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April GDP: “No time to start a trade war” say financial experts

With today’s ONS April GDP data proving that the UK economy is under some serious pressure, financial experts and advisers share their views on the data with IFA Magazine.

Philip Dragoumis, owner of Thera Wealth Management: “These numbers still don’t fully include the cost of living crisis and its effect on consumer spending, which means a sharper contraction – and potentially recession – is to come in the months ahead. Any additional rate rises should now be put on hold and there is an argument, too, for easing tax rises. Also, this is no time to start a trade war with Europe over the Northern Ireland Protocol.”

Marcus Wright, MD of Bolton Business Finance: “If the Government wants to stop a recession, then we need action quick. SMEs are the backbone of the UK economy and they need help, especially with fuel and energy bills. With inflation still a concern, the Government needs to drastically cut spending to free up fiscal space to cut tax and VAT for our small businesses. It’s a difficult tight rope to walk but we need decisive action very quickly.”

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Adrian Kidd, chartered wealth manager at Aylesbury-based EQ Financial Planning: “Sadly, there is not much that can be done about the current economic situation we’re in. Central banks globally have failed in their inflation management, money printing and interest rate policies. They are now caught between two policy errors which are not putting rates up enough to curb inflation and putting up rates too much to push us into recession.”

Graham Cox, founder of the Bristol-based broker, “The economic situation is dire. We need further emergency measures to prevent a prolonged and deep recession. If I was in Rishi Sunak’s shoes, I’d reinstate the £20 increase in Universal Benefit, remove the 5% VAT on gas, and slash VAT on everything else to 10% until we’re out the woods. That would help consumer confidence and bring forward spending on high ticket items, giving a major boost to economic growth.”

By Rebecca Tomes

Source: IFA Magazine

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HSBC new £750m funding to back Welsh SMEs

HSBC has confirmed £750m of new funding to support the growth of SMEs in Wales.

The bank has ringfenced the finance for Wales as part of a £15bn commitment to support SMEs across the UK.

It also includes ringfenced funding from businesses trading internationally (£2bn), in the agriculture sector (£1.2bn) the tech sector (£500m) and franchise businesses (£500m).

Since launching a SME fund in 2014, HSBC has lent more than £90bn.

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Peter McIntyre, head of business banking at HSBC UK, said: “SMEs are vital to the UK economy, and our customers have told us they are ready to invest for growth. The £15bn fund will help businesses to expand internationally, as well as here in the UK, supporting key sectors and driving investment across the regions and nations.

Small Business Minister, Paul Scully said: “This new fund puts HSBC on course to have lent more than £100bn to UK small businesses within a decade, which is a great milestone for HSBC and even better for the communities across the country being helped to thrive

“This extra funding builds on the support available through government schemes like Help to Grow and Start Up Loans to help small businesses grow and reach their full potential.”

By Sion Barry

Source: Business Live

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Five key trends for small business success in the year ahead

The last two years have been an exercise in uncertainty as the global pandemic has transformed how we work, interact and how we buy goods and services. Perhaps no sector has been more under pressure than small business.

In a 2021 Visa survey, more than half (54 per cent) of global small and microbusinesses (SMBs) reported that the last year has been a challenge for their business – and that they’re still recovering.

But as the pandemic wears on, trends are emerging as behaviours begin to stick. That is certainly true for consumer behaviour, and we’ve seen that small businesses that embraced digital commerce have weathered the pandemic better. It’s no longer just about pivoting and surviving – there’s a hopeful surge in entrepreneurship, with a new breed of business owner coming online as digitally-native for the first time.

As the network working for everyone, Visa has made a multi-year commitment to digitally enable 50 million small businesses worldwide. We know that with the right tools, small businesses can confidently meet new customer expectations.

So how can these companies get an edge in a year ahead? Following are five of the important trends that will have an impact on the world of small and medium sized businesses in 2022.

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Now more than ever, experience will be key

Covid-19 fundamentally changed retail – redefining the boundaries between online and in-store shopping and opening up a world of omnichannel commerce. Considering that the average UK consumer is connected to over nine devices and almost five social platforms, SMBs need to rise to the challenge of engaging customers across all platforms.

The small businesses that come out on top in 2022 will be the ones that prioritise experience. Small businesses can no longer afford to think about consumers in unique buckets: people who shop online, people who shop in-store, people who shop in an app. The truth is that customers exist across all of these channels, so businesses need to be prepared to offer a fluid, omnichannel payments experience – one that is engaging, one that is safe and one that is simple.

