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 […]
For many small businesses, banking and bookkeeping are their least favoured tasks. To open this Bulletin, we look at a new mobile-only bank, CountingUp, which has opened its virtual doors with a small business banking solution combining banking and bookkeeping in one app. The availability of unsecured business loans from alternative finance providers has been […]
The liquidation of the construction giant Carillion has dominated the business news headlines. As well as affecting its employees, small businesses in the Carillion supply chain will take a substantial finance hit. What can you do to protect yourself from the failure of one of your largest clients? As the deadline to pay your Self […]
Some businesses when looking for finance can get overwhelmed by the choices and process of applying for funding. If you are an FSB member, then help is at hand with the launch of the FSB Funding Platform which is designed to help its members efficiently search for finance. Despite the prevailing uncertainty about consumer demand […]
It’s very likely that you may not have heard of Open Banking. If you haven’t then the chances are that you will over the coming weeks and months. It’s rare that we devote a whole episode to one topic, but Open Banking has the capacity over time to revolutionise the way you and your business […]
Thanks to all our clients and introducers who helped make 2017 another great year for BLS in supporting growing businesses in need of finance. We look forward to assisting you and other businesses achieve your growth plans in 2018. Thanks again and have a Happy New Year!
The culture of late payment to UK SMEs is a regular topic in our weekly Business Finance Bulletin and the reason for this is that delayed payment hurts many businesses by undermining their growth and the value they bring to the UK economy. A new survey from business finance company MarketInvoice reveals that 62% of […]
The invoice finance and asset-based lending sector is providing an increasing share of finance to UK businesses according to latest data released by UK Finance, the trade body for the finance industry. The amount of money raised via invoice finance (a method of unlocking cash tied up in invoices) and other asset-based finance such as […]
If you are one of the estimated 20% of small businesses which have run in to cash flow problems due to late payments, then help may finally be at hand. The government has finally launched the complaint handling service of the Small Business Commissioner to ensure fair payment practices for small businesses. This follows the […]
Regular feedback we have from Business Loan Services clients is how difficult it can sometimes be to arrange an overdraft limit. Iwoca, the short-term loan provider, recently undertook a mystery shopping expedition to see how challenging it can be! In this Bulletin we see how they got on and share 3 tips if you’re looking […]