Category: Business finance news

  • Financial support for UK businesses during the Coronavirus

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    Financial support for UK businesses during the Coronavirus

    22 March 2020

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    Updated Monday 23rd March 2020

    As the Coronavirus (COVID-19) continues to effect UK businesses, including impacting their cash flow and placing some at risk of insolvency.

    The UK Government has announced several measures, as well as pre-existing initiatives for business funding. We look at some of these in further detail in this article.

    1. ‘Time to Pay’ for business tax

    Businesses and self-employed individuals with outstanding tax liabilities, who are in financial distress, will be given support in settling their tax affairs through the ‘Time to Pay’ scheme.

    This is where HMRC offer a time-limited deferral period on monies owed and a pre-agreed repayment schedule.

    The usual 3.5% annual interest on deferred tax will be waived during the Coronavirus pandemic

    2. Deferring VAT and Income Tax Payments.

    VAT

    You can defer VAT from 20th March 2020 until 30th June 2020 and ‘ALL’ UK businesses are eligible.

    This is an automatic scheme with no application required. Businesses will not need to make VAT payments during this period, with liabilities accumulated settled before the end of the 2020 to 2021 tax year.

    VAT refunds and reclaims will be paid by the government as normal.

    Income Tax

    Payments that were due on 31st July 2020 will be deferred until 31st January 2021 and ‘ALL’ Self Employed individuals will be eligible.

    This is an automatic scheme with no application required. No penalties or interest for late payment will be charged in the deferral period.

    3. Support for businesses borrowing funds

    This is the new Coronavirus Business Interruption Loan Scheme (CBILS), which will support those businesses that would not traditionally meet the criteria of certain ‘accredited’ funders. This scheme will cover business loans, invoice financing, asset finance and overdraft facilities.

    This scheme should come into effect on the week commencing 23rd March 2020. It will provide more attractive terms for both businesses applying for new facilities and funder.

    It will provide funders with a government-backed guarantee on the facility that is being offered to the business, potentially enabling a positive outcome for the business, on a facility where they usually do not meet the criteria. (Note that the business / borrower will always remain 100% liable for the debt)

    The government will also cover the first 12 months of interest payments so that the businesses will have lower initial repayments, though the business will remain liable for the repayments of capital.

    The British Business Bank is still in the process of defining and agreeing the scheme’s details, specification and eligibility.

    The Funding Store work with 6 accredited providers of the CBILS scheme. So do not hesitate to contact us should you need assistance sourcing funding.

    4. The Coronavirus Job Retention Scheme

    This scheme is open to ‘ALL’ UK businesses and the steps that businesses will need to take are as follows:

    • Designate affected employees as ‘furloughed workers,’ and notify your employees of this change – changing the status of employees remains subject to existing employment law and, depending on the employment contract, may be subject to negotiation.
    • Submit information to HMRC about the employees that have been furloughed and their earnings through a new online portal – information that will be requested is yet to be confirmed.

    HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of £2,500 per month. HMRC are working urgently to set up a system for reimbursement. Existing systems are not set up to facilitate payments to employers.

    If your business needs short term cash flow support, then please contact The Funding Store on 01908 882420.

    5. Statutory Sick Pay relief package for SMEs

    The government will bring forward legislation that will allow small and medium sized businesses and employers to reclaim SSP paid for sickness absence due to COVID-19. The eligibility criteria is as follows:

    • This refund will cover up to 2 weeks’ SSP per eligible employee who has been off work because of COVID-19.
    • Employers with fewer than 250 employees will be eligible – the size of an employer will be determined by the number of people they employed as of 28 February 2020.
    • Employers will be able to reclaim expenditure for any employee who has claimed SSP (according to the new eligibility criteria) as a result of COVID-19.
    • Employers should maintain records of staff absences and payments of SSP, but employees will not need to provide a GP fit note. If evidence is required by an employer, those with symptoms of coronavirus can get an isolation note from NHS 111 online and those who live with someone that has symptoms can get a note from the NHS website.
    • Eligible period for the scheme will commence the day after the regulations on the extension of SSP to those staying at home comes into force.
    • The government will work with employers over the coming months to set up the repayment mechanism for employers as soon as possible.