Sustainability and social impact aren’t just for global brands anymore

The pandemic was predicted to slow the momentum behind environmental consciousness among consumers, but the opposite is happening. Deloitte has found that one in three UK consumers plan to purchase from brands with strong sustainable (34 per cent) and ethical (30 per cent) credentials going forward.

Gen Z and millennials in particular will continue to gravitate toward artisanal goods that are ethically and sustainably sourced, as well as sustainably produced food and beverages. In many ways, small businesses are ideally suited to cater to the needs of socially conscious young consumers, particularly as the pandemic persists globally. A Shopify study found that 68 per cent of consumers in the UK believe that shopping locally is important and 51 per cent of consumers expect to shop locally more often post-pandemic than they did before. So, while being a small business can inherently help, in order to really win, small businesses should also consider their impact on society – and be sure to communicate it with customers.

Seamless payments will be central to an exceptional customer experience

Customers are increasingly paying attention to the speed, security and convenience of the payment experience in a world where transactions are shifting from cash to cards to digital devices, and customers expect every interaction with a brand to be effortless.

A recent study found that an average of 68 per cent of people abandoned an online shopping basket due to difficulties completing the purchase, with many citing a complicated or long checkout process, so they didn’t make the purchase at all or bought the item somewhere else.

Meanwhile, in stores, contactless payments are the norm in most parts of the world. During the pandemic, many British people chose to tap to pay for the first time and instantly recognised that it’s also faster, easier and more secure. In 2020, the number of contactless payments made in the UK increased by 12 per cent to 9.6bn payments, accounting for over a quarter (27 per cent) of all UK payments with recent Visa data showing that over eight in ten (82 per cent) in-person payments are now contactless. With the contactless limit being raised to £100 in October 2021 to meet this growing demand, we’re seeing contactless payments continue to thrive, thanks in many ways to the small and mid-size businesses that are quickly adopting the technology to keep up with their customers’ expectations.

Payments isn’t just about completing a sale. The checkout experience should be – and is – a reflection of your brand. It’s also the last opportunity for small business owners to make a great impression on customers as they walk out the door (or leave your site). SMBs have to make it as frictionless as possible for customers.

Small businesses will cross borders

According to The World Bank, small and medium-sized businesses (SMBs) represent approximately 90 per cent of businesses (rising to 99.9 per cent in the UK) and more than 50 per cent of employment worldwide. Thanks to the digital adoption of the past two years and evolving technology, small businesses have a unique opportunity to bring products and services to customers around the globe.

It used to be that only big businesses could scale in a way that allowed them to access customers in other countries, but payment technology can easily enable customers to pay with local payment methods and currencies – businesses just need to be savvy enough to market themselves in a way that is enticing to different “local” audiences around the world. It is also important to keep on top of commercial and regulatory barriers, so finding a partner that supports cross-border expansion is key.

Small businesses will see more benefits from AI and machine learning

Much has been made of the ways in which artificial intelligence (AI), machine learning and deep learning are transforming large business processes from credit decisioning to inventory management. As software and hardware costs decrease, more solutions for small businesses that leverage AI and machine learning will become available. Why does that matter? Services powered by AI and ML can mean more efficiencies, more protections and ultimately more profit for the bottom line.

In many ways AI is already being adopted by small businesses behind the scenes. Organisations like Visa use AI and deep learning to make real-time authorisation decisions for small business transactions while financial services companies use the technology to offer customer instalment loans. Many tech companies that provide a service to SMBs are doing the same. Businesses should ensure their suppliers are investing in these important technologies and passing the benefits of their expertise on.

In a year that will be defined by new expectations and new experiences, the good news is that technology is opening new opportunities for businesses of any size to participate in the global digital economy.

Source: Small Business

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SMEs to invest £633m in growth over next 12 months

SMEs plan to spend an average of £111,175 on growth strategies, equating to a £633m total spend for all UK SME businesses, despite external factors such as supply chain issues and the ongoing impact of the cost-of-living crisis, according to new research from Aldermore.

35% of UK SMEs are planning to invest in new equipment over the next year. Businesses are also continuing to embrace the shift to online, with 35% planning to improve their online presence and 29% investing in digital marketing.

24% of SMEs plan to diversify into new products and services, while 20% will invest in marketing and events. Meanwhile, 24% will prioritise training for staff and 15% plan to invest in recruitment.

