launch of working capital loans
is based on the research which states that it’s the Small and Medium Scale Enterprises that face the daily cash flow issues from time to time. Further, the study also revealed that if the capital borrowing opportunity is allowed for the Small and Medium Scale Enterprises, the turnover of the company can increase by 15.7% on an average. As stated by the CEO, the majority of consumers for Konnect Financial, therefore, would be the small and medium scale enterprises and the company has trained their sales executive to reach out to these businesses and educate them about the product.
On asking about the existence of similar products already available with the bank, the Sales Head of the company explained that there is no second thought that the banks do have a similar product in their portfolio, however, the volume of assets demanded by the bank as a security towards the loan is quite high. On the contrary, it can be easily availed from Konnect Financial with minimum paperwork.
The Enterprises can get in touch with Konnect Financial’s sale team by directly calling them or by sending them an email.