    A rebate scheme is currently being developed and further details are still to be provided as the legislation has yet to pass.

    6. Business rates holiday for retail, hospitality and leisure businesses

    A business rates holiday will be introduced for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year. Businesses that received the retail discount in 2019 to 2020 tax year will be rebilled by their local authority as soon as possible.

    You are eligible for the business rates holiday if:

    • Your business is based in England.
    • Your business is in the retail, hospitality and/or leisure sector.

    Properties that will benefit from the relief will be occupied and that are wholly or mainly being used for:

    • Shops, restaurants, cafes, drinking establishments, cinemas and live music venues.
    • Assembly and leisure.
    • Hotels, guest & boarding premises and self-catering accommodation.

    How to access the scheme

    No application is required, this will automatically apply to your next council tax bill in April 2020. However, local authorities may have to reissue your bill automatically to exclude the business rate charge. They will do this as soon as possible.

    7. Cash grants for retail, hospitality and leisure businesses

    The Retail and Hospitality Grant Scheme provides businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property.

    For businesses in these sectors with a rateable value of under £15,000, they will receive a grant of £10,000.

    For businesses in these sectors with a rateable value of between £15,001 and £51,000, they will receive a grant of £25,000.

    You are eligible for the grant if:

    • Your business is based in England.
    • Your business is in the retail, hospitality and/or leisure sector

    Properties that will benefit from the relief will be occupied and that are wholly or mainly being used for:

    • Shops, restaurants, cafes, drinking establishments, cinemas and live music venues.
    • Assembly and leisure.
    • Hotels, guest & boarding premises and self-catering accommodation.

    How to access the scheme

    Your local authority will write to you if you are eligible for this grant, so no application is required. Guidance for local authorities on the scheme will be provided by the government shortly.

    8. Support for businesses that pay little or no business rates.

    An additional Small Business Grant Scheme will be provided buy the government, which will allow local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBBR), rural rate relief (RRR) and tapered relief.

    This scheme will provide a one-off grant of £10,000 to eligible businesses to help them meet their ongoing business costs.

    You are eligible for the grant if:

    • Your business is based in England.
    • You are a small business and already receive SBBR and/or RRR.
    • You are a business that occupies property.

    How to access the scheme

    Your local authority will write to you if you are eligible for this grant, so no application is required. Guidance for local authorities on the scheme will be provided by the government shortly.

    9. Support for larger firms through the COVID-19 Corporate Financing Facility

    Under the new Covid-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies.

    This will support your company if it has been affected by a short-term funding squeeze, and allow you to finance your short-term liabilities.

    It will also support corporate finance markets overall and ease the supply of credit to all firms.

    ‘ALL’ UK businesses are eligible.

    How to access the scheme

    The scheme will be available early in the week beginning 23rd March 2020. More information is available from the Bank of England. (https://www.bankofengland.co.uk/markets/market-notices/2020/ccff-market-notice-march-2020)

    10. Support for nursery businesses that pay business rates

    The UK government will introduce a business rates holiday for nurseries in England for the 2020 to 2021 tax year.

    You are eligible for the business rates holiday if:

    • Your business is based in England.

    Properties that will benefit from the relief will be hereditaments:

    • Occupied by providers on Ofsted’s Early Years Register.
    • Wholly or mainly used for the provision of the Early Years Foundation Stage.

    How to access the scheme

    There is no action for you. This will apply to your next council tax bill in April 2020. However, local authorities may have to reissue your bill to exclude the business rate charge. They will do this as soon as possible.

    IT IS IMPORTANT THAT YOU ASSESS YOUR OPTIONS AT THE EARLIEST OPPORTUNITY BEFORE IT LEADS TO MORE CRITICAL LIQUIDITY ISSUES.

