In this article we take a look at the range of finance options available to small businesses who need to boost their working capital. Inside you’ll read about traditional options as well as one or two lesser known ways to fund your business.
When you’ve been issued with a CCJ (County Court Judgment), getting business finance might seem unlikely. In reality, although it might be harder it is not impossible. There are ways you can help lessen the effect of a CCJ on your business, potentially making it easier to find a lender.
The longer a business is established the more common it is that external finance has been used along the way to fund growth. Often entrepreneurs will have used a variety of finance products to get the business from A to B.
In this article we explore whether consolidating multiple smaller debts into one larger facility is a smart move.
It’s one of the hottest topics in business finance, yet for all that, there is probably more rumour and misinformation about peer to peer lending than there is on any other topic. Here we take a look at what it is, what it isn’t and why it can be such a compelling solution for both businesses seeking finance and investors looking for a lucrative opportunity.
When lenders assess a finance application, they pull data from credit reference agencies on both the business and the owners.
Credit reference agencies hold information which falls under three main headings:
With interest rates remaining low, there has never been a better time to take out a loan. Entrepreneurs and business owners can get the cash injection they need to either get their new business off the ground or take it to the next level of development, with highly affordable repayment terms.
You’ve crunched the numbers and decided you need to raise finance to get to the next stage. You’ve brushed up your latest accounts, done some projections, downloaded your bank statements and applied to your bank.
But no deal. Application rejected. Come back next year.
If that’s you then you’re not alone. Brush yourself off and try these steps to get the finance your business needs:
Ask ten small business owners to name the most important thing their business needs to do in order to thrive, and you will get ten different answers. Some will talk about innovation, some about understanding customer needs, and others about delivering a value proposition. Yet there is something more fundamental that is common to them all. And that’s getting paid.
In this article we ask Will Lovegrove, CEO of Fintech pensionsync, for his tips on staying on top of the pension red tape which is now compulsory for any business which employs staff.
Yes, it’s inevitable that businesses have to meet their tax and VAT obligations, but it is a familiar feeling for business owners in January and April when there simply isn’t enough cash in the coffers to settle their tax bill.