Just Cashflow secures invoice finance partnership with Optimum

In return, Optimum Finance will now be able to offer its customers access to Just Cashflow's range of flexible finance facilities including its revolving credit facility that operates in the same way as a traditional bank overdraft.

Optimum Finance’s CEO, Ant Persse, said: “As government led support initiatives phase out and repayments of facilities provided fall due, businesses will need support more than ever. We are passionate about supporting SMEs getting back on their feet as we emerge from this crisis, and we know we are not the only ones.

“Working collaboratively with complementary financiers that share this passion, such as Just Cashflow, is an obvious and fantastic next step. Between us we will be able to offer a suite of solutions that can support the SME community with access to much needed liquidity while still offering the choice and flexibility that so many businesses want”.

Martine Catton, chief commercial officer at Just Cashflow, commented: "Businesses emerging from a post-Covid world are going to need access to the most appropriate financial products so it's important that lenders like ourselves can provide this.

"Businesses are waiting to see if they will qualify for the latest government backed loan schemes but often fail to appreciate they can access hundreds of billions of pounds trapped in unpaid invoices.

"Our aim is to ensure that SMEs get access to the appropriate product, or combination of products, that are tailored to deal with their particular circumstances. Gone are the days when lenders can adopt a one size fits all approach. Mutually beneficial relationships like the one we have entered into with Optimum Finance are going to be needed if we are delivering on putting the customer first.

"Commercial brokers will also welcome this approach because they will find a lender is able to provide exactly what their client needs without having to involve a number of different parties."