100% SFGS Bad Debt Rate has increased to 15.6%: How to manage cash flow?

Discover the latest trends with Everpro’s guidance. 

In today's rapidly changing business environment, foreseeing company cash flow liquidity issues is crucial. According to recent reports, the bad debt rate of Hong Kong's 100% guaranteed loan scheme (100% SFGS) has increased to 15.6%, with over two thousand cases revealing fraud after loan disbursement. These figures highlight the challenges businesses face in managing cash flow. 

How to foresee company cash flow liquidity issues? 

1. Regular Financial Analysis: Conduct regular reviews of financial statements to understand the company's cash flow status and identify potential issues promptly. 

2. Forecast Future Cash Flow: Utilize cash flow forecasting tools to predict future cash flows based on historical data and market trends. 

3. Establish Contingency Plans: Develop contingency plans to address sudden cash flow problems, ensuring uninterrupted company operations. 

4. Strengthen Internal Controls: Improve internal control systems to prevent fraudulent activities and safeguard company funds. 

   
   

Stay connected with Everpro for more insights and industry news. 

Feel free to reach out to Everpro for expert guidance and recommendations on managing your company's cash flow effectively.