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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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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The Covid Impact on Defaults, Risk & Lending And why it matters to you… There is always media coverage and perception of what is going on when it comes to lending, ‘borrowing’ and ‘debt’. We see coverage of what lenders are doing and how it can be difficult to borrow, easy to borrow or that
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How UK Banks Are Changing After years of bank bashing there is now a changing tone to UK banks. Since the financial crisis began to bite back in 2007 there has been little respite for the banking sector. Downturns, defaults, bailouts, they have all been top topics and the banking sector has continued to be
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Write A Better Business Plan We have all seen templates, software, programs etc. All claim to make writing a business plan easier and more fun. Fun? Come on, let’s not push things too far… But you can make writing a better business plan easier by getting in the right mindset and by getting the basics
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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
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Having a poor credit record does not mean that you cannot raise finance for your business, what it means is that your options will be less and you may pay more. The second part to this is that you need to know why you have a poor credit record and take action to put it
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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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