How you can shore up cash flow during the outbreak
Following the government’s announcement of support for the self-employed you may find that, as a barrister, you would not be eligible for the support measures as set out for sole-traders.
The government has pledged to support the self-employed with grants of up to 80% of average monthly profits up to a value of £2500 per month and only for those earning no more than £50k per annum.
Nearly all barristers will not meet this criteria and if you’re worried about cash flow, cases being delayed, or fear you may be impacted by non-payment of invoices, we can support you with Aged Debtors funding and Working Capital loans.
Aged Debtors funding:
By funding Aged Debtors with Acorn you can take the pressure off cash flow while navigating this tricky period.
• 3 to 36 – month term
• Quick acceptances
• No charge imposed by lender over outstanding invoices
• E-sign docs
• Same day payout
Working Capital loans:
Sometimes barristers need a helping hand when it comes to cash flow and we offer working capital loans to do just this, providing the funds you need to keep on track.
• Straightforward and easy to arrange
• Revolving facilities if required
• Maximum 60-month term
• E-sign docs
• Same day payout