Now, it seems, the big banks are going to be phoning a friend on behalf of small businesses. Changes under The Small Business, Enterprise & Employment Act 2015 are scheduled to come into effect in November. As part of this, nine leading high street banks will redirect all small business loans they reject to independent finance organisations.
The UK has its second female prime minister and the US may soon have its first female president. But in business it often seems like the proverbial “glass ceiling” still exists.
The Gov UK website has a wealth of useful advice and information for small businesses. Below is our summary of 7 tips from its pages on how to grow a small business:
Secured and unsecured business loans are two very different products and it is important to be clear about those differences.
Over the last few years, small business owners have found it increasingly hard to obtain small business loans from banks.
Fair Business Loans is part of Fair Finance which is the fastest growing microfinance organization in the UK and so we take a keen interest in which banks are offering the best service to small and micro companies. Recent Research compiled by Business Banking Insights looked to establish which banks are providing the best services […]
In a recent speech to The Fabian Society, Labour leader Jeremy Corbyn outlined some of his strategy to tackle pay inequality and “institutionalise fairness” in Britain. One headline-hitting measure would be to ban companies from paying dividends to shareholders unless they are paying workers the living wage, the aim being to redress the balance of […]
At Fair Business Loans we were interested to hear that the RSA has recently launched a Charter for the Self-employed. The RSA (Royal Society for the encouragement of Arts, Manufactures and Commerce) aims to enrich society through ideas and action. Over the past two years it has conducted research over into the life of the […]
As you may well be aware HSBC – Europe’s biggest bank – has recently announced that it plans to keep its headquarters in London. Since April 2015, the bank had been considering relocating its headquarters to Hong Kong but has now decided unanimously against the move. We thought it would be interesting to take a […]
As we herald the arrival of 2016 you probably have great plans for your business! As everyone around us making New Year Resolutions, it’s the ideal time to look ahead with confidence and take some positive steps to making things happen the way you want them to. Newspapers, magazines and blogs are full of encouraging […]