Tag Archive for Business loans

SMEs don’t understand personal guarantee in business loans

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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Can I get a business loan with bad credit?

Having a poor credit history can often get in the way of successful applications for business loans, particularly if you’re applying via traditional routes such as major banks. If a bad credit file is working against you, there are a few things that can be done though — and it’s often possible to get a
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