A 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 moreTrying to secure business finance can be overwhelming. Times have changed and no longer is the first call to your business bank manager, instead it should be to a finance broker. Here are a few reasons why this is the case: Finance experts – a finance broker has a wealth of industry knowledge and experience;…
read moreThe 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 moreWhen a business decides that they need some additional funding the biggest headache they can face is sourcing the best option. It can often be confusing and difficult to understand which the right solution for their business. Which is the best route to go down? This is why a finance broker can be so important.…
read moreTraditionally, if you were looking for some form of business finance, your first steps would be to contact your Bank Manager. Since the Coronavirus Business Interruption Loan Scheme (CBILS) was first launched many businesses have opted to go down this conventional route and have spoken to their Bank in the first instance. This process has,…
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