As small businesses continue to apply for fewer loans through high street banks, alternative lenders are having their moment. That’s because the British Business Bank (BBB) has now extended their existing partnership with alternative loans platform Funding Circle and has committed up to £150 million in new lending for UK small businesses. The transaction is made
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Tag Archive for Business loans
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Match funding: a strategic way to use award win money
by charliepaton • • 0 Comments
Winning an enterprise award can be a turning point for small businesses. It provides you with the recognition that you will need to open up further opportunities and a cash injection that can lead to further growth. It’s an exciting time. However, there can be many options on how to spend your money or in-kind
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Five top tips for those seeking a business loan
by Anna Jordan • • 0 Comments
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How loans websites can get GDPR ready
by Ben Lobel • • 0 Comments
UK business owners, websites and organisations will have to start adhering to the requirements of the EU General Data Protection Regulation (GDPR) that officially come into force on May 25th 2018. GDPR is designed to increase data privacy laws across Europe (as while the UK is leaving the EU, it still adopts incoming EU legislation
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Consider secured loans like logbook loans and homeowner loans
by Owen Gough • • 0 Comments
Unless you’re a Rockefeller, chances are that you need money. We all do. The easiest way to get it is to apply for a loan, but do you know what kind of loans would best suit your interests? Depending on how much money you need and what your financial history looks like, your best bet
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Make smart use of personal loans to expand your business
by Owen Gough • • 0 Comments
If you’ve ever had personal loans, you know they can be very useful tools for personal use, whether you’re paying off an old debt, covering a large purchase, or just going on an impromptu shopping spree. But can they be used to help expand your business? Take a look at what you can do with
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Small business loans: A guide to the debt finance marketplace
by Ben Lobel • • 0 Comments
Making sense of the huge number of debt finance options and small business loans available to small business owners can feel a bit daunting, however it’s not that tricky if you prepare properly and ask yourself a few basic questions beforehand. A well-reasoned plan that is credible and preferably endorsed by a reputable external source
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What is the true cost to SMEs of business loans
by Owen Gough • • 0 Comments
In light of recent news that small businesses are turning to alternative lenders for their finance, Fleximize has launched a new tool to help UK SMEs get the fairest deal on their business finance loans. The company’s rate comparison tool allows businesses to instantly compare business loans quotes that are based on a range of different
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How to get approved for a small business loan
by Ben Lobel • • 0 Comments
So, you’ve decided to apply for a business loan. However, before jumping in and filling out that application, you need to ensure you’ve got the best possible chance of being approved for funding. Here are a few tips on how to get that all-important ‘yes’ from your chosen lender. Know your business backwards Whether you’re
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SMEs don’t understand personal guarantee in business loans
by Owen Gough • • 0 Comments
SMEs are signing up to livelihood threatening loan conditions, ignorantly, a report exposes today. The research by Wirefund, an SME loan provider, reveals that the majority of SME owners have no idea what a personal guarantee is, despite it being a requirement from banks and many alternative finance providers when lending to businesses. Wirefund asked
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