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.
Compare UK business credit cards 2020
Having a business credit card can help you manage expenses and cash flow in a convenient and flexible way. It can be used by both you and your employees to make company purchases and can help you build up your business’ credit rating. Much like a personal credit card, you can choose to pay the balance in full or meet the minimum payment requirements. Your business is responsible for making the payments. Credit cards are a type of unsecured lending and the and limits can be quite strict. Of course, have to meet the lender’s criteria - they’ll want to look into your credit history, trading history, turnover and profit. Your credit limit - usually anywhere between £1,000 and £10,000 - will very much depend on your credit rating, as will your interest rate, interest-free period and rewards.
15 Dec 2020
Covid-19: Financial help for small businesses in the UK
It’s a challenging time for SMEs around the world as the economic impact of the Coronavirus pandemic starts to unfold. Global shares have taken a hit, interest rates have been cut and the OECD has downgraded its growth forecasts as factories close to help contain the virus. On Friday 20 March, Rishi Sunak, the Chancellor of the Exchequer, announced the first set of measures to help businesses impacted by COVID-19. The government has pledged support for businesses through the Coronavirus Business Interruption Loan Scheme and other temporary and targeted measures. These are designed to help companies manage cash flow during this difficult period through unlimited loans and guarantees. An initial £330 billion of guarantees will be made available, which is equivalent to 15% of UK GDP. Bear in mind some aspects of business support are devolved and differ in Scotland, Wales and Northern Ireland. Full information and relevant links can be found on the government's support for businesses page.
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
Independent businesses applied for a record £102m in loans during 48 hour window as COVID-19 cashflow fears take hold
Funding Options, the marketplace for business finance, is working hard to support independent UK businesses following a rapid increase in the number of loan applications. Around 1,884 businesses in the UK applied for £101,937,336 in loans during a 48 hour window.
8 Mar 2021
How to register a limited company - checklist
There are numerous benefits associated with registering your business as a limited company. For instance, incorporating can help you build brand credibility and protect your personal assets. The process isn’t as long as it used to be and can take just a few hours. When you’re ready to register your business as a limited company, you’ll have to submit an application form to Companies House via the HMRC website. You can also download the form in PDF format and submit it manually. Some people decide to use a third party (such as their accountant) to process the application. Either way is fine! The following checklist will help you prepare the information you need to complete the application process smoothly.
15 Dec 2020
Deeds not words: why we’ve signed the Women in Finance Charter
“Inclusivity” is a buzzword — one that means very little without action. That’s why we’ve chosen to make our commitment to achieving gender equality in our organisation public by signing the Women in Finance Charter. We’re part of a growing movement of forward thinking companies on a mission to create a more inclusive environment. Not just within our own company, but the sector as a whole.
12 Jan 2021
Funding Options signs the Women in Finance Charter
The data-driven lending platform sets new targets for itself, and introduces new flexible working policies.
8 Mar 2021
Funding Options announces new leadership to drive future growthe
Funding Options is today announcing the appointment of a new CEO who will lead the strategy to accelerate growth through Open Banking innovation and a wider business services marketplace for both the UK and EU.
18 Oct 2021
Start-up to Scale-up: Conrad Ford steps down as CEO
Funding Options, the UK’s leading business finance marketplace, today announced that with the eighth anniversary of founding the company in September 2011, Conrad Ford, Founder and CEO, is stepping down from the CEO role. He will remain involved with Funding Options as a shareholder and founder.
18 Oct 2021
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