The past 3 years have been incredibly turbulent for the business economy. When Covid first hit back in 2020 they were unprecedented times and nobody could have predicted the effect it would have on everyday life. In order to face up to the challenges, businesses needed to adapt to ensure that they could survive and…
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 moreValue added tax (VAT) is a charge that relates to the tax of goods or services. VAT is only charged when the business is registered for the scheme or their VAT taxable turnover is more than £85,000. This results in a 20% charge being added to items or services that are purchased or sold. Key…
read moreAcquisition finance is designed for the sole purpose of enabling one company to buy another. It provides the funds to enable growth by acquiring another business that fits in with their plans and forecasts. Fulfilling growth plans To be in a position to purchase an existing business or franchise is an incredible opportunity for fulfilling…
read moreAt some stage in the life cycle of a business it will need some help with financing, this could be to cover a shortfall, increase staff headcount, purchase new machinery / equipment or simply just to boost cashflow. One of the most popular forms of finance is a business loan, they are available for a…
read moreOne of the most common business start-up scenarios is when two professionals have experience in a specific sector, recognise that they each have a talent that can complement the other and then decide to start-up a new partnership. With hard work they make it a success, employ staff and have a very profitable business. However,…
read moreBridging finance is a type of short-term loan. It is often associated with property development but is actually a diverse solution for bridging any type of financial gap. It has multiple uses where business funding is needed for around 12 to 18 months before a more longer-term solution can be made available. The key difference…
read moreThe last Government backed funding initiative which was brought in to aid the recovery of businesses during COVID-19 will be coming to an end on 30th June 2022. The Recovery Loan Scheme (RLS) was created to support businesses of any size, who have been affected by the pandemic and need some financial help either through…
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