Operating in the gym and leisure sector relies on fitness enthusiasts who are committed to visit on a regular basis; weekly as a minimum but daily as an optimum. However, members will only become valuable assets to the business if they feel valued and are provided with an environment in which they feel comfortable. People…
read moreThere are many terms used in the world of business finance, so here is our A-to-Z list to help you navigate your way: Asset Finance – a funding solution used to purchase business assets. Business Loan – another finance agreement used to purchase items for the business. Cashflow – the level of cash a business…
read moreA management buyout (or MBO in its abbreviated form) is an important step for a business when the existing owners or shareholders decide to release full control and ownership to the management team. The most common reason for an MBO is a change in financial circumstances and rather than putting the business up for sale…
read moreThere are some simple steps that a business can take in order to put themselves in the very best position of securing funding. It is not just about demonstrating how successful you have been, a lender will want to be presented with a strong business case to ensure they are 100% confident that everyone involved…
read moreAsset finance enables a business to secure lending for working capital, using the assets owned by the business as the security to enable the funding to be provided. A typical business loan application process can be quite in-depth and require lots of business planning and projections. An asset finance application however is typically a much…
read moreCraft distillery is a booming business sector, estimated to be worth in excess of £1.2 billion. It is therefore hardly surprising that so many businesses in this sector are looking to fulfil growth plans for the new financial year. The demand for craft beer has grown rapidly over recent years. Initially developed for the festival…
read moreWe all know first-hand how the cost of living has increased substantially in recent months and how this in turn has had an impact on the expenses that small businesses face. Key factors that have had a major influence on these rises are: An increase in inflation, which puts demands on employees and a potential…
read moreStatistics collected by the Government in 2022 show that the SME sector accounts for 99.9% of the business population. If we break this down there are 5.5 million private sector businesses, 1.4 million employ staff and 4.1 million have no employees. Analysing further 5.47 million fit in to the small business category (0 to 49…
read moreCommercial finance is a term that covers a multitude of business finance products which can include both short and long-term solutions. Here are some of the most common options available in greater detail. Commercial loans A commercial or business loan provides an agreement of funding between a company and a lender. It allows a business…
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