Funding Options Blog
Home of our blog articles on topics that will inform and educate entrepreneurs on topics such as lending, green finance, tax and financial matters.
Setting up a business bank account
Setting up a business bank account isn’t a complicated process. Some banks might still insist that you present the necessary documents face-to-face before opening an account. However, opening a business account nowadays can generally be completed online. Over recent years, many new niche banks have arrived in the business banking space, and they exist to serve business only; they offer no personal banking services. Most of these modern fintech business banks can approve your account in minutes if you supply all the relevant documentation and further details. Once your business account gets approved, you can set up direct debits, standing orders, and apply for loans, business credit cards, and overdrafts or alternatives. You can apply for extra debit cards for your staff and manage all your business account affairs online.
25 Jan 2022
Key tax dates and deadlines for 2022
For many, the beginning of a new year is a time for setting goals and getting organised. To help, we’ve put together a list of important tax-related dates to keep in mind throughout the year. Be sure to prepare for them in advance to avoid any unnecessary penalties.
24 Jan 2022
How to raise funds to start a restaurant
Starting a restaurant business isn’t for the faint-hearted or uncommitted. On paper, it looks easy - find the premises, give the place a fresh lick of paint (you can roll your sleeves up too) and get new flooring. Then buy a new cooking range, plates, pots, pans, utensils, cutlery and uniforms. Hire a mix of permanent and part-time staff, place a few local ads, create a buzz on social media, and voila! You’re good to go. If only it were that easy.
18 Jan 2022
How can UK businesses mitigate rising inflation?
The Consumer Prices Index (CPI) tracks inflation – i.e. how much prices rise over time – on everyday products. In December 2021, the headline rate of inflation in the UK rose to 5.1%: the highest rate in a decade. What does this mean for businesses?
12 Jan 2022
How can small businesses raise capital?
Small Businesses are the lifeblood of many high streets. Our towns and cities would be ghost towns without our much-loved newsagents, salons and barbers, grocers, cafes, restaurants, bars and pubs. And on industrial estates dotted around the country, many services and small manufacturing firms provide the backbone for the country’s business community to thrive. Raising capital if you’re such a business owner can represent a challenge, but there are a few different ways you can access the funding you need.
5 Jan 2022
A guide to getting a small business loan
Gone are the days of having to go to your business bank for small business loans. As well as the usual high street institutions, there are many newer, more flexible lenders out there today who may be able to better facilitate your business finance needs.
4 Jan 2022
5 financial business resolutions for 2022
As we approach 2022, it's worth reflecting on the highs and lows of 2021 so we can begin making plans to start the New Year with our best foot forward. It’s been a long year, so to make the planning process a little easier we've put together a list of financial resolutions to consider for 2022.
16 Dec 2021
How to create a business project report to get an SME loan
Before you begin your search for an SME loan for a specific project and commit to an application, you need to create a detailed project plan covering every crucial aspect of your business.
9 Dec 2021
How can UK SMEs plan and prepare for growth in 2022?
After what can only be described as a whirlwind of a year, we’re finally waving farewell to 2021. If you’re lucky enough to be able to snatch a bit of downtime before the year’s out, why not spend some time planning and preparing for 2022? After all, as the famous racer Bobby Unser once said, “success is where preparation and opportunity meet.”
8 Dec 2021
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