Latest figures from the Bank of England of lending to businesses show a continuation in the decline of total money lent to UK businesses. But small businesses appear to slightly better off than their larger corporate counterparts. The figures to June 2014 reveal that the total amount of loans (including overdrafts) currently outstanding to businesses […]
One aspect of a bank’s credit assessment process in reviewing your business loan request is how you are going to use the money lent to you. BLS’s Rob Warlow shares three key things you need to be aware of in how the bank will review your business loan application.
The rise in the level of support being given by the asset-based finance industry continues to put the banks to shame. According to the Asset Based Finance Association (ABFA) in the three months to the quarter ended June 2014 asset-based funders (comprising of invoice finance and asset finance providers) lent out a record £18.9 billion […]
The struggles businesses have when it comes to getting a business loan are well known for even well established businesses. But what if you are a start-up or a relatively young business? Simply put the climb you face will be steeper than the one confronting your more mature counterparts. So what factors do banks take […]
When it comes to raising business finance one of the first things your bank is going to ask for is your Business Plan. But what do you include in a Business Plan? How long should it be? How much detail do you go in to? Writing a Business Plan is a task that can eat […]
In this week’s Business Finance Bulletin Rob Warlow looks at the impact late payment can have on growth plans with a recent survey from Close Bros Finance demonstrating how it can hold your business back. Rob also looks at how crowdlending platforms Funding Knight, ReBuilidngSociety and LendInvest have reached new highs and milestones as they […]
In this clip from a live seminar hosted in Amsterdam Rob Warlow talks about how the current climate in raising finance is the new normal… we have to accept that raising finance will be a challenge for quite a while. With this in mind Rob explains how we have to adapt and why having an […]
With the economy beginning to pick there is one barrier to growth that many business owners don’t see until it’s too late and that is lack of cash to fund future growth. Two recent surveys have highlighted the recurring problems UK businesses have when it comes to late payment. The first survey from Close Brothers […]
Getting a business loan is not as easy as it once was. During the ‘boom’ times you could get a business loan based on a few pages of information. Not today. If you are approaching your bank for finance you have to be prepared for a long list of demands. We all know the 5 […]
In the latest episode of the Business Finance Bulletin a look at what business owners who are selling an equity stake want from their new partners. The relationship between banks and business owners has been strained but a new survey from Albion Ventures reveals a surprisingly high number of businesses getting a ‘yes’ from their […]