customer
Success stories

Accountancy firm with cash-flow needs and client funding requirements

We recently dealt with an Accountancy firm who has suffered immediate cash-flow problems as a result of the recent unprecedented global contagion. Clients who paid monthly direct debit retainers have cancelled and debtors which have been due into the firm have requested payment terms. At a time when clients need Accountancy support more than ever it is important that our client was using his time to support clients and not chasing bills!

JPM were able to arrange a quick turnaround loan, with deferred first payment allowing the firm to focus on helping clients through this trying time.

As a result of the A+ job that JPM provided and with so many clients indicating need for injection of capital right now, our Accountant client was happy to recommend JPM to a client in need and we were able to arrange a similar solution for the client within 48 hours.

Background 

We recently dealt with an Accountancy firm who has suffered immediate cash-flow problems as a result of the recent unprecedented global contagion. Clients who paid monthly direct debit retainers have cancelled and debtors which have been due into the firm have requested payment terms. At a time when clients need Accountancy support more than ever it is important that our client was using his time to support clients and not chasing bills!

The Solution

JPM were able to arrange a quick turnaround loan, with deferred first payment allowing the firm to focus on helping clients through this trying time.

As a result of the A+ job that JPM provided and with so many clients indicating need for injection of capital right now, our Accountant client was happy to recommend JPM to a client in need and we were able to arrange a similar solution for the client within 48 hours.

The Result

Not one but two clients with immediate pressure taken off them. The businesses followed our advice to move quick whilst funding remains available and have kept one step ahead of their competition by doing so.

Paul is calm, thoughtful and positive during a period where so many businesses are in panic. I am thankful for his and JPM's continued support and will continue to recommend clients in need to Paul.
Accountants - Glasgow

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