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Aldermore said the willingness of UK SMEs to invest in their business is evident in recent lending figures. Gross lending to SMEs stood at £4.8bn in Q4 of 2021, broadly unchanged from the previous quarter and seeing a £22.6bn total for the whole of last year.

Expanding their customer base over the next 12 months is the main priority for 50% of UK SMEs. Business leaders have had to consider business expenses, driven by the impact of the cost-of-living crisis; 45% of SMEs will be focused on reducing them to lessen the impact on their bottom line.

Other priorities to drive growth include:

  • developing new products and services (26%)
  • improving existing propositions (36%)
  • investing in employee retention (25%)
  • reacting to the sustainability agenda (29%).

37% of UK SMEs plan to fund their investment with business savings. However, despite specialist products being available, many business owners are continuing to dip into their own pockets to fund their investments, with 45% funding growth using products designed for personal use such as overdrafts (11%) or personal lines of credit, such as credit cards (10%).

Tim Boag, group managing director, business finance at Aldermore, said: “It’s encouraging to see that SMEs are planning to invest significantly in their business during the next year. Despite broader economic uncertainty, the cost-of-living crisis and ongoing supply chain issues, business confidence remains high, and SMEs are continuing to look to the future: to their recovery, growth and even transformation.

“However, it’s concerning that many SMEs are relying on products not designed for business use to fund their investments. Business leaders should explore specialist funding options designed with their specific challenges in mind, such as invoice finance or asset finance.

“At Aldermore, we’re focused on supporting SMEs, using our expert knowledge and specialist finance products. We recently created a new tool: the Aldermore BusinessFundingFinder, which allows businesses to answer a few simple questions around their requirements, such as the amount of funding needed, type of lending required and based on their circumstances, it guides businesses to solutions suitable for their needs.”

Source: Best Advice

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2.1 million UK SMEs are ‘just getting into balance’

UK SMEs are ambitious for the opportunity to regain lost ground after the pandemic, but risk being held back by a myriad of rising pressures, including rising costs and cash flow challenges.
According to Bibby Financial Services’ (BFS) annual SME Confidence Tracker survey, this difficult operating environment causes friction and fragility among smaller businesses.

Examining the views of 500 UK SME owners and decision-makers, it finds that 82% of SMEs now feel confident about their prospects this year, an increase of six percentage points over 2021, and over the last six months has 56% of companies reported an increase in sales.

But the report warns that although SMEs have duly earned their resilient reputation, this optimism is set against the backdrop of continued uncertainty. Research shows that profitability is on a knife-edge, with four out of ten now describing themselves as ‘just about going into balance’, equivalent to 2.1 million SMEs and only half describing themselves as profitable.

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Derek Ryan, CEO of Bibby Financial Services in the UK, said: “UK companies are facing a heady cocktail of problems that threaten to impact growth forecasts for 2022 and beyond, including rising inflation, skills shortages and a cost-of-living crisis that not seen on such a scale in the 21st century.Although our report highlights a stoic resilience among the UK SME community, many are still struggling to keep their heads above water and work on a daily basis instead of looking ahead to growth. “

The report highlights key concerns for SMEs, with companies ranking inflation, conflicts in Europe and supply chain disruptions as key concerns in addition to the persistent challenges posed by COVID-19.

Concerns vary from industry to industry, where SMEs in the manufacturing sector are most concerned about inflation, the rising cost of raw materials – such as steel – and staffing costs. The construction and wholesale sector SMEs are mostly preoccupied with conflicts in Europe. While the biggest concerns for carriers include cash flow, Brexit and staff shortages, as well as the shortage of truck drivers and the impact of bureaucracy on cross-border trade.

Overall, more than a quarter of companies highlighted cash flow as a concern. Nearly one in five said they need cash flow support more now than before the pandemic, and 9% said they do not even have the cash flow they need to operate on a daily basis.

When the cash flow is so crucial to the company’s survival, late or failed payments can be fatal to this new strain of ‘Just About Breaking Evens’. More than a quarter (28%) – equivalent to 1.5 million companies – say they have suffered bad debts in the previous 12 months, with amounts being written off due to customers’ non-payment or long-term default. This is significantly higher than in 2021, where 20% reported bad debt, and the report finds that SMEs have written off an average of £ 10,329 in the last year alone.

