Monthly Archives: May 2021

8 Work From Home Jobs Where You Can Make $20 per Hour

Working from home can save you lots of money when it comes to your commute, as well as those tempting stops to get coffee on your way to work. However, this doesn’t mean that you have to settle for a low-paying remote job either.  There are several work from home jobs that pay well over […]

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What are the funding options for hospitality businesses?

Originally written by fundingoptions on Small Business
Following a lengthy period of unprecedented disruption, hospitality businesses across the UK are once again gearing up for growth. So, what financial options are out there today?
Meeting hospitality business’ cash flow needs
If you run a hospitality business, you may be in need of a cash flow boost to help you grow your business post lockdown or to adapt your premises for customers.
Whatever your circumstances, there are a few funding options to choose from.
Examples of what you can use business funding for:

Hire new employees
Purchase more stock or inventory
Purchase new equipment (e.g. refrigeration equipment) machinery or vehicles
A refurbishment of your premises
A gap in funding

The days of having to rely on your high-street business bank for finance are long gone.
Alternative (or non-bank) lenders have been funding businesses of all shapes and sizes for years. In addition to this, the Recovery Loan Scheme (RLS), the newest iteration of government supported lending has recently gone live and will enable many more businesses to get the vital funding they need.
Here are a few examples of business finance types that could help you boost your venue’s cash flow as we continue to emerge from the lockdown.
1. Unsecured loans
Unsecured loans are available

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Swap Bounce Back debt for employee equity, say industry experts

Originally written by Anna Jordan on Small Business
Industry leaders suggest giving struggling companies the option to convert emergency Bounce Back Loans into employee equity stakes to aid businesses recovery.
The Federation of Small Business (FSB) and Ownership at Work are today launching ‘A Shares for Debt Recovery Plan’. This outlines routes through which Bounce Back Loans could be converted into Employee Ownership Trusts to ensure the survival of businesses and help close the UK’s productivity gap.
The groups want to grant small businesses a time-limited amnesty under which Bounce Back Loans would be written off in exchange for all-employee equity stakes vested in EOTs – a vehicle defined by Schedule 37 of the 2014 Finance Act. The private lenders writing the Bounce Back lenders would write off and claim their 100 per cent guarantees in these instances.
The option would initially be open to borrowers who are constituted as companies by limited shares. It could be rolled out to other businesses at a later date.
The groups argue that providing this option to firms would have the dual effect of protecting viable businesses and jobs while spurring productivity. In 2018, the Employee Ownership Association highlighted the benefits of EOTs, especially where productivity is concerned,

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