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The firms who should be worried are the ones which are leveraged whether to the bank, Doorway, doorstep or anyone else! When I set up my firm in 2008 there was no lending anywhere. The only way to finance the firm was through self finance which in real terms meant extreme prudence, low overheads (including drawings). This resulted in slow growth. There were times when I cast envious glances at other firms who borrowed, grew quickly and then collapsed just as fast! But I am still here. I owe nothing and fund everything, including disbursements, from cash flow and if everything hits the fan in April 2019 as promised then at least I will have some run off and cash coming in rather than having to pay it to a third party. I treat all such lenders with contempt and if you can avoid them, then my advice would be to do so.

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