Just Cash Flow PLC claims to be Europe's first alternative lender to offer a banking card for business finance.
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div>Just Cash Flow PLC claims to be Europe’s first alternative lender to offer a banking card for business finance.
The prepaid BusinessPlus MasterCard will provide businesses with up to £10,000 credit and flexible repayments.
John Davies, Director at Just Cashflow, said: "Today it's not enough to simply provide SMEs with much needed funds, they need quick and effective access to really help them manage their day to day transactions and cash flow.
“Cheques are rapidly becoming a thing of the past and our customers tell us what they really need is the ability to use the finance facility we provide at the point of sale."
Just Cashflow said the product would help SMEs who found it difficult to get a card from the mainstream banks, where some even resorted to using personal cards.
John added: "We are anticipating strong demand for the card as even when SMEs are provided with finance is it is difficult to get a business card as traditional banks want to see at least two year's trading history.
“Many business owners use their personal credit cards to cover any cash shortfalls.
“However, mixing up your personal and business finances can lead to all sorts of complications, especially when trying to get an accurate picture of how the business is performing and when you come to file your end of year accounts and tax returns.”
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