Apply for a business loan
Whether you are financing a new business or investing in business growth, a bank loan can be an attractive option. However, one in ten business loan applications are rejected. To help avoid this...
View ArticleBank-business relationship scrutinized
Business secretary Peter Mandelson has announced the creation of a panel to monitor how banks are lending to small businesses. At the first meeting of the Small Business Finance Forum this week, the...
View ArticleRenegotiating your loan repayments
There will be occasions when it is necessary to renegotiate the amount of your loan, the repayment period, or the conditions such as interest rate or personal guarantees. Where the assets of a business...
View ArticleArranging a business overdraft
An overdraft is one of the most common ways to finance your business. If your need for money is likely to be fairly short-term, such as to cover a temporary shortage of cash or modest start-up...
View ArticleApplying for a business credit card
You can't carry large amounts of cash around with you everywhere you go and so having the use of a credit card is especially useful. It also offers the benefit of record where and when you bought...
View ArticleComplaining to the Financial Ombudsman Service
The Financial Ombudsman Service (FOS) is there to resolve complaints about banking services from consumers and small businesses, with turnovers up to €2m and less than ten employees. The FOS is free to...
View ArticleAvoiding defaulting on a loan repayment
If you fail to comply with the terms of a loan by not meeting interest or capital payments by their due dates, then you could find yourself in default. The telltale signs that should alert you to the...
View ArticleManaging your bank manager
Ensure you have a bank and a bank manager who are capable of giving you what you want. It’s not always a good idea to keep your business account at the same bank as your personal account. Resist the...
View ArticleUnderstanding business grants
A grant is a sum of money that is given to your business. Grants have often been called free money – but they're not. There will be time involved in applying for grants, and the grant will come with...
View ArticleApplying for a business loan
Understanding banks: how to secure funding for your business successfully Many business owners get frustrated when dealing with banks. Some feel the application process for loans takes too long or is...
View Article
