Loan

How to Startup a Business – 5 Practical Tips for Success

How to Startup a Business – 5 Practical Tips for Success

Advice on how to start up a business has been written about almost every day and the advice follows the usual steps. 1. Come up with the business idea 2. Research the market for the product or service 3. Write your business plan along with your forecasts for the numbers…

Startup funding sources – Bank loans

Startup funding sources – Bank loans

Do banks lend to startups any more? Probably not is the answer in the current climate. Since the financial crisis, most banks do not lend to startups nor to most businesses they would have before the crisis hit. However,¬†there maybe the odd startup that’s got a business plan and sufficient…

Alternative funding sources for Business – Invoice discounting

Alternative funding sources for Business – Invoice discounting

Invoice discounting is a simple and fast way of raising working capital. It allows you to raise cash up to 85% of your invoice values soon as you bill them to customers and is popular for larger businesses with typically over ¬£1m annual turnover. There are many advantages to this…

Alternative sources of funding for Business – Lease financing

Alternative sources of funding for Business – Lease financing

Leasing is a great alternative to funding your business expansion or equipment replacement programme. Several factors can determine the decision whether to lease or buy and leasing can bring several advantages, which I outline below. 1. ¬†Preserves cash and spreads the cost of equipment over time, usually 3-5 years 2.…

3 key tips to consider when asking for a business loan from your Bank

3 key tips to consider when asking for a business loan from your Bank

  At some stage in the life of your business, funding will be required if you want to expand or make a major change in the business. You may have decided that this funding is best sourced through a bank loan but before approaching the bank you need to consider…

How to manage your Working Capital

How to manage your Working Capital

What is working capital? Simply put, its the cash required by a business to pay its suppliers, expenses and staff. It goes in a cycle as shown in the illustration above. When you start a business, it will take some time to start making profits and you will need sufficient…