Is There A Benefit In A Lower...

If your business is seeking finance over the medium to long term perhaps to purchase new premises then is their any advantage in contributing more of the business’s funds to the purchase resulting in a lower level of borrowing being requested? In short, the answer may be ‘yes”. When you approach your bank or other […]

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Large Fall In Bridging Advances In Q2

It will probably not come as a surprise to read that the amount of new money lent by way of bridging loans in the second quarter of 2020 fell significantly when compared with the first quarter of this year. One of the reasons for this will no doubt be due to COVID-19 that may also […]

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When Is A Business Overdraft Facility Cheaper...

As a general rule, the interest rate charged by a bank or building society for a business overdraft is higher than for a business loan. Therefore, you probably think that you will end up paying more interest on an overdraft facility than a loan. Well, this is not always the case but why? Let us […]

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Residential Mortgage Lending Statistics Make For Interesting...

The Financial Conduct Authority (FCA) has produced some statistics relating to residential mortgage lending. Below we provide some of the information that we thought you may find of interest. At the end of the first quarter of 2020, the outstanding amount of residential mortgages stood at £1,509 billion. This figure was 3.9% more than at […]

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UK Businesses Borrow Record Amount In March

According to the Bank Of England’s Money and Credit – March 2020 document that it published on the 1st May 2020, a record amount was advanced in the form of bank loans in March 2020 to UK businesses. The amount of new lending by way of bank loans totalled £34.1 billion. This is a dramatic […]

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Coronavirus Business Interruption Loan Scheme (CBILS) For...

Due to the coronavirus pandemic, there are no doubt many businesses including small and medium sized businesses in the UK that have been adversely affected from a financial perspective. As a result, in order to assist qualifying businesses, the government has introduced the Coronavirus Business Interruption Loan Scheme (CBILS). More information can be found on […]

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What Impact Will The Fall In The...

You will no doubt be aware that the Bank Of England recently lowered the Base Rate by 0.5% to 0.25% to help businesses and individuals affected by the coronavirus that has caused havoc in many countries both in Europe and worldwide. So, how will this drop in the interest rate help? Well, if you are […]

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What Happened To Bridging Finance In 2019?

According to the most recent Bridging Trends infographic, gross bridging lending in 2019 by the contributing lender and contributing packagers totalled £732.7 million with this being a reduction of £34.2 million when compared with 2018. Whilst this news will come as a disappointment to some, in reality, it could be argued that it is only […]

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What Is Subprime Business Finance?

If your business has had to deal with a problematic period of trading in the last few years and got into financial difficulty such as exceeding its overdraft facility with the bank, not being able to maintain its loan repayments or pay its suppliers on time then it may have some adverse credit data recorded […]

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Growth Rate Of SME Borrowing Falls In...

According to statistics produced by the Bank of England contained in its Money and Credit – October 2019 report that was published on the 29th November 2019, the borrowing growth rate to SMEs dropped to 1%. It is also worth noting that, for the same period – October 2019, the borrowing growth rate for large […]

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Why Provide Security For A Business Loan?

If you are going to apply for a business loan then one of the considerations is whether you wish to borrow the funds on a secured or unsecured basis. Having said that, it is the lender that will decide if it requires one or more forms of security. There are many lenders that will insist […]

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