This crisis has impacted businesses in all industries all over the world, and needs strong assistance. The Government has announced new package designed to minimize the impact on UK businesses. The Government has also created a business support tool to help you discover the support available to you and your business. Jobs Support Scheme The new Jobs Support …
If your business isn’t trading yet you can still take out finance, although the business must have been incorporated in the case of a limited company or registered as a sole trader. Because you have not started trading yet you will find the number of lenders available are less than if you were already trading. …
Can I get a Business Loan if I haven’t started trading yet? Read More »
In the light of the uncertainty around Brexit, The Business Finance customers are reporting that even established, trading businesses are increasingly being turned down for finance by their own banks. When funding is available, bank interest rates are often significantly higher than they have been in the past. With access to over 100 of the …
Uncertainty around Brexit could prevent banks from lending Read More »
If your current business is struggling with working capital, there are actionable steps you can take to improve the situation. In this article, we’ll cover a few finance and fundraising options available to you. Consolidate existing Loans If you have existing finance agreements, it makes sense to consolidate these into one larger agreement. This could …
5 Ways to free up working capital in your Ecommerce business Read More »
Business Finance HSBC HSBC have confirmed they have allocated £5 billion to help businesses affected by coronavirus, and £3 billion to support importers and exporters. They are also an accredited CBILS partner. What they’re offering: Repayment holidays to free up cash within businesses. Reviewing overdrafts or trade loans to allow stock to be held for longer. …
Bridging loans are a good way to raise a lot of cash quickly. If you need quick cash flow, then a bridging loan could be a great option. These loans are used to bridge the gap between money going out and money coming back in. This type of finance is short-term only, usually between 6 …
What is tax relief? Tax relief is the amount of money your business corporation tax bill can reduce by. If your business makes a profit of £25,000 and your corporation tax rate is 20% that means that a corporation tax liability will arise of £5,000 How does tax relief with leasing reduce corporation tax? If …
In this article, we explore why high street banks no longer lend to anyone with a poor credit rating, and then give sensible affordable loan options for you. High Street Banks protecting their interest only It was not too long ago that banks were seemingly falling over themselves to offer new and current customers a …
Poor credit rating left you frustrated, with none of the banks willing to lend to you? Read More »
Asset finance is a type of loan that involves using an asset as insurance when taking out a new Finance agreement. Asset refinancing is when a pre-owned asset is sold to a lender, then leased back to the borrower. What’s the difference between asset finance and refinance? Asset refinancing is all about releasing funds from …