    Contact The Funding Store today on 01908 880420 to discuss your funding options.

    Article information correct as 22nd March 2020 and updated 23rd March 2020

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    This article has been produced by The Funding Store for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store (MK) Limited. In all cases appropriate professional advice should be sought before making a decision.

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  • Coronavirus Business Loans

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    Coronavirus Business Loans

    What you need to know and how we can help

    [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container admin_label=”Intro” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”yes” menu_anchor=”” hide_on_mobile=”no” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”0px” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=””][fusion_builder_row][fusion_builder_column type=”2_3″ layout=”2_3″ spacing=”yes” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”no” class=”” id=”” background_image_id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” border_radius_top_left=”” border_radius_top_right=”” border_radius_bottom_right=”” border_radius_bottom_left=”” box_shadow=”no” box_shadow_vertical=”” box_shadow_horizontal=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”20px” margin_bottom=”” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”down” animation_speed=”0.1″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”false” first=”true”][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”20px” bottom_margin=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

    We have had a large volume of enquiries regarding the availability of business finance and the Coronavirus Business Interruption Loan Scheme (CBILS) during this uncertain time.

    We have been regularly speaking to our panel of lenders to stay informed on the availability of finance to help our clients access the appropriate funding for their business.

    We can source your finance

    If you need finance, for example to cover cashflow shortages, to pay employees until Government funding becomes available or to buy stock we would urge you to contact our team as soon as possible to discuss the finance available to you.

    The key message is that business finance remains available and we can assist you. Often we are able to secure finance offers within 48 hours from speaking to our account managers.

    CBILS finance for businesses

    We are working with various lenders accredited for CBILS finance, as well as other leading lenders. Our aim is to help you find a suitable option for your business. We will check your eligibility for the finance options available to you and provide guidance on your application.

    Finding your finance match

    We work across various types of finance including business loans, overdrafts, invoice finance and asset finance. You can talk to our account managers about which might be suitable for your business in light of the current climate.

    Expanding our support

    During this time, as demand for business finance has risen, we have expanded our service. This means our advisors will be available for your call 7 days a week, from 8am to 8pm.

    We would like to extend our thoughts and best wishes to all of our clients, contacts and colleagues during this uncertain time.

    Kind regards,

    The Funding Store Team

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    Get in touch

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    This article has been produced by The Funding Store for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store (MK) Limited. In all cases appropriate professional advice should be sought before making a decision.

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  • Coronavirus Business Interruption Loan Scheme

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    Coronavirus Business Interruption Loan Scheme

    17 March 2020

    [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container admin_label=”Intro” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”yes” menu_anchor=”” hide_on_mobile=”no” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”0px” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=””][fusion_builder_row][fusion_builder_column type=”2_3″ layout=”2_3″ spacing=”yes” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”no” class=”” id=”” background_image_id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” border_radius_top_left=”” border_radius_top_right=”” border_radius_bottom_right=”” border_radius_bottom_left=”” box_shadow=”no” box_shadow_vertical=”” box_shadow_horizontal=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”20px” margin_bottom=”” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”down” animation_speed=”0.1″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”false” first=”true”][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”20px” bottom_margin=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

    Due to businesses already feeling the impact of Covid-19 the Government has announced a temporary Coronavirus Business Interruption Loan Scheme.

    Keith Morgan, Chief Executive, British Business Bank, said: “At Budget 2020, the Chancellor has announced new measures relating to the British Business Bank. Together they represent a significant package of funding that further underlines the critical role of the Bank in making finance markets work better for smaller businesses across the UK, allowing them to prosper and grow”.

    Coronavirus Business Interruption Loan Scheme

    This scheme will temporarily replace the existing EFG (Enterprise Finance Guarantee) scheme, making an additional £1bn available.

