Funding Options Blog

The growth hub for small and independent businesses

Chancellor sets out ambitious plans to boost UK Fintechs

The Chancellor has announced today, 19 April 2021, ambitious new plans to help fintechs scale up and ensure the UK remains at the cutting edge of digitalising finance.

Apr 18, 2021

5 common myths about Open Banking

It's natural for business owners to worry about adopting new technologies into the day-to-day running of their business. So its unsuprising that many SMEs share the same concerns about the concept of Open Banking. Often, the benefits of Open Banking technology are overshadowed by unfounded myths. Did you know it can actually help business owners access finance faster, more efficiently and allow you to manage your money better. In the first article of our two part series, we’ll help you get to grips with what Open Banking means and dispel some of the myths around it. Keep an eye out for our next instalment, which will focus on Open Accounting.

Apr 18, 2021

Build a digital future by adding funding to your advisory proposition

Gaining access to funding can be challenging for SMEs, especially those with a short trading history, lack of security or less-than-perfect credit history. Fortunately, alternative finance provisions are changing the narrative. Find out why now’s the perfect time for your accountancy firm to adopt the role of funding advisor for your clients.

Apr 14, 2021

How to secure business finance ahead of the stage 3 lockdown easing

April 12 – the date that stage 2 of the lockdown roadmap comes into play – is when non-essential shops can reopen and resume trading in person. Pubs can serve customers seated outdoors and haircuts can finally resume. Businesses have been working around the clock to get ready, and many are now looking ahead to how they can prepare for stage 3.

Apr 8, 2021

Starling Bank joins Funding Options’ lending panel to support SME recovery

Fresh from securing ‘unicorn’ status, the digital bank’s partnership with the UK’s leading business finance marketplace will help independent businesses access vital loans faster.

Apr 7, 2021

Recovery and growth for your SME clients - The Recovery Loan Scheme vs. Alt-Fi products

The Recovery Loan Scheme (RLS) launched on 6 April 2021. Designed as a follow-up to the CBILS, CLBILS and BBLS, which all closed on 31 March, it provides businesses with access to the finance they need during the nation’s post-lockdown period of recovery.

Apr 7, 2021

The Women in Fintech series: In conversation with Bryony Morse

Bryony has become Funding Options’ Senior Finance Specialist despite once believing she "wouldn’t be successful in Finance".

Apr 6, 2021

What happens if I don’t have any funding options available to me?

It’s not uncommon for a business to apply for a loan only to find out they’re not eligible. If you’re facing this predicament, the good news is there are things you can do to make it easier to get business finance now or in the not-too-distant future.

Mar 29, 2021

Recovery Loan Scheme (RLS) vs. AltFi products – how do they compare?

The CBILS, CLBILS and BBLS all came to an end on 31 March 2021. Launching on 6 April, The Recovery Loan Scheme (RLS) is the much anticipated replacement. But is it the best option on the lending market, and how does it compare to the other alt-fi products out there?

Mar 29, 2021

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