Tag Archive for PayPal

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How to take the uncertainty out of your business energy bills

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By Dan Matthews on Small Business – Advice and Ideas for UK Small Businesses and SMEs
Running a successful small business means ensuring you make more money than you spend, but this isn’t always an easy balance to get right. Seasonal changes in revenue and late payments can dwindle money coming in, while unexpected bills put a strain on money going out.
According to recent research by Xero and PayPal, 28% of small businesses owners describe cashflow management as a challenge, while almost the same number admit struggling to pay suppliers on time, creating a vicious circle of money arriving late.
But while an unexpected bill from your supply chain can cause sleepless nights, so too can costs you know are coming, such as your business energy bills, which are notoriously difficult to predict accurately and are too often underestimated.
This is not a problem to sniff at: for the smallest businesses, those with no employees, of which there are millions within GB, gas and electricity costs are among the biggest sources of expenditure after tax.
A question mark over costs
Figures from Smarter Business show the average small business consumes between 15,000 and 30,000 kilowatt hours (kWh) of electricity each year, equating to bills of

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Hot Business News Today

How to take the uncertainty out of your business energy bills

by  •  • 0 Comments

By Dan Matthews on Small Business – Advice and Ideas for UK Small Businesses and SMEs
Running a successful small business means ensuring you make more money than you spend, but this isn’t always an easy balance to get right. Seasonal changes in revenue and late payments can dwindle money coming in, while unexpected bills put a strain on money going out.
According to recent research by Xero and PayPal, 28% of small businesses owners describe cashflow management as a challenge, while almost the same number admit struggling to pay suppliers on time, creating a vicious circle of money arriving late.
But while an unexpected bill from your supply chain can cause sleepless nights, so too can costs you know are coming, such as your business energy bills, which are notoriously difficult to predict accurately and are too often underestimated.
This is not a problem to sniff at: for the smallest businesses, those with no employees, of which there are millions within GB, gas and electricity costs are among the biggest sources of expenditure after tax.
A question mark over costs
Figures from Smarter Business show the average small business consumes between 15,000 and 30,000 kilowatt hours (kWh) of electricity each year, equating to bills of

Read more...

Hot Business News Today

eBay launches small business loan service for its 300,000 SME sellers

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Originally written by Timothy Adler on Small Business
eBay has gone into the business of lending directly to its small business sellers, offering loans of anything betweeen £500 and £1m to SMEs.
In doing so, eBay is parking its tanks on the lawn of former subsdiary PayPal, which already offers quick loans to small business users.
PayPal has also been aggressively growing its lending business, with an outstanding loanbook of $2.7bn at the end of the first quarter.
>See also: Norah Coelho of PayPal Q&A: ‘Getting access to finance is incredibly important’
The move also puts eBay in competition with Britain’s less-well-capitalised high-street banks that target small business customers. By way of comparison, eBay’s $41bn market capitalisation is about 50 per cent higher than that of NatWest, the UK’s largest small business lender.
eBay says its same-day loan service is needed to help its 300,000 small business users bounce back quickly from the pandemic.
Nearly one third (31 per cent) of the UK’s 5.9m small businesses face going bust in under a month due to inadequate access to finance, according to research.
>See also: Qardus opens Islamic finance to small business for first time
Two in five (40 per cent) small business owners have been denied credit from banks,

Read more...

Hot Business News Today

eBay launches small business loan service for its 300,000 SME sellers

by  •  • 0 Comments

Originally written by Timothy Adler on Small Business
eBay has gone into the business of lending directly to its small business sellers, offering loans of anything betweeen £500 and £1m to SMEs.
In doing so, eBay is parking its tanks on the lawn of former subsdiary PayPal, which already offers quick loans to small business users.
PayPal has also been aggressively growing its lending business, with an outstanding loanbook of $2.7bn at the end of the first quarter.
>See also: Norah Coelho of PayPal Q&A: ‘Getting access to finance is incredibly important’
The move also puts eBay in competition with Britain’s less-well-capitalised high-street banks that target small business customers. By way of comparison, eBay’s $41bn market capitalisation is about 50 per cent higher than that of NatWest, the UK’s largest small business lender.
eBay says its same-day loan service is needed to help its 300,000 small business users bounce back quickly from the pandemic.
Nearly one third (31 per cent) of the UK’s 5.9m small businesses face going bust in under a month due to inadequate access to finance, according to research.
>See also: Qardus opens Islamic finance to small business for first time
Two in five (40 per cent) small business owners have been denied credit from banks,

Read more...

Hot Business News Today

Norah Coelho of PayPal Q&A: ‘Getting access to finance is incredibly important’

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Since 2014, PayPal has provided more than £1 billion in financing to the UK’s small businesses through its Working Capital lending programme. So far, 37,000 UK small businesses have taken PayPal up on its forward funding offer. Indeed, SME lending was up 60 per cent year-on-year. PayPal-registered businesses can borrow anything from £1,000 to £150,000
The post Norah Coelho of PayPal Q&A: ‘Getting access to finance is incredibly important’ appeared first on Small Business.

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