If you’re struggling to pay pack your Covid loans, you’re not alone. In […]
Whether it’s in the context of business loans or, for that matter, any type of finance, the distinction between secured and unsecured lending is a crucial one. Let's take a look at different types of ‘security’ you might want to offer up to a lender, the pros and cons of […]
Under the super-deduction, for two years from 1 April 2021 any investments your business makes in main rate plant and machinery will qualify for a 130% capital allowance deduction.
usiness Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Bounce Back Loan Scheme (BBLS), all of which closed to new applicants on 31 March 2021.
A revolving credit facility is a rolling line of credit arranged between a business and a lender. Unlike a fixed business loan you can access funds on an as-needed basis and repay when it's convenient.
If you're a UK business with assets and you're looking for capital to grow, then securing a business loan against one or more your assets could be the ideal way to raise the funding you need. By taking security, the lender is much less likely to lose money should you fail to keep up the repayments. This means you will be more likely to be approved for a secured loan, as well as be offered lower interest rates, longer terms, and larger loans for your business. Between the banks and the alternative finance market, there is a broad range of lenders in the UK, each offering a variety of lending products.
Unsecured business loans give you the opportunity to quickly access finance, without the need for collateral