Posts Tagged ‘how to get a business loan’

All Things Coronavirus Business Interruption Loan Scheme – BFB 295

Posted on: April 20th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

This week’s Business Finance Bulletin is another Coronavirus Business Interruption Loan Scheme (CBILS) special.
Opening this episode, we look at the announcement that Funding Circle has now joined the panel of accredited CBILS lenders. How will Funding Circle change the Scheme, and will it lead to a speeding up in distribution of funds?

We also review how CBILS has performed so far in supporting businesses in need of finance. A look at the figures reveal that the impact has been minimal and how a quickening of the pace is now needed.

To close the Bulletin, if you are thinking of applying for a loan under CBILS, what information will you need submit to the lender? Preparation is the key to ensure you don’t suffer from any unnecessary delays.

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

Access to Finance Shrinks; Business Confidence and Cashflow; and Young Entrepreneurs Grant – BFB 294

Posted on: April 6th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

To open this week’s Bulletin, we look at the knock-on effect of changes to the Coronavirus Business Interruption Loan Scheme and general lender reaction to the crisis which has jointly led to a fall in the availability of finance.

Evidence is now emerging of the impact the virus is having on businesses. We review a report from the British Chambers of Commerce which reveals reduced confidence and the limited level of cash reserves businesses have set aside to cover expenses.

To close, news of a grant scheme established by The Princes Trust and Nat West to specifically help young entrepreneurs meet costs and invest in new equipment.

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

Changes to Insolvency Law, Business Viability for CBILS & Planning Ahead to Raise Finance – BFB 293

Posted on: March 30th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Opening our latest Bulletin, we look at the recent government announcement on changes to The Insolvency Act. The move is designed to protect Directors from personal liability claims in respect of Wrongful Trading. Why has this change been made?

aspect of the Coronavirus Business Interruption Loan Scheme that is catching businesses by surprise is the need to establish viability of the business going forward. We look at how you do this when applying for the loan.

During normal times planning ahead as to when to submit an application is important. However, in our current situation there is now only one perfect time to apply. The answer to that question is whether we are going to see another Credit Crunch?

Government, Bank of England & High Street Bank Finance Support; Managing Cashflow Tips – BFB 291

Posted on: March 16th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

This Business Finance Bulletin episode is devoted to one topic, being support offered to UK businesses struggling from the ongoing CV crisis.

Businesses are starting to see the change in circumstances negatively impact on sales and cashflow. To open, we look at support measures the government and the Bank of England have announced to ensure a steady supply of finance. The actions will free up significant amounts of cash for banks to on-lend.

Turning to the High Street banks, we review what the major banks are offering their customers by the way of support packages. Will all businesses be able to access funds though?

Closing the Bulletin, we share tips on how you can help yourself by managing and being in control of your cashflow. Swift action could keep you on the right side of solvency.

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

Emergency Funding Support, Nat West Business Account Fees and AskIf EFG Loans – BFB 290

Posted on: March 8th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

UK businesses have been hit by a number of financial shocks this year which can have an impact on sales, profitability and cashflow. To open this Bulletin, we look at the level off support being offered by banks to ease the burden.

To improve its position in the market we review changes Nat West has made to their business account to make it more competitive in an ever increasingly crowded market.

To close this Bulletin, an announcement by small and micro business lender AskIf on its approval from the British Business Bank to offer loans under the Enterprise Finance Guarantee Scheme.

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

Just Cashflow Start Up Support, Alternative Finance Use and Addressing Late Payment – BFB 289

Posted on: March 2nd, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Start ups have traditionally found it challenging to raise finance. To open this week’s Bulletin, a look at how Just Cashflow will be using Augmented Intelligence to pre-select and directly approach start-ups worthy of financial support.

The latest annual Small Business Finance Markets Report from the British Business Bank reveals how banks are getting left behind in terms of financing SMEs. Are the days of High Street being the first port of call numbered?

Wrapping up this edition, a look at recommendations from the Money Advice Trust, which runs Business Debtline, on how the continuing problem of late payment needs to be addressed.

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

Financing Cashflow, Identifying Export Opportunities and Asset Finance vs Bank Lending – BFB 288

Posted on: February 23rd, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Opening this Bulletin, a review of the latest Small Business Index survey from the FSB which reveals that business finance is primarily being used to supplement cashflow as opposed to investment. Will this continue in 2020?

Firms looking to export for the first time can find it challenging identifying opportunities and associated risks. To solve this problem, the trade credit insurer Euler Hermes has launched a free-to-use tool for budding exporters.

To wrap up, news from the Asset Finance sector on how 2019 volumes outstripped traditional bank lending. What assets financed saw the most growth last year?

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

Business Growth Priorities, Anna Money Mobile Banking, and Action Against Late Payers – BFB 287

Posted on: February 15th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

To open our latest Bulletin, we review a survey from Hitachi Capital Business Finance which reveals that businesses are now prioritising growth plans over cost cutting measure. SMEs are focusing on three main strategies to boost business in 2020.

Mobile-only banking continues to provide an alternative to traditional High St bank accounts. Anna Money is one such bank which focuses solely on providing mobile banking for businesses. We take a look at the key features designed to support SMEs.

To close this Bulletin, news of action taken by the Prompt Payment Code against a number of household names which have failed to meet payment guidelines. The steps are intended to send a message to larger businesses that late payment is unacceptable.

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

Fraud Identification, Multi-Asset Borrowing and Wasted Costs and Overheads – BFB 286

Posted on: February 9th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In this increasingly complex world falling foul of fraudsters is all too easy. Opening this week’s Business Finance Bulletin, we look at how Just Cashflow clients can access free fraud identification software to lessen the chances of getting caught out.

If you’re in need of funds to finance your growth plans have multiple assets you can borrow against, it can be time consuming liaising with different lenders. Ultimate Finance have announced the launch of its Structured Finance product which will allow you borrow against a variety of assets via one loan.

Wrapping up this Bulletin, a look at a survey from Nat West which reveals how individuals are wasting money by paying for services they never use. Are small business owners just as guilty of this?

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

Business Confidence Rises, Barclays Loan Cashback, and Company Insolvencies – BFB 285

Posted on: February 3rd, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

A positive start to this week’s Business Finance Bulletin with news from Lloyds Bank in their monthly Business Barometer survey that business confidence is on the rise. What are business owner’s view on the impact of Brexit though?

We look at the announcement from Barclays of the launch of a loan cashback scheme with support from the British Business Bank. The cashback is a nice bonus for businesses looking to expand via funding.

To close, less positive news with a look at how many businesses entered some form of insolvency in 2019. The figures from the Insolvency Service do feature a glimmer of hope for 2020.

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

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