Ryan continued: “SMEs faced the pandemic with courage and now they must continue to adapt and change in order to carefully deal with the rising costs of doing business. It is clear that cash flow challenges and payment problems continue to plague companies, and it is now more important than ever that they have access to working capital to support day-to-day operations and to repay debts raised at the height of the pandemic. But they can not succeed alone; the private and public sectors, and we urge policy makers to look closely at broader tax cuts and energy subsidies to help SMEs and to ensure that they continue to play a key role in the UK’s economic recovery. “

Source: News Dubai

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Pandemic recovery lifting SMEs’ confidence – survey

Small and medium enterprises (SMEs) are increasingly optimistic as economic recovery from the COVID-19 pandemic continues, according to a study by premium finance firm Premium Credit.

The study found that 37% of SMEs expect their revenues to increase over the next 12 months, with 15% predicting increases of 10% or more. Twenty-six percent expect revenues to fall over the next 12 months, while 18% expect them to stay the same. Twenty-one percent said they do not know what will happen over the next 12 months.

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The general recovery from the impact of the COVID-19 pandemic was cited as the main driver for revenue growth by 58% of firms expecting growth, while 35% said it will be driven by launching new products and 34% by entering new markets.

Among firms that predicted falling revenues, 33% said they are still suffering from the impact of the pandemic, while 32% said they have lost clients, some of which have gone out of business.

Premium Credit’s Insurance Index, which monitors insurance buying and how it is financed, found that SMEs’ savings are being depleted. Twenty-seven percent of firms said their savings fell in the past 12 months, while 20% reported increased savings. For this year, around 5% had no savings, compared to 7% last year.

“Rising confidence among SMEs is good news, but companies clearly still face a lot of challenges in the year ahead and many have depleted their savings as they start to invest,” said Owen Thomas, chief sales officer of Premium Credit. “Premium finance is a very cost-effective way for businesses to buy insurance, and better manage their finances and cash flow by spreading payments. Our research shows nearly six out of 10 SMEs use some form of credit to ensure they can still afford business-critical insurance.”

By Gabriel Olano

Source: Insurance Business UK

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Small business loan vs cash advance: what is the difference?

Small-to-medium enterprises, or SMEs, represent around 90% of all business, and 50% of global employment according to the latest estimated by the World Bank. Small businesses represent the majority of the marketplace, but lenders are less certain about their prospects and so many such companies fid it difficult to secure credit financing.

Two ways in which an SMEs can secure credit are business loans and business cash advances, but what are the differences?

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What is a business loan?

A business loan is a form of lending, geared towards providing a company or other professional organisation with short-term cashflow – whether for growth purposes, or to weather a downturn in finances. Where a traditional personal loan is leveraged against the individual that applies for it, business loans are most commonly secured against the business and its assets.

There are two key types of business loan: secured, and unsecured. Secured business loans utilise business assets as a form of security or “collateral”, which the lender can seize and sell in the event the business cannot pay back the loan. Unsecured loans are more useful for smaller or younger businesses, as they do not require any form of asset security to set up, but at the same time generally come with a higher interest rate to compensate for the additional risk to the lender.

What is a business cash advance?

A business cash advance is a form of lending based on a given business’ existing and projected card revenue. Cash advances are generally a fixed sum with a variable repayment rate; a lender will examine your cashflow and potential future income from card transactions, and offer you a percentage of that card volume as an advance payment. Repayments are variable in relation to your actual monthly card volume, where you pay less on months with fewer transactions.

What are the differences?

Business loans and cash advances share some core traits in common, but generally serve different purposes. They are both key forms of borrowing for growing and established businesses, presenting the opportunity for sustainable growth with shrewd financial planning. However, they also have some crucial differences that are well worth understanding before making any major decisions on behalf of a business.

Firstly, business loans are a long-term form of lending. Though it is possible to take out short-term business loans, a majority include repayment terms of a year, 18 months or longer – with the ceiling for repayment periods at 25 years. Cash advances are typically shorter-term, and can often be organised more quickly.

While repayments for business loans are regular each month, the amount you repay in total could change depending on the rate of interest on the loan. Meanwhile, business cash advances are for an agreed fixed sum with repayments taken as a proportion of revenue, so the final bill will not change but it may take more or less time to pay it back and the monthly cost will vary depending on revenues.

Source: Descrier

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The UK economy can thrive by supporting women

£250bn would be added to the UK economy if women started and scaled up businesses at the same rate as men.

In the past two years, with the economy disrupted by a pandemic and lockdowns, many people have had to find new ways to make ends meet. One less-told side of that story is that Companies House data shows 140,000 businesses were started by women in 2021, compared to 56,000 in 2019. The NatWest SME (small and medium-sized enterprise) Taskforce devoted its most recent event to discussing how women entrepreneurs can be better supported and financed to build on this.

