You’ve crunched the numbers and decided you need to raise finance to get to the next stage. You’ve brushed up your latest accounts, done some projections, downloaded your bank statements and applied to your bank. But no deal. Business loan declined – come back next year. If that’s you then you’re not alone. Understanding why […]
Loan refused
Understanding Business Credit Ratings: A Guide for Business Owners
As a business owner, you are no stranger to the importance of creditworthiness. Just as individuals have personal credit scores, businesses also have their own credit ratings. Understanding business credit ratings is crucial because they can greatly impact your company’s ability to secure financing, build strong relationships with suppliers, and maintain a healthy financial standing. […]
3 ways asset finance could benefit your business this year
If you’re planning to buy new equipment or vehicles, asset finance could be a great way for your business to fund them. You could gain a competitive advantage by accessing the latest tech and equipment, while spreading the cost of the asset over it’s useful life. What’s more you should be speaking to your accountant about the […]
Why might your small business loan be rejected?
Every business needs a cash injection from time to time. It might be to make an important investment that will allow you to scale up production and increase sales, to fund an asset purchase, or to tide you over during a seasonal dip in trade. A business loan is one of the most common and […]
Getting business finance if you have a CCJ
When you’ve been issued with a CCJ (County Court Judgment), getting business finance might seem unlikely. In reality, although it might be harder it is not impossible. There are ways you can help lessen the effect of a CCJ on your business, potentially making it easier to find a lender.