    This scheme will be delivered by the British Business Bank, who says that it should be in place within a matter of week, enabling the support to SMEs by giving them access to bank lending and overdrafts.

    The government will support lenders by guaranteeing up 80% of each loan, subject to a limit on bad loans it makes claims on.

    By providing this additional funding, the government is hoping to give lender more confidence in approving credit for the UKs Small Businesses that may not have the enough turnover or equity to meet the lender’s standard criteria.

    Please note that even under this scheme, the small business will be liable for 100% of the debt.

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    Get in touch

    [/fusion_text][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””][forminator_form id=”3385″][/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container admin_label=”Clients logos” hundred_percent=”yes” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”yes” menu_anchor=”” hide_on_mobile=”no” status=”published” publish_date=”” class=”” id=”” link_color=”” link_hover_color=”” border_size=”0px” border_color=”” border_style=”solid” margin_top=”0px” margin_bottom=”0px” padding_top=”0px” padding_right=”10″ padding_bottom=”0px” padding_left=”40″ gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ 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hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

    This article has been produced by The Funding Store for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store (MK) Limited. In all cases appropriate professional advice should be sought before making a decision.

    [/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_6″ layout=”1_6″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” border_radius=”” box_shadow=”no” dimension_box_shadow=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”true” element_content=”” first=”false”][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

  • Meet The Funding Store team at LAMMA20

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    Meet The Funding Store team at LAMMA20

    16 December 2019

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    With just weeks to go until LAMMA20, the UK’s largest farm machinery / technology event being held at the NEC, we are pleased to announce that once again, our team will be greeting visitors to our stand on Tuesday 7th January and Wednesday 8th January.

    This year we are pleased to introduce some new features to our stand including a new seating area where we will be providing live quotes, covering asset finance, asset refinance, overdraft facilities and unsecured business loans.

    So if you are planning to attend, please do drop by for a live finance quote or just a coffee with one of our team in Hall 17 on stand 17.150.

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    Get in touch

    [/fusion_text][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””][forminator_form id=”3385″][/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container admin_label=”Clients logos” hundred_percent=”yes” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”yes” menu_anchor=”” hide_on_mobile=”no” status=”published” publish_date=”” class=”” id=”” link_color=”” link_hover_color=”” border_size=”0px” border_color=”” border_style=”solid” margin_top=”0px” margin_bottom=”0px” padding_top=”0px” padding_right=”10″ padding_bottom=”0px” padding_left=”40″ gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ 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    This article has been produced by The Funding Store for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store (MK) Limited. In all cases appropriate professional advice should be sought before making a decision.

    [/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_6″ layout=”1_6″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” border_radius=”” box_shadow=”no” dimension_box_shadow=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”true” element_content=”” first=”false”][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

  • Broad new measures to ensure small businesses get paid on time

    [fusion_builder_container admin_label=”Clients logos” hundred_percent=”yes” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”yes” menu_anchor=”” hide_on_mobile=”no” status=”published” publish_date=”” class=”” id=”” link_color=”” link_hover_color=”” border_size=”0px” border_color=”” border_style=”solid” margin_top=”0px” margin_bottom=”0px” padding_top=”0px” padding_right=”10″ padding_bottom=”0px” padding_left=”40″ gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”#063d71″ background_image=”” background_position=”left top” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_image_id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” border_radius_top_left=”” border_radius_top_right=”” border_radius_bottom_right=”” border_radius_bottom_left=”” box_shadow=”no” box_shadow_vertical=”” box_shadow_horizontal=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” padding_top=”” padding_right=”” padding_bottom=”0px” padding_left=”” margin_top=”25px” margin_bottom=”0px” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”true” first=”true”][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

    Broad new measures to ensure small businesses get paid on time

    21 August 2019

    [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container admin_label=”Intro” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”yes” menu_anchor=”” hide_on_mobile=”no” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”0px” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=””][fusion_builder_row][fusion_builder_column type=”2_3″ layout=”2_3″ spacing=”yes” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”no” class=”” id=”” background_image_id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” border_radius_top_left=”” border_radius_top_right=”” border_radius_bottom_right=”” border_radius_bottom_left=”” box_shadow=”no” box_shadow_vertical=”” box_shadow_horizontal=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”20px” margin_bottom=”” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”down” animation_speed=”0.1″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”false” first=”true”][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”20px” bottom_margin=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

    For the first time large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures that were recently unveiled by Small Business Minister Kelly Tolhurst.

