Matt Carey is the founder of MC Commercial Finance. He has 15-years experience in commercial finance, specialising in invoice finance.
We caught up with Matt about his views on the recent Government business support schemes, what he anticipates for the lending market in 2021 and his love of F1.
I am driven, precise and a perfectionist when it comes to most things, same for my business. My secret is my hard work, commitment and dedication to whatever I am doing. I like to set myself goals to aim for and hopefully smash them out of the park.
The Government support has been brilliant, they've assisted a lot of businesses that otherwise wouldn't be around today. It does have its downsides, especially from my side of the fence, but overall I feel it has been mostly positive.
When the support schemes come to a close at the back end of 2020 and we move into 2021, one of the stand-out products will, I believe, be invoice finance. Invoice finance will put cash back into businesses as they start trading again rather than getting more and more in debt via loans.
Breathe. There is plenty of help out there. It’s not only the Government help that is available, it’s knowing who to speak to in order to get the facilities in place. Businesses will no doubt have already experienced some bumps in the road but being in business is all about adapting and growing with the times.
In the upcoming months, I anticipate there will be very little change until the help schemes stop and all the tier system and mini lockdowns cease. The finance market will always come back, it’s just how we go about it.
Invoice finance, as previously mentioned, will be a big plus for most businesses trading B2B, as it takes away all of the pressure on credit for both debtors and creditors, which allows time for people to grow their businesses.
There are a few that I look for: reliability, speed, suitability, but the main one, especially in the current times, is flexibility. A lot of business owners are unaware of the future and having a long-term contract around their neck is and will carry on putting businesses off.
It's a very easy product to use with my clients and the business itself is just as easy to work with.
The speed in which a facility can be set up is brilliant, as are the set fees, that allow the client to see from the start the costs involved. The flexibility which the Satago team offer is excellent and that is one of the key reasons I like referring my clients to them.
I love to travel and to be outdoors when we are not being grounded by the PM. Owning a touring caravan has been brilliant for us and the three dogs, we have been able to have breaks away from the world which allows us to switch off. I also follow sports - Man Utd and F1 are my main passions - one day I would love to follow the F1 circuit and visit all the racetracks.