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NatWest’s A Springboard to Recovery report highlighted that increasing female entrepreneurship and the productivity of women-led businesses is one of the biggest opportunities for growing UK gross value added (GVA). More than doubling the number of women-led businesses and increasing their productivity by about 40 per cent would drive around £50bn in GVA, adding around 50,000 new female entrepreneurs and 260,000 more women-led businesses in the UK economy by 2030.

There have been a series of efforts to support more women entrepreneurs and to remove the barriers to them. In 2019, Alison Rose, chief executive of NatWest Group, was asked by the Treasury to look into why women face more barriers in entrepreneurship. In response to her report, the government announced an ambition to increase the number of women entrepreneurs by 50 per cent to 600,000 by 2030.

“The headline from the initial report many of you will remember was that if women were to open and scale businesses at the same rate as their male counterparts, it would add £250bn to the UK economy,” said Julie Baker, head of enterprise, climate engagement and partnerships at NatWest.

Baker set out some of the work she has been doing with strategic partners from both the private and public sector to support entrepreneurs, especially those from “harder-to-reach” communities and minority communities. “Two years into the pandemic, female entrepreneurship has proven to be exceptionally resilient. And in fact, I think we were all surprised when we saw the number of female-founded firms that were created last year,” she said.
“We know that a lot of females were impacted by furlough,” Baker continued, with around 58 per cent of all those furloughed being women. Many worked in lower-paid jobs and in sectors that were badly affected by the lockdowns, such as retail, health and beauty. “They all sat at home thinking ‘what can I do with all this time’ and they set up a business,” she said.

However, one of the persistent issues for women-led businesses is how to scale up, and it is not yet clear whether these new businesses will carry on as “side hustles” or scale up. Baker said NatWest is launching a Gender Index, which will keep a live count on women-founded companies, and that it will be updated on a regular basis.
One of the main barriers to women is still access to finance. Data shows women-led businesses got less money on average from, for example, the Start-up Loan and Bounce Back Loans schemes, and women often do not ask for the amount of capital they need, Baker explained. This disparity in funding is an issue “across the board” she said.

“Women tend to be more conservative than men, even though they tend to outperform men,” added Demi Ariyo from lending platform Lendoe. “We’ve seen that across the board in our portfolio, particularly with repayments as well.”

The Investing in Women Code launched with 20 members in 2019 and commits financial institutions that sign up to share their data on lending to women and report annually. This means they are committed to focusing on making their processes simple for women to access finance. The Investing in Women Code now has 134 signatories, including mainstream banks and venture capital, such as the UK Business Angels Association. Members are also making more funding available to women entrepreneurs. NatWest Group’s Rose launched a £2bn SME fund at the bank and other banks are now following suit. Alongside this are best practices in place to support entrepreneurs, such as event programmes, mentoring, and access to markets and networks.
Childcare is another key issue for women entrepreneurs, with many women taking on even more caring responsibilities during the pandemic. Women entrepreneurs took on an average of six to ten hours more caring responsibilities than their male counterparts, and 62 per cent are less likely to recover financially as a result of that inequality, Baker said.

The UK Business Angels Assoication is working with NatWest and other partners on a women angel investment campaign, with a focus on regional events supporting mentoring and work with stakeholders. The organisation’s executive chair, Jenny Tooth, said they are currently mapping out the picture of women angel investors and running a “women backing women” campaign to encourage women investors to invest in companies led by women.

In a challenging economic environment, investing in women entrepreneurs and women-led businesses can deliver huge economic and social benefits. The challenge is to remove those long barriers that keep women from starting up or expanding and ensuring that the impact of economic uncertainties in 2022 does not halt or reverse the progress we are making as a business community.

By Andrew Harrison

Source: The New Statesman

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Nearly two thirds of SMEs find digitalisation useful for revenue growth

New research from IONOS, one of Europe’s largest cloud and hosting services providers, has found that just under two-thirds (63%) of SMEs find digitalisation useful for revenue growth, and nearly three-quarters (70%) of those asked find it useful for winning new customers.

IONOS conducted the research to understand where digitalisation is tracking in terms of businesses priorities and what aspects SMEs find important for driving their business forward, as well as key challenges. The research, conducted by YouGov on behalf of IONOS, polled a total of 1,002 UK SMEs.

