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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Bank of England’s April Lending Statistics Make...

On a regular basis, the Bank of England produces various lending statistics so we thought that you would find it interesting if we shared some of the data with you. If you would like more detailed information it can be found on the above bank’s website. Loans to SMEs in April 2019 rose by £0.2 […]

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The Benefits Of A Business Mentor

If you are considering setting up a new business for the first time then you may welcome some advice. Yes, you can talk to your family and friends but will they give you an unbiased opinion about a range of topics? An experienced business mentor certainly will. Business mentors are available from a variety of […]

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PayPal Has Lent $10 Billion to Small...

Apparently, PayPal has lent $10 billion to a number of small businesses in a variety of countries around the world over around the last five years. This includes this type of business here in the UK. In that timescale, PayPal has financially supported over 225,000 small businesses by providing over 650,000 loans in certain countries […]

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The Impact On SMEs Of Being Paid...

If you are the owner of an SME who has experienced cash flow problems putting pressure on your business overdraft facility then the following statistics may not come as a surprise to you. The research that resulted in the production of the data was undertaken by Bacs Payment Scheme Limited (Bacs) and it makes for […]

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Mortgage Approvals Increase

According to data published by the Building Societies Association (BSA), the number of all mortgages approved here in the UK for March 2019 increased when compared with the same month last year. This is positive news for this lending sector and let us hope that this continues throughout the remainder of 2019 and beyond. It […]

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Q1 2019 Sees Drop In Bridging Loan...

According to the Bridging Trends infographic produced for the first quarter of 2019, there has been a fall in the total gross amount of lending by way of bridging advances in the first quarter of 2019 when compared with the last quarter of 2018. The Bridging Trends document is produced using data provided by the […]

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Outstanding Lending To SMEs Drops In February

You may be interested to read that, according to data published by the Bank of England, there was a slight fall in the total amount of outstanding bank lending to Small and Medium Sized Businesses (SMEs) in the month of February 2019. Such lending dropped by a modest £0.1 billion in February 2019 to an […]

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Where Can You Get An Overdraft Facility?

If your business requires an overdraft facility to assist with its cash flow then where can you obtain this form of finance? Well, the most common place is through your existing bank where you maintain your business current account. The reason why most businesses choose this source of finance is from a convenience point of […]

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The Benefits Of Using A Broker To...

So many business owners look no further than their existing bank to apply for a business loan. Is this the best thing to do? Well, how do you know if your bank is actually offering you a competitive lending package? If you don’t shop around then surely you don’t know. If you were to have […]

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What Is The Timescale To Arrange A...

If you need a business loan to help fund the expansion of your business then it is quite possible that you will want to lay your hands on the money fairly quickly. So, how long does it take to complete on such borrowing? Well, it could take 2 or 3 days but it could also […]

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