Blogs
Invoice Financing vs Invoice Discounting: A Guide for UK Businesses
Invoice Financing vs Invoice Discounting: A Guide for UK Businesses For many UK businesses, managing cash flow is a constant challenge. This is particularly true for small and medium enterprises (SMEs) operating in the B2B space, where delayed invoice payments can put...
Why the Budget means Rising Interest Rates
Why the Budget means Rising Interest Rates… The Autumn Statement 2024 reflects the UK government's focus on maintaining economic stability while addressing ongoing inflation concerns. The measures outlined in the budget, combined with macroeconomic factors, contribute...
The Growth Guarantee Scheme (GGS) Explained
What is the Growth Guarantee Scheme (GGS)? In the Spring 2024 Budget, the Chancellor announced that the Recovery Loan Scheme, initially created to assist the UK's small businesses during the pandemic with government-backed loans, will be extended until 2026. This...
HMRC making taxpayers wait nearly 800 years on the phone, report finds
In 2023, British taxpayers endured an astonishing 800-year collective wait to connect with an HM Revenue & Customs representative, according to recent research by the government's spending watchdog. The National Audit Office (NAO) disclosed that HMRC left 45% of...
Fixing Your Finances: Cash Flow Solutions for Common Problems
Cash flow, the net movement of cash and cash equivalents in and out of your business, is the lifeblood that sustains your operations. Assessing cash flows is critical for evaluating a company's liquidity, operational flexibility, and overall financial performance 1....
From Bad Credit to Good: Navigating Business Loans
Introduction Running a business comes with its fair share of challenges, and one of the most significant obstacles can be obtaining financing. Many lenders, particularly traditional banks, have strict credit requirements that make it difficult for business...
Best Funding Options for Businesses in the UK
Starting and growing a business requires adequate funding. Securing the right funding can be a game-changer, fueling growth and expansion. However, with numerous funding options available, it can be overwhelming for entrepreneurs to navigate the UK funding landscape....
Secured vs. Unsecured Loans: Understanding the Difference for Business Funding
In the world of business financing, loans play a crucial role in providing the necessary funds for growth and expansion. However, not all loans are created equal. Secured and unsecured loans are two common types of business funding options, each with its own...
How do you consolidate your business debt?
From credit cards and overdrafts to loans and cash advances, business debt can come in various forms. Missing out on favorable rates can be expensive, but managing multiple costs and fees can also be time-consuming. Consequently, many business owners opt to...
How to Get a Business Loan from a Bank: Unraveling the Secrets
Understanding how to get a business loan from a bank is essential for many small business owners. If you’ve operated your business for a year and have financial records showing profitability, you stand a good chance of securing a small business loan from traditional...