Recently, opinions around traditional business lending consider it to be a mismatch for the modern SME, with companies struggling to balance collateral against what they can borrow. With business lending in flux due to the coronavirus and loan schemes changing daily due to the … [Read more...]
5 Tips to Help Secure Funding for a New Business
If you take a look at Statista’s report titled SMEs reporting rejection of credit applications in the UK 2012 – 2017 you will see that in 2017, a whopping 20% of businesses that applied for loans were rejected. This is the very reason why so many entrepreneurs are seeking out … [Read more...]
Can You Get a Business Loan with Bad Credit? Here Are 7 Realistic Options
Every year, almost three-fourths of all businesses use some form of financing. Some take out loans to get new businesses off the ground, while others take them out to keep existing businesses afloat. If you need to get your hands on a business loan for any … [Read more...]
How Credit Scores Affect Business Loans
When it comes to business, much of it is personal - especially when it comes to business loans. If you are looking for a business loan, lenders will consider your personal credit score. Business owners often wonder why their personal credit history is considered over … [Read more...]
5 Common Myths & Misconceptions About Business Loans
Starting out a new business or even getting to the next stage of expanding the company, can be a scary prospect. This is not helped when you are looking to source additional funding and may have some commonly held preconceptions about business loans which are not based on fact. … [Read more...]
