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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The DO’s and DON’Ts When Applying For Funding There are plenty of resources out there for finding commercial finance, seeking business grants, writing a business plan etc. However, there are very few pragmatic and realistic guides as to what you should and should not do. Here is the Lime Consultancy simple list of do’s and
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Personal Guarantees Also referred to as a ‘PG’, a personal guarantee is where you become personally liable for your business liabilities. The most common scenario is where your business borrows money and the lender asks for the director to provide a ‘Personal Guarantee’. The rationale is simple, a limited company can be folded or wound
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The UK Economy Has anyone noticed a change in tact recently, that the media are slowly starting to talk more positively about the UK economy? Is this a genuine sign that things are starting to improve in the UK economy, and more importantly can we all suddenly start to breath a sigh that the worst
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Business Finance Is a Foreign Language When you go to Spain it is fair to say we all know a few words, could order our cerveza, count to 10 and the rest. Not many of us are fluent. Take that then try mixing that with a bit of Mandolin, Flemish, Arabic, and Esperanto. Just how
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Your Personal credit rating used to be talked about as something mysterious or the great unknown. Nowadays a personal credit rating is something easily accessible and open for you to view. The challenge here is in understanding what the report is telling you and knowing how this will impact on your business’s ability to seek
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For a while now we have felt that something has been missing from our proposition. The solutions we provide for business finance, commercial lending and business growth are great, but we needed to be noticed more. After some serious thought we decided to slightly re-brand and launch our first piece of promotional literature. Lime Consultancy
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It never ceases to amaze that many businesses spend more time comparing and preparing for small changes in their business, yet don’t put the same time and research into raising company finance. This may be down to a basic understanding, and that most high street lenders (banks) are guarded about how they asses finance, and
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