The research also explores how UK SMEs compare to their European counterparts, with over 3,000 individuals in France, Spain and Germany polled.

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Interestingly, the results show that UK SMEs feel less impacted by barriers to digitalisation, compared to their European counterparts. Respondents in all countries rate costs and lack of time as the major barriers to digitalisation for their companies, however the UK came out lowest for both of these with four in 10 stating both time (42%) and costs (40%) as key issues.

UK businesses also feel more knowledgable overall about digitalisation, with only 29% saying this is a barrier, compared to over half (51%) of those asked in Spain.

The UK is the frontrunner in digitalisation implementation when compared to the other countries polled, with almost 80% of UK SMEs surveyed having a website, 76% using an email with their own domain and 64% using social media to further their business needs. France came out much lower, with just over half of those asked having a website (52%), and under half (47%) using social media.

Following the pandemic, digitalisation continues to be central for SME business models, with three quarters (76%) stating it as important to the future viability of the business.

Given the increase in cyber attacks experienced since the pandemic, and the tightening of data compliance, it’s unsurprising to see that – besides being visible on the internet (46%) – IT security and data protection are two of the top areas of focus for SMEs implementing digital measures (42%), followed by collaboration with employees, partners and customers (39%) and digitalisation of the complete business model (28%), showing a shift to a more digital-focused approach.

The second-year IONOS has conducted research into SME digitalisation, one area of growth in the UK highlighted is the increase in SMEs offering products via an online shop, with this jumping from 22% in 2021 to 33% in 2022.

“Many small and medium-sized businesses have finally realised that digitalisation secures their future viability,” says Achim Weiß, CEO of IONOS. “However, the results of the YouGov survey unfortunately also show that there are still drawbacks in the implementation. When budget and lack of time prevent companies from this essential task, simple, unbureaucratic help and solutions are needed!”

Looking at wider business investment areas for SMEs, nearly seven in ten (68%) rate sustainability and environmental protection for their company as important and over half (53%) stated sustainable suppliers as key – something that will be considered when choosing technology suppliers too.

Exploring the views on sustainability in more detail, 38% found certification and seal of approval for sustainable products or companies as important for sustainability in the company. When exploring obstacles to becoming more sustainable though, financial resources (32%) and knowledge and skills (22%) came out as the top issues.

By James Cook

Source: Business Leader

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Unsecured Business Loan Case Study

The Client:

A client had a requirement for some business finance. The money was to be used for Working Capital and for Business Expansion. They wanted to raise between £10,000 – £15,000 and needed the funds urgently.

The Scenario:

Unsecured Business Loans still tend to be a niche product and remains a higher risk product for the Lenders. As a result, it is a limited market and clients do not have as many options available to them as a standard secured lending product like a mortgage.

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After the pandemic, most Lenders have been extremely cautious and want to ensure that they are supporting business whilst still lending money responsibly. This also means that the liquidity in this market is less as compared to pre-pandemic levels.

This is where we come in as a Specialist Commercial Finance Broker. We understand our Lending Partner requirements and ensure that we meet our clients’ requirements to them. As an example, a business may be looking for a Business Loan for equipment or for a machinery purchase. A standard / traditional Business Loan may be too expensive for the business, but we would look at offering them an asset finance facility in this instance. This gives the customer the equipment they need and essentially the Lender the security they require.

The Solution:

As a result, with this client, we identified that the client had a high turnover business. For businesses such as off-licences, corner shops, newsagents etc, the turnover tends to be high. Therefore, we were able to arrange a £12,500 turnover-based loan which was to be repaid in a mid – short term period.

This was good for the client as they wouldn’t have to be drawn out into long winded finance and using the power of their turnover, they will be able to repay the loan in 5 months. The client was also delighted as they received the funds in 24 hours of their initial enquiry to us. Our role was key in being able to work to the clients’ requirements and pace. There are multiple other options we would have been able to explore with business in a different position.


Both Secured and Unsecured Business Loans are accessible to businesses of all shapes and sizes – working with a Business Loan Broker like ourselves we will search the whole market for you to find the best Lender and Rates for your particular business. Additionally, we shall present the loan application to the Lenders in the format and language they wish to see, which in doing so, will significantly improve your chances of being approved for a Business Loan.

For full details on the types of Business Loans available please visit our Business Loans page.

To know more and speak to one of our Business Finance Brokers for a FREE Quotation and Advice, call us now on 03303 112 646. You can also fill in this short online form to get started. Our team of Business Finance Brokers will get back to you straight away.