Posts Tagged ‘getting a business loan’

Late Payment Impact, Business Borrowing Experience, and PayPal Working Capital Facility – BFB 214

Posted on: May 12th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

How does late payment affect small business owners? That’s a question posed by The Prompt Payment Directory in its annual late payment survey. The report reveals that many small business owners personally suffer when payments are delayed.

Findings from a new FSB study highlight that some small businesses still struggle when it comes to raising finance. What holds them back and are they deterred from applying for finance?

To close this Bulletin, we share news of how PayPal has become a rising star on the alternative finance scene. Over the last 12 months the PayPal Working Capital facility has supported an increasing number of businesses with much needed cash. We look at how the facility works and the cost.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Barclays Green Trade Loan, Business Insolvencies and Xero on Late Payments – BFB Epsd 213

Posted on: May 5th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

To open our latest Bulletin, news of how businesses involved in sustainable activities can now benefit from a tailored finance solution offered by Barclays Bank. The Green Trade Loan is aimed at supporting environmentally-focused businesses in need of working capital.

Turning to more sobering news, we review first quarter figures released by The Insolvency Service on the number of businesses entering insolvency arrangements. Unfortunately, the statistics show an increase compared to the first quarter of 2017.

To close this Bulletin, interesting findings from Xero, the online accounting software provider, and the FSB about late payment experience among its clients and members. If you undertake work with larger businesses or public sector, you are more likely to get hit by delayed payments.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Equity Finance, Bad Debts Increase and Cyber Crime Awareness – BFB Epsd 212

Posted on: April 28th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

A seeming reluctance among some small businesses to borrow money has extended to the equity finance world. We open our latest Bulletin with a review carried out by Beauhurst of equity finance transactions undertaken in the first quarter of 2018. The figures reveal a downturn in activity compared to the previous quarter.

Creditsafe, the credit agency, has reported that according to its research, company bad debts and the number of registered CCJs jumped in the first three months of this year. It appears that the pressure of unpaid invoices is beginning to show.

Cyber crime continues to grab the headlines, particularly with the forthcoming GDPR deadline. To ensure businesses are aware of the risks of being targeted by fraudsters, Barclays Bank has launched an awareness campaign with recommendations for businesses on how to keep safe.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Funding Circle Business Champion Programme, CountingUp Business Account & Business Confidence – BFB Epsd 211

Posted on: April 23rd, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

To open our latest Bulletin, we share the great news that Funding Circle has invited BLS to join its Business Champion Programme. This is in recognition of the quality introductions we have made to them, adherence to their guidelines and our knowledge of the marketplace. So how will our inclusion to the Programme benefit our clients?

More developments in the mobile banking industry with the announcement from CountingUp that it has now launched its Business Bank Account. We look at how the service differs from other mobile banking apps on the market.

To close this edition, we review two surveys from Bibby Financial Services and the Institute of Directors which reveal that business confidence continues to recover from recent low points. However, businesses still see a number of challenges facing them when it comes to growth.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Government Late Payment Consultation, MarketInvoice on Nat West Panel and Asset Finance Growth – BFB Epsd 210

Posted on: April 14th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Following the announcement in the Chancellor’s Spring Statement that the government is looking at ways of tackling late payment, it has announced the launch of a consultation paper. The government is looking for input on its plans to address late payment amongst businesses awarded government contracts. Do you have any thoughts?

Where it can’t assist, to continue signposting businesses to alternative lenders, Nat West has announced MarketInvoice as the ninth addition to its Capital Connections panel. Being an online invoice discounter, MarketInvoice adds a new service to Nat West’s expanding panel.

Figures from UK Finance, the finance industry’s trade body, reveal that 2017 was a record year for businesses accessing Asset-Based lending. Looking closer at the figures, smaller businesses though really took advantage of this growing source of alternative finance. But is that the case in the first quarter of 2018?

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Financial Implications of a Cyber Attack, Starling Bank Business Account & Crowdcube Campaign – BFB Epsd 209

Posted on: April 7th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Cyber-attacks and cyber security never seem far from the headlines these days. If you were hit, what would be the financial implication for your business and could you withstand the impact? That’s a question posed by Lloyds Bank in a recent survey. What can you do to protect yourself? One way includes checking your IT system with companies such as www.pisys.net

The charge of the mobile-only banks continues. We look at the announcement from Starling Bank of the launch of its business account service. What features does the account have for businesses keen to switch to mobile-only banking?

