Since the end of 2020 there has been huge popularity in staycations. A staycation can be a holiday which is taken in the same country that you live or simply staying at home and taking day trips to local attractions. The UK has some fabulous destinations for a holiday whether it is experiencing the vast…
read moreAs many business owners are finalising their accounting for year end it is interesting to note how many forget about capital allowances. A capital allowance is a based on an item which provides benefits for successfully trading and where the cost of the item is not deductible from trading profits, meaning that there is a…
read moreReceivables finance enables a business to access cash immediately even though invoices remain unpaid. The unpaid invoice, also known as accounts receivable, is considered an asset and can be used to broker a deal for finance. A relationship is established with a company specialising in receivables finance (bank, factoring company or alternative lender), they take…
read morePurchase order finance is typically used by businesses that operate a buying and selling model. It is very similar to
read moreStock finance has been designed to enable companies to secure business finance against their working capital or goods. In essence, a business that holds stock can extract its value and then secure funding to purchase extra stock or facilitate new growth initiatives. Stock finance can also be known as inventory finance and is an asset-based…
read moreA letter of credit is a document that forms a relationship between a lender, a customer requiring funding and a supplier. When a letter of credit is issued it acts as a guarantee that the supplier will be paid once all the conditions specified within the document have been met. Typically, a letter of credit…
read moreThere are certain times when a business will need finance and one of the conditions of the funding is that a Director will be required to offer a personal guarantee to act as the security for the debt being secured. When the Director acts as the guarantor typically they will be putting up their personal…
read moreThe time between Christmas and New Year can be very important for a business owner, they are relaxed due to the holidays, have had a good break and are fully invigorated to hit the ground running and ensure the start to 2024 is a profitable one. This will typically be the time when growth plans…
read moreBusiness finance can encompass a broad spectrum of funding solutions. It covers areas such as secured loans, unsecured loans, asset finance, invoice factoring, commercial mortgages and acquisition finance. All are very different in their own right and have been designed to suit specific business needs. Throughout the past 12 months there have been 5 very…
read moreIn our last blog post we wrote about the opportunity of being pre-approved for a £50K business loan. There are currently some excellent funding solutions available. The most important factor for a successful process though is the application. A lender will want to be presented with a strong business case as well as good financial…
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