A guide to personal and business loan quotes
Business and personal loan quotes allow you to compare loans from different lenders at a glance. Personal loan quotes for fixed and variable rate personal loans are available from a handful of comparison websites. You’ll be expected to provide some basic information in order to retrieve your quotes, such as the type of loan you require, how much you’d like to borrow and the duration of the loan, e.g. five years.
14 Dec 2020
5 ways to improve your business credit rating
The solvency of your business, how up-to-date your business accounts are and how quickly you pay suppliers are all factors that can contribute towards your business credit score. Finance lenders check this information when you apply for a loan to understand the level of risk involved in lending to your business.
15 Dec 2020
Some undertakings in difficulty to benefit from the CBILS
More small businesses are set to benefit from the Coronavirus Business Interruption Loan Scheme (CBILS) after UK Government and industry lobbying led to recent changes to state aid rules.
15 Dec 2020
A guide to business loans for small businesses
However large or small, every business needs adequate cash flow to operate well. Business loans for small businesses can provide companies with the financial help they need in a flexible format. This article looks at the most common types of small business loans and what they’re typically used for.
15 Dec 2020
Business acquisition – what you need to know
Business acquisitions can play a large role in the success and growth of companies. SMEs use acquisitions to bolster their market presence and acquisitions aren’t a rarity in the corporate world either. Alphabet – Google’s parent company – had reportedly acquired over 200 companies by 2016. But what is a business acquisition and how do they work?
15 Dec 2020
What is the Self-Employed Income Support Scheme (SEISS)?
If you’re self-employed or a member of a partnership and your work has been adversely affected by COVID-19, you could be eligible to claim a grant through the UK government’s Self-Employment Income Support Scheme. *UPDATE*:You may be eligible to claim a third grant worth of 80% paid out in a single instalment covering 3 months’ worth of profits, and capped at £7,500 in total. You must make your claim on or before 29 January 2021.
15 Dec 2020
Key tax dates and deadlines 2020
There are several key tax deadlines throughout the year to be aware of. In order to keep on top of your accounting duties and avoid any pesky penalties, be sure to put the following key dates in your diary. IMPORTANT UPDATE: Due to coronavirus, you may be able to delay (defer) some tax payments without paying a penalty. For the latest information on this, visit gov.co.uk. (If in doubt, always ask a qualified accountant.)
15 Dec 2020
5 Things to Know about Coronavirus Business Interruption Loan Scheme
The Coronavirus Business Interruption Loan Scheme (CBILS for short) provided SMEs experiencing revenue loss and cash flow disruption due to the COVID-19 pandemic with access to financial support of up to £5 million. Whilst the scheme is now closed, it was part of the UK government’s wider temporary and targeted support for businesses package and was administered through loans, overdrafts, invoice finance and asset finance. There is still support available for larger companies via the COVID-19 Corporate Financing Facility. Through this scheme, the Bank of England will buy short term debt from larger firms that are experiencing a short-term funding squeeze, enabling them to finance their short term liabilities.
14 Dec 2020
The ultimate guide to working capital
A steady flow of working capital is vital for any business hoping to achieve long-term success. A company can have significant assets and profitability, yet find themselves unable to survive due to lack of working capital. This guide is for business owners interested in finding out more about working capital and how to calculate it, as well as those searching for sustainable practices that will help them optimise their flow of working capital.
15 Dec 2020
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