We finish this edition with news from Crowdcube, the equity raising crowdfunding platform, that over the next five years it’s aiming to double the number of deals originated outside of London and the South East.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Rise in CCJs, Starling Bank Embraces Open Banking and Start Up Finance – BFB Epsd 206

Posted on: March 17th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

According to the Registry Trust, 2017 saw a significant jump in the number of County Court Judgments registered. Is this a sign of toughening economic conditions or businesses being more aggressive when it comes to tackling overdue payments?

Since its launch in January, Open Banking has been gathering support primarily amongst the smaller, so called Challenger Banks. The latest bank to embrace Open Banking is mobile-only Starling Bank. It has announced a tie-up with TrueLayer which will act as a link between Starling Bank customers and alternative finance providers.

One of the more challenging aspects of starting a business is arranging finance. Where do you go? That’s a question posed by Hitachi Capital Business Finance when it spoke to start ups and younger businesses. We take a look at where business owners are getting their money from.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Increase in Insolvencies, Small Business Funding Support and Credit Checks – BFB Epsd 205

Posted on: March 10th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Following a recent spate of high-profile company administrations, we open this Bulletin discussing the Euler Hermes Global Insolvencies Index which has revealed how in 2018 the UK is set to witness the second largest global increase in insolvencies. When linked with the latest bank lending figures, it looks like 2018 is turning out to be a challenging year.

Alternative lenders are continuing to announce the allocation of funds specifically focused on supporting small businesses. We look at funding pots set aside by Iwoca and Metro Bank designed to assist regional and national small businesses.

Do you credit check customers you give credit terms to? To close this Bulletin, we have a reminder of why it’s important to check your customer’s creditworthiness before you extend credit terms.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Funding for Growth Workshops in Wales

Posted on: January 27th, 2018 by blsuser1 No Comments Tags: , , , , , , ,
Posted in Business Loan Services News

If you’re a growing businesses it can be a struggle to fund expansion and day-to-day working capital from internal resources.

If you are a business based in Wales and planning to raise finance in the near future then you may be interested a series of free workshops hosted by Business Wales.

Business Loan Services’ Rob Warlow will be leading these four hour workshops looking at:

The workshop venues and dates are:

Wrexham – 5th February

Bangor – 6th February

Brecon – 13th February

Narbeth – 27th February

To find our more and to book on these free workshops, visit Business Wales website.

Raising Business Finance: Overcome The Challenges

Posted on: October 22nd, 2017 by blsuser1 No Comments Tags: , , , , ,
Posted in Business Finance Tips

Raising business finance can be challenging. Business Loan Services is all about taking that challenge on board, leaving you to run your business.

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What Our Clients Say

  • Rob kindly agreed to attend the recent Pontypridd RFC sponsors networking evening and delivered what can only be described as an excellent talk on 5 Tactics to Boost Your Business and Your Profits. He kept the audience engaged throughout and the feedback from everyone was excellent. Rob is very knowledgeable on business and finance and on top of that is a genuine nice guy. We hope to have him back at a future event and I have no hesitation in recommending Rob’s services.

    Angela Holloman-Coombes | Connective HR
  • I wanted to thank you for such an insightful, energetic, and entertaining talk at the Kevin Green Wealth event on securing funding and creating a successful plan. It was brilliantly executed and a pleasure to listen to and the ideas I’ve learned are definitely going to help me in going forward.

    Max Cooper of Manchester
  • Hi Rob, it was so interesting and entertaining listening to you at the Kevin Green Wealth Coach Workshop in Reading this weekend! I didnt realise you can find Finance proposals such fun!. Brilliant tips! Thanks.

    Gaz Jabeen | Bollywood Burn Out
  • Further to your recent presentation at LEAD Wales just wanted to say it was very refreshing to see somebody talk passionately and positively about finance, very insightful!

    Kay Hyde | Hyde & Hyde Architects
  • Rob delivered a series of 3 workshops aimed at understanding how finance houses look at finance propositions with the aim for us as a team to deliver more of a bespoke offering to our customer base. The training was delivered to a mixture of staff who work with new businesses start-ups and existing established businesses across Mid & South West Wales. Rob delivered the training with an abundance of passion and has really helped my team look at financial propositions in a different light, many thanks again Rob and I look forward to work with you in the near future.

    Shayne Yates | Welsh Government Regional Centre Service Mid Wales

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