In this article we look at 5 effects of the base rate cut on funding for small businesses.
Asset-based finance is the raising of funds using your existing assets as security. Assets can include invoice finance, – where business secure funding against the value of unpaid invoices – stock, equipment and property. According to the Asset-Based Finance Association ABFA, asset-based funding in the UK breaks down into roughly around 80% invoice finance and 20% the rest.
So now the dust has settled on the March budget, what impact – if any – will it have on small businesses? Hailed by George Osborne as his long term economic plan, he described it as “‘a budget that backs businesses’”. The full measures are outlined on the Gov UK website but let’s take a […]
“Lies, damned lies, and statistics“, a quote attributed to Mark Twain, pretty much sums up the view of many people about statistics. We can become cynical about the persuasive use of numbers, because it can seem that they are just spinned different ways to support whichever point of view is being presented at the time. […]
As highlighted in the March 2015 budget, the UK tax system is going digital! The new Conservative Government promised to bring the digital revolution to Whitehall and is now in the process of transforming tax administration so it is more effective, more efficient and easier for taxpayers. The transformation will be complete by 2020, and […]
For the small business, it is never too early to talk about Christmas! In fact, if your business is able to benefit in any way from the Christmas season and you have not already started planning for this, you are leaving it rather late! So here are our Top Ten Tips about how your business […]
A recent Fair Business Loans UK blog referred to the TV series The Fixer, whose aim is not only entertaining its viewers, but also championing small businesses. That led us to consider some of the common reasons for why many small businesses end up failing, and in this post we want to share some common […]