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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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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Almost A Third Of SMEs Provided A...

A significant number of SMEs require business finance to help support the business in some way. Whether it be a business loan to help fund the purchase of premises or an overdraft facility for working capital purposes perhaps to be used to purchase additional stock leading up to Christmas. On occasions, the bank or other […]

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Minimal Drop In Gross Bridging Lending In...

According to the latest Bridging Trends infographic produced covering the third quarter of 2019 there has been a small reduction in the amount of gross bridging lending here in the UK. In Q3 the figure was £181.64 million whereas in the previous quarter it was £184.82 million. This is a drop of £3.18 million. The […]

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Positivity Amongst Commercial Mortgage Brokers

Shawbrook Bank’s Broker Barometer has revealed a lot of positivity amongst commercial mortgage brokers here in the UK about 2020. It could be argued that this sort of news bodes well for businesses seeking finance whether it is by way of a commercial mortgage or some other form of funding such as a business loan. […]

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On-Premise & Cloud-Based Contact Centre Solutions: the...

If you’re on the hunt for the best contact centre solution for your company, you’ll need to do a cost-benefit analysis of the options. To help you with that, we’re going to weigh up the costs associated with both on-premise and cloud-based solutions. Installation Costs When it comes to installing an on-premise solution, it can be […]

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Business Finance Review – Highlights

UK Finance has produced a Business Finance Review covering the first quarter of 2019 that makes for interesting reading. You can read the full document on their website but we thought you may find some of the highlights of interest which we mention below. There are in the region of 4.5 million small and medium […]

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What Is A Retirement Interest Only Mortgage?

A retirement interest only mortgage is available for older people and enables you to continue to live in your home and only pay the interest each month rather than also repay the capital thus keeping your repayments at an affordable level. Many interest only mortgage borrowers have experienced financial constraints in recent years resulting in […]

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