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Funding Options Blog

The growth hub for small and independent businesses

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Education

What is cash flow forecast?

A cash flow forecast is a way for a business to estimate the flow of cash in and out of their business over a certain period of time. The forecast acts as a plan for businesses to understand how much they can expect to receive and payout over the set period.

14 Sept 2021

understanding balance sheets
Education

Understanding the current assets on your balance sheet

As a business owner, it’s always helpful to understand your current financial status and if you have physical assets. If so, it's important to know how many are currently on your balance sheet - or your books. We explore understanding balance sheets and why it’s good to know your financial position when running a business.

6 Sept 2021

business loan application
Education

What documents do I need when applying for a business loan?

Applying for a business loan does take a little admin time but once you’ve got the right documents in place, your application should be processed fairly quickly. We explore what documents you’ll need to have at hand when applying for a business loan.

2 Sept 2021

Woman in bookshop
Education

10 tips to improve your funding application

Now that the UK is in a period of economic recovery following the latest lockdown, many business owners are looking to expand their operations and obtain funding for growth. If you’re one of them, check out these 10 things you can do to improve your chances of getting approved. Even if your credit score is less than perfect, you could still be eligible.

1 Sept 2021

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Education

What are late payment fees?

Running a business can be time consuming and challenging, so when it comes to making sure your invoices are settled many business owners simply don’t have time to chase. Late payments are a common issue for small business owners and by applying a late fee payment on invoices, SMEs apply another layer of legislative protection.

9 Aug 2021

using late payment fees
Education

What is the standard late fee on an invoice?

Late fees are often included within invoices as a penalty for customers that don’t pay their bills on time. Used by businesses of all sizes, late payment fees are used to encourage customers to pay their invoices on time. This then prevents business owners from needing to resort to short-term loans to pay their bills.

8 Aug 2021

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Education

What is EBITDA?

The acronym EBITDA stands for ‘earnings before interest, taxes, depreciation and amortisation’. It’s a metric business owners use to look at their operating performance. EBITDA can be considered as a substitute for cash flow for businesses to help them understand their current financial performance.

5 Aug 2021

merchant cash advance
Education

5 things to know about merchant cash loans

If your business uses a cash terminal and takes card transactions, you could benefit from a merchant cash advance to help grow your business and enjoy a flexible repayment plan.

4 Aug 2021

what is a creditor
Education

What is a creditor?

A creditor is an individual or business that lends money to another individual or business through providing products or services to them. As soon as they provide the service or product or simply give the loan they become a creditor as they’re owed the money back.

1 Aug 2021

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