Just Cash Flow business finance review August 2019

Founded in 2013, Just Cash Flow is a specialist direct lender (not a broker) to UK-based limited companies and LLPs. It offers loans of £10,000 to £500,000, which can be repaid either in monthly repayments or through a revolving credit facility – where you borrow what you need as and when you need it, and only pay interest on that amount.

Just Cash Flow loan customers can take advantage of repayment holidays, extended terms and repeat loans. While this makes it a flexible way to borrow money, it could become easy for a small business to take on repeat credit when it wouldn’t otherwise do so.

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Key features of Just Cash Flow business finance

• Borrow £10,000 to £500,000. Your loan amount will depend on your creditworthiness and business performance.
• Revolving credit or fixed monthly repayments. Choose a repayment method that suits your business.
• Fast decision. Just Cash Flow aims to make a decision on your loan within three working days of your application and supporting documents being received.
• No early repayment fees. You can repay early without penalty and potentially pay less interest.
• No online account management at the time of writing. With no online account portal, you need to call Just Cash Flow to check your balance or repayment schedule.

The interest rate you are offered will depend on factors like the credit history of your company, and the loan amount and term you apply for. It may differ from the advertised APR.

Loan options

Just Cash Flow offers three distinct business loan options:

• Revolving credit facility. This is for UK businesses and sole traders that forecast ongoing growth for their business. It works in the same way as a bank overdraft, with interest charged daily only on the amount of credit you are using.
• Business Accelerator. This is aimed at businesses in the early stages, or those that have obtained new contracts and need funds to fulfil them. You can borrow from £10,000 to £500,000, over an “initial” maximum term of 12 months. With the option for the first payment to be deferred by 90 days, this loan could allow you to budget for big purchases such as small plant and machinery. There is an option to renew, extend or increase your loan at the end of the initial term.
• Business Builder. This works in the same way as a traditional bank loan, with the aim of allowing growing companies to smooth out peaks and troughs in their finances. You can borrow £10,000 to £500,000 over 12 to 24 months, with interest charged monthly.

Am I eligible for a Just Cash Flow business loan?

You should only apply for Just Cash Flow business finance if you’re certain your company can meet the repayment terms. You must also:

• Be aged 18 or over.
• Be a sole trader, director or partner.
• Have a UK business and require the loan for business use.
• Be currently trading.
• Have sufficient revenue income to cover interest repayments.
• Have online access to your main business current account.

How can I apply?

You can apply for a callback in just a few minutes using the online contact form. You will be asked to fill in a few simple details about yourself and your business, along with a brief outline of your funding needs. A Just Cash Flow advisor will then call you to talk through your application in more detail. You are likely to be asked for management accounts, cash flow forecasts and filed accounts for the business.

Frequently asked questions

• How do applications get approved?

  A customer account manager will review the cash flow projections and management accounts for your business. They may contact you again to discuss your application in more detail. You will then receive an email within a few days to say whether your application was successful or not. If approved, the requested funds will be released.

• How long does the application process take?

  Just Cash Flow aims to make a decision within three working days, subject to you providing all the required information.

• Are there any early repayment charges?

  No, early repayments can be made to your account at any time without any penalty. This is recommended, if you can afford to, as it can reduce the amount of interest you incur.

• How do I apply for a payment holiday or more funds?

  You will need to contact a dedicated underwriting director by phone or email. At the time of writing there is no online account management system with Just Cash Flow. You should decide if this suits the way you manage your business before you agree to a loan.

Chris Lilly

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Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.