recovery loan scheme venn diagram

Why Use Recovery Loan Scheme?

Reasons Why Recovery Loan Scheme Works Let’s start with the obvious. The Coronavirus Business Interruption Loan Scheme (CBILS) was a one off, really good, never to be repeated loan scheme so anything you compare to that is going to leave you disappointed. What you need to do is compare what the Recovery Loan Scheme offers
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business lending misconceptions

Misconceptions About Business Finance

Not A Lot Of People Know That The best way to demystify a few misconceptions about business lending is to start by quoting Michael Caine. Whilst I can’t promise this will blow your blo*dy doors off, it may make you think a little differently. I Never Used To Use Amazon Roll the clock back 10
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CBILS to RLS

The Solution For When CBILS Repayments Bite Back

When CBILS Bites Back CBILS finally ended on 31st March 2021, as of June 2020 £38bn had been advanced to 910k businesses. Between now and March 2022 businesses will need to start making repayments to these loans or seek agreement from their lender for special terms outside of the standard CBILS scheme. Many of these
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Capital allowance march 2023 new equipment

Equipment & Asset Finance – Capital Allowances

Equipment & Asset Finance – Capital Allowances Also known as the ‘super deduction‘, there is an increase in what companies can claim back against their corporation tax when purchasing new assets or equipment. Historically, companies could claim back the cost of new equipment and asset purchases as a P&L cost, meaning that their corporation tax
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open banking lending businesses truth

Open Banking – The Truth & What it Does

Open Banking – The Truth There is a video here, if you want the wordy explanation, here goes. Open Banking is a system that allows one piece of software to access your bank details. For many of us we do this all the time when paying online or connecting our business account to Xero or
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Why Getting A Bank Loan Is Like Dating

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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