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Banks

  • Business, Finance

    Business Finance Week 2024

    Business Finance Week 2024 launches next week. This free 10-day event, hosted by the British Business Bank and several UK partners, aims to help smaller businesses learn about the different finance options. We work with many smaller businesses, helping them secure finance, so we know the challenges they face all too well. We champion events...

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  • Loans, Property

    How is a commercial mortgage different to a residential mortgage?

    Commercial and residential mortgages are similar in that they both involve borrowing money to purchase property. However, they differ in several ways: 1. Purpose Residential mortgages are used to finance the purchase of homes that people will live in. On the other hand, commercial mortgages are used to finance properties primarily intended for business activities....

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  • Finance

    When might bridging finance be appropriate?

    Bridging finance, also known as bridge loans or bridging loans, is a short-term loan (generally 12 months or less). Bridging loans provide quick access to funds and are typically used to bridge a gap between purchasing a new property and selling an existing property. However, there are other scenarios where bridging finance might be appropriate,...

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  • Finance

    One-third of broker clients have secured finance after being declined elsewhere

    A recent survey highlights the benefits of using a commercial finance broker when seeking funding for your business. The latest National Association of Commercial Finance Brokers (NACFB) membership survey of over 2,400 commercial brokers and 155 lenders found that commercial finance brokers facilitated a significant £38 billion in lending to small and medium-sized enterprises (SMEs)...

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  • Business, Loans

    Lending market predictions for 2024

    As we start a new calendar year, we thought we’d share our expectations on what will happen in the UK lending market in 2024. Of course, we don’t have a crystal ball (sadly!), so these are our best-guess predictions based on the current market conditions and our industry experience. Tightened lending criteria During 2024, some...

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  • Banks, Finance, Loans

    Securing finance without trading accounts

    Securing finance without trading accounts can be a chicken-and-egg situation. You need finance to start trading, but you can’t get finance without accounts proving the business has been successfully trading. However, all is not lost. With the help of a professional, it’s possible to convince a lender that your business is credit-worthy. For example, The...

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  • Banks, Economy, Finance

    Buying a business – how accessible is bank finance?

    Last autumn’s market turmoil and the subsequent 14 consecutive base rate rises by the Bank of England have dramatically changed the commercial lending landscape compared to 12 months ago. So, if you’re considering buying or expanding a business, how likely will you get bank finance? Here’s how the UK bank lending market is currently looking:...

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  • Business, Finance, Loans

    How to finance your business purchase

    If you’re looking to purchase a business and need financing to make it happen, there are numerous ways to fund your business acquisition. It can be a complex process, but with careful planning and consideration, you can secure the necessary funds to acquire your desired business. Here’s a summary of the common methods for financing...

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  • Finance

    Options to secure working capital for your business

    As any business owner will tell you, having access to cash flow and working capital is essential to maintain and grow your business. Without adequate working capital, you might struggle to take on new projects, hire additional staff, or pay suppliers. Thankfully, however, several options are available to increase your working capital if your cash...

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  • Banks, Finance

    My bank said no. What next?

    For most small and medium-sized businesses (SMEs), their bank is their first port of call for commercial finance. So what happens when your business needs a loan, and your bank says no? There are many reasons why a bank may reject a loan application, and it’s generally not straightforward to pin down the cause. Your...

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