    Those measures are to include;

    • Proposed new powers for the Small Business Commissioner to tackle late payments through fines and binding payment plans.
    • Company boards to be held accountable for supply chain payment practices for the first time.
    • A new fund is to be set up, to encourage businesses to use technology to simplify invoicing, payment and credit management.

    By making the company boards accountable for supply chain payment practices to small businesses, they hope that it will increase transparency and reduce late payments. These measures would force audit committees to report payment practices in company annual reports.

    The government will consult on strengthening the powers of the Small Business Commissioner to hold to account the minority of larger businesses who fail to make payments on time.

    New powers could include compelling information and disclosure of payment terms and practices, imposing financial penalties or binding payment plans on large businesses found to have unfair payment practices.

    Responsibility of the voluntary code of best practice – the Prompt Payment Code – will be moved to the Small Business Commissioner.

    This will put tools to tackle late payment under one organisation, ensuring the Commissioner has the powers to affect culture change in unfair payment practices.

    Small Business Minister Kelly Tolhurst said:

    “The vast majority of businesses pay their bills on time, with the amount owed in late payments halved over the last five years. But as a former small business owner, I know the huge impact a late payment can have on the ability of a small business to plan, invest and grow.

    Small businesses are the backbone of our economy and through our modern industrial strategy we want to ensure the UK is the best place to start and grow a business. These measures will ensure that small businesses are given the support they need and ensure that they get paid quickly – ending the unacceptable culture of late payment.”

    Philip King, Chief Executive of the Chartered Institute of Credit Management said:

    “This ambitious package of measures will level the playing field for the UK’s 5.7 million small businesses, delivering on the modern Industrial Strategy’s ambition to make Britain the best place to start and grow a business. Ending the culture of late payments will pave the way to boost SME productivity, remove barriers to growth and improve cash flow.”

    If you would like to discuss supplier finance, allowing you to take control of your supply chain by providing your suppliers with access to early payment against their invoices, then The Funding Store can assist.

    Contact us 7 days a week to discuss how we can help you and your business.

    [/fusion_text][fusion_sharing tagline=”Share This Story, Choose Your Platform!” tagline_color=”#063d71″ backgroundcolor=”#ffffff” title=”” link=”” description=”” icons_boxed=”yes” icons_boxed_radius=”#063d71″ color_type=”custom” icon_colors=”#ffffff” box_colors=”” tooltip_placement=”” pinterest_image=”” pinterest_image_id=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][/fusion_builder_column][fusion_builder_column type=”1_3″ layout=”1_3″ spacing=”yes” center_content=”yes” link=”” target=”_self” min_height=”none” hide_on_mobile=”medium-visibility,large-visibility” class=”” id=”” background_image_id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” border_radius_top_left=”” border_radius_top_right=”” border_radius_bottom_right=”” border_radius_bottom_left=”” box_shadow=”no” box_shadow_vertical=”” box_shadow_horizontal=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”down” animation_speed=”0.1″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”true” first=”false”][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”20px” bottom_margin=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_imageframe image_id=”3511|full” max_width=”300px” style_type=”” blur=”” stylecolor=”” hover_type=”none” bordersize=”” bordercolor=”” borderradius=”” align=”center” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″]https://farming-loans.co.uk/wp-content/uploads/2020/07/z.png[/fusion_imageframe][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”20px” bottom_margin=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

    Get in touch

    [/fusion_text][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””][forminator_form id=”3385″][/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container admin_label=”Clients logos” hundred_percent=”yes” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”yes” menu_anchor=”” hide_on_mobile=”no” status=”published” publish_date=”” class=”” id=”” link_color=”” link_hover_color=”” border_size=”0px” border_color=”” border_style=”solid” margin_top=”0px” margin_bottom=”0px” padding_top=”0px” padding_right=”10″ padding_bottom=”0px” padding_left=”40″ gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ 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filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”false” element_content=”” first=”true”][/fusion_builder_column][fusion_builder_column type=”2_3″ layout=”1_1″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_image_id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” border_radius_top_left=”” border_radius_top_right=”” border_radius_bottom_right=”” border_radius_bottom_left=”” box_shadow=”no” box_shadow_vertical=”” box_shadow_horizontal=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” padding_top=”” padding_right=”” padding_bottom=”0px” padding_left=”” margin_top=”25px” margin_bottom=”0px” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”false” first=”false”][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

    This article has been produced by The Funding Store for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store (MK) Limited. In all cases appropriate professional advice should be sought before making a decision.

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  • What is Asset finance and is it right for you?

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    What is Asset finance and is it right for you?

    19 August 2019

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    For many businesses, to grow and become a success it is likely that they will reach a point where they will need to invest funds in vehicles, equipment or perhaps machinery to help them.

    But what if you don’t have the funds upfront to buy these all-important items in order to move forward?

    This is where asset finance can help. But what is asset finance, how does it work and why might you want to consider it as a financing option for your business?

    What is asset finance?

    Yet another straight forward named financing option, the idea of asset finance is that you can borrow funds that you need in order to buy assets that are going to help your business in the long run.

    The main approach that asset finance takes is that the lender will finance or buy whatever it is that you need, with you paying back a monthly fee over a set period of time to pay the amount back, with interest applied, much like a loan.

    Asset financing is often known as lease financing and hire purchase, therefore you can consider either one of these options, depending on the nature of your business and what you need to buy.

    What is hire purchasing?

    When you take out a hire purchase agreement, you will often be required to make an upfront payment for whatever it is that you wish to purchase.

    The rest of the cost of the asset is split down into repayments (with interest) that is paid back monthly for a set period of time.

    When the agreement comes to an end, and once the final payment has been made, your business will then own the asset was outright.

    What is lease financing?

    If you want to pay a lower upfront cost for the asset that you need to buy, then it might be better for you to choose lease financing.

    Unlike hire purchase, the lender will still own the asset that you are using, but you as a company, would be paying to use it during the agreement period.

    The lender buys the asset in full, you only need to pay a small amount of upfront, then the rest of the amount will be split down throughout the term that you have agreed, with interest applied.

    You will need to make regular payments throughout the agreement period.

    There may be an option to keep, or extend, the asset at the end of the agreed repayment term, however, you may find that you need to pay an annual rental fee in order to consider this option.

    Should I choose hire purchasing or lease financing?

    It really does depend on your type of business as to which option you pick.

    You need to consider your payment preference, as well as how much money you actually have to spend in the first instance.

    Once you know how much you have, then you can weigh up the different options and decide which one is going to be right for your business, not only in the short-term, but in the long-term too.

    For asset finance contact us

    We can discuss these different types of asset finance to source a solution that meets your needs. Contact The Funding Store today for a quick quote or to discuss the different aspects of these finance options.

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    Get in touch

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    This article has been produced by The Funding Store for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store (MK) Limited. In all cases appropriate professional advice should be sought before making a decision.

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  • What is a Merchant Cash Advance and is it right for you?

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    What is a Merchant Cash Advance and is it right for you?

    11 July 2019

    [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container admin_label=”Intro” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”yes” menu_anchor=”” hide_on_mobile=”no” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”0px” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=””][fusion_builder_row][fusion_builder_column type=”2_3″ layout=”2_3″ spacing=”yes” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”no” class=”” id=”” background_image_id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” border_radius_top_left=”” border_radius_top_right=”” border_radius_bottom_right=”” border_radius_bottom_left=”” box_shadow=”no” box_shadow_vertical=”” box_shadow_horizontal=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”20px” margin_bottom=”” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”down” animation_speed=”0.1″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”false” first=”true”][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”20px” bottom_margin=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

    Much like the businesses that they help to support, business funders also change and grow over time.

    Not so long ago your choices were limited as to how you could raise funds for your business, which could then be reinvested. However, over time, this has changed and developed.

    One of the most recent types of business finance that you can arrange is a merchant cash advance. But what are they and how do they work?

    What is a merchant cash advance?

    Depending on the industry that they work within, some businesses may not have much in the way of assets which they can then use to secure much needed funding.

    Rather than having to struggle to raise funds in order to grow and develop, the world of business finance has come up with alternative finance approaches which will open up business finance to those companies that might not have been able to secure funding previously.

    The idea behind merchant cash advances is that they use your card terminal to secure funding for your business.

    You don’t need to offer up any security for this lending, instead the company will look at how many card transactions are made each month, and make a decision based on this.

    The repayments that are made on the amount that you have borrowed will be taken as a proportion of the money that you make on future card transactions.

    Why you might want to take out a merchant cash advance

    As this form of borrowing is so quick and easy to organise (as well as being relatively small amounts that are easy to pay back) a merchant cash advance is a great way to raise money that you are going to need for your business in a rush.

    It could be to make repairs to a piece of equipment that has broken, purchase new stock or perhaps to invest into something new that you need in order to run properly.

    The advantages of merchant cash advances

    One of the biggest plus points of choosing a cash advance for your business is that it is incredibly quick and simple to organise.

    Our funders will look through your merchant statements and business accounts, within hours, then offer you an amount based on your affordability and card payments that pass through your business.

    A merchant cash advance is great for seasonal businesses, restaurants and pubs as you pay as you earn.

    If you are having a good month, then you pay back more and vice versa, if you are having a quiet period, then you will pay back less. All with no set timescale or penalties in repaying the advance.

    Another great benefit to choosing a merchant cash advance is that it is ideal for those companies who do not have lots of assets to put against their borrowing, such as those that work in the leisure or catering industries.

    Merchant cash advances, contact us

    Contact The Funding Store to discuss how we can source a competitive merchant cash advance for your business and get a quick quote today.

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    Get in touch

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    This article has been produced by The Funding Store for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store (MK) Limited. In all cases appropriate professional advice should be sought before making a decision.

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  • Secured business loans

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    Secured business loans

    28 June 2019

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    Running a business has its ups and downs.

    There are times when everything is going well and you feel like you are a success with plenty of money coming in and the profit higher than the outgoings.

    However, there are also times when the outgoings are higher than what is coming in and you can feel like things are not going as well as you hoped.

    When this happens, you may start to look at business finance options that are open to you. There are a variety out there that you can choose from and one of these is a secured business loan.

    But what is a secured business loan and why might you need to take one on?

    What is a secured business loan?

    As the name suggests, a secured business loan is a loan for your business which has some form of security offered against it. This security usually comes in the form of property, land, stock or maybe even equipment.

    When you take out a secured business loan, whatever it is that you have offered as security can be claimed by your lender if you do not manage to make the repayments.

    The reasons why you might need to organise a secured business loan

    There are a variety of reasons why you might find that you need to organise a secured business loan. It could be to buy more stock or perhaps to invest in a brand-new product or service that is going to grow your business. You could also organise a secured business loan in order to purchase more equipment that you need for your business.

    Another reason that some businesses may organise a secured business loan is because they are looking to expand, they are looking to grow and that they are looking to find new avenues that can really help you to become the success that you hope to be in the future.

    The things to consider before taking out a secured business loan

    One of the main benefits to organising a secured business loan, particularly when compared to an unsecured loan, is that it is seen as a lower risk to the lender. This is because you have offered some form of security (usually a company asset such as property or stock) which can be claimed if the payments are not made.

    In doing this, the lender is often going to be able to offer up lower rates to you as a borrower, saving you money in the long-term. You may also find that they have longer repayment terms and that their terms are more flexible than other forms of borrowing.

    For secured business loans contact us

    The Funding Store has a selected panel of funders who offer secured loans to both trading businesses and start-up businesses. Contact us to discuss your needs and to arrange a quick quote to see the finance that is available to you.

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    Get in touch

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    This article has been produced by The Funding Store for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store (MK) Limited. In all cases appropriate professional advice should be sought before making a decision.

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  • Start up business loans in the UK

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    Start up business loans

    03 June 2019

    [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container admin_label=”Intro” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”yes” menu_anchor=”” hide_on_mobile=”no” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”0px” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=””][fusion_builder_row][fusion_builder_column type=”2_3″ layout=”2_3″ spacing=”yes” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”no” class=”” id=”” background_image_id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” border_radius_top_left=”” border_radius_top_right=”” border_radius_bottom_right=”” border_radius_bottom_left=”” box_shadow=”no” box_shadow_vertical=”” box_shadow_horizontal=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”20px” margin_bottom=”” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”down” animation_speed=”0.1″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”false” first=”true”][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”20px” bottom_margin=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

    When you first start up a business it is no secret that funds are going to be tight.

    However, the trouble is, when you are in those early stages of growing your business, you are going to need to be able to buy the things that will help you to grow and in turn make money.

    With this in mind, you may find that you need to think about taking out some kind of borrowing, some way to raise funds which you can then invest.

    One of the most common options for brand new businesses to consider are Start-up Business Loans.

    But what are they and why might they be a good idea for your business?

    The main reasons why you might need this funding?

    The thing about a start-up business loan is that it is specifically designed for those businesses that are in their very early stages.

    Often, this type of borrowing is chosen if a business needs to invest in stock, or they need to pay out for a property that they will then use for their business. Some start up business loans are even used to simply cover the costs of setting up the business and getting it underway and making money.

    What are the advantages of a Start-Up Business Loan?

    Compared to some of the other types of borrowing, there are plenty of plus points to choosing a start up loan. One is that you not only receive the money that you need, but you are also to spread the repayments over a longer term in comparison to an unsecured business loan.

    In order to apply for this type of loan you will need to be able to pass through a credit check, your personal affordability will also be checked and the lender will also want to be able to see that your business idea is viable and that there is a potential for growth in the long-term, so have a business plan and cash flow forecast available in case it is needed.

    That said, if you can show these things, then a start up business loan could be the exact boost that your ideas need to get off the ground and help you turn your vision into a fully fledged, successful business.

    For start-up business loans contact us

    At The Funding Store we can help you source a competitive start-up business loan from our extensive panel of reputable funders. Contact us today for a quick quote or to discuss how we can assist you.

    [/fusion_text][fusion_sharing tagline=”Share This Story, Choose Your Platform!” tagline_color=”#063d71″ backgroundcolor=”#ffffff” title=”” link=”” description=”” icons_boxed=”yes” icons_boxed_radius=”#063d71″ color_type=”custom” icon_colors=”#ffffff” box_colors=”” tooltip_placement=”” pinterest_image=”” pinterest_image_id=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][/fusion_builder_column][fusion_builder_column type=”1_3″ layout=”1_3″ spacing=”yes” center_content=”yes” link=”” target=”_self” min_height=”none” hide_on_mobile=”medium-visibility,large-visibility” class=”” id=”” background_image_id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” border_radius_top_left=”” border_radius_top_right=”” border_radius_bottom_right=”” border_radius_bottom_left=”” box_shadow=”no” box_shadow_vertical=”” box_shadow_horizontal=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”down” animation_speed=”0.1″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”true” first=”false”][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”20px” bottom_margin=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_imageframe image_id=”3523