Credit Union, What Are They? Traditionally Credit Unions are non-profit organisations set up to by their members to offer a benefit to their local community. They are a ‘union’, by definition being a collective of members. These days Credit Unions may serve a particular sector of industry, a type of demographic or a geographic community.
-> Continue reading What Is A Credit Union?
The Real Reason Banks Wont Lend To Business Anytime Soon The economy is growing, inflation under control, interest rates expected to stay static in 2014, a bit more feelgood in the country. The banks are saying the right things, funding initiatives everywhere. So, why are small businesses still finding it hard to get commercial finance?
-> Continue reading Why Banks Still Won’t Lend To Business
Most mainstream banks use credit scoring as their primary way to assess and judge lending applications. These credit scoring systems have developed and are now extensively used in making both personal and business lending decisions. Most banks will ask the same sort of questions, so we thought why not tell you why these questions are
-> Continue reading Credit Scoring Lending – Why The Same Questions?
The British Bankers Association (BBA) is today thought to appease critics over thoughts it has not done enough with a scheme aimed at appeasing Vince Cable. The BBA are set to announce at it’s annual dinner tonight (22nd July) that it will publish business lending statistics in postcode format. This follows accusations that it has
-> Continue reading SME Finance – Is The World Changing?
Obtaining business investment is one of the most challenging tasks a company will undertake, this is especially prevalent for any small business that lacks the board and range of skills often required to secure business investment. In part one of this article we looked at forecasts and what a company needs to give to receive
-> Continue reading Reasons Business Fail To Get Investment – Part Two
Raising investment funding for your business can be a difficult task, there is no easy solution and there is a large amount of good fortune involved in securing the right investment funding. However, it is not all some mysterious dark art, there are things that you can do to put your business in a better
-> Continue reading Reasons Business Fail To Get Investment – Part One
Financial Accounts never have been the turn-on of an entrepreneur, however a good entrepreneur will at least understand a few key elements of the accounts they receive. There is a saying that ‘Financial accounts should ask more questions than they answer’, we would go a step further and say that accounts rarely answer any question,
-> Continue reading Make Use of Your Accounts – Stock Days, Debtor Days, Creditor Days
Campari? Remind you of Leonard Rossiter spilling a drink over Joan Collins in a 1980’s TV advert? Maybe it does, but Campari is actually a little more influential than that. What, Campari? Explain… If you are running your own business and ever looking to borrow money then we encourage you to drink a Campari, hypothetically
-> Continue reading Campari, More Than a 1980’s Drink