Getting a Bank Loan or Dating? Businesses get turned down for finance, fact. What it doesn’t mean is that your business proposal or the business itself is wrong. Sometimes it just happens. There is a quote from Sahar Hashemi, co-founder of Coffee Republic; For me it’s a numbers game – you should almost notch up
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Business Loans, Social Media Can Help Business loans are one thing, social media another. So how do the two have any bearing on the other? Let me explain… Google Me What is the first thing you do when you want to know something? Answer is to Google it. We all do it. You want to
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IRP – Interest Rate Products Mis-selling These have seen some pretty adverse publicity over the last few years. The bank mis-selling saga concerning the sale of these products has rumbled on, but we are now seeing these cases settled. Bank Settlements Some of our clients have now received offers of settlement. To date we have
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Cashflow Concern A recent survey undertaken by bespoke invoice finance company Platform Black showed the real concerns for UK SMEs as we head into 2014. The survey shows 3 major concerns for the small business sector; 89% said that their biggest headache will be working out how to grow in 2014 70% said that their
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The Bank Doesn’t Understand My Business Is this the most common line said about banks, especially in the last few years? Probably is if our straw poll is anything to go by. Why Don’t Banks Understand? The easy answer here is that the small business and the bank have very different views and a different
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Dangers of On-Line FX Trading What does this mean? Surely having an on-line platform to trade you currencies, book forward rates and options has to be a good thing, doesn’t it? Not necessarily the case and it can often generate more problems than it does provide solutions. On-Line FX Trading – Point One Most of
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Simply having a business loan is not enough. You need to be able to understand what it contains, what it means and what risks it could present to your business. Too often businesses have loan facilities in place but are unaware of the conditions that sit hidden in the detail. Business Loan Example Recently I
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We try and explain the basics of why a banker doesn’t always understand the entrepreneur and vise-versa. To obtain business finance you need to have an appreciation for what the business banker thinks, it is unlikely the bank will change so to succeed you need to be understanding, sorry… The first in our series of
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