When choosing business finance, one of the biggest decisions is whether to opt for a fixed-rate or variable-rate loan. Each option has its pros and cons, and the right choice depends on a business’s financial situation, risk tolerance, and market conditions. Fixed rate loans - stability and predictability A fixed-rate loan has a set interest…
read moreInterest rates are a pivotal component of the UK's economic framework, directly influencing the cost of borrowing for businesses. Understanding how these rates affect business loans is essential for companies aiming to manage their finances effectively. The Bank of England sets the base interest rate, which serves as a benchmark for lending and borrowing costs…
read moreEffective budgeting is an important factor for any business. However, it is easy to fall into common budgeting traps which can stifle growth. Understanding these mistakes and being able to address them is key to ongoing business success. One of the most important tools at a company’s disposal is accessing business finance, which can provide…
read moreCompleting a business financial review will involve an in-depth examination of a company’s financial standing, exploring areas such as income statements, balance sheets, cash flow and key performance indicators. Conducting regular reviews is an essential business strategy for decision making, identifying growth potentials, mitigating risks and achieving long term plans. There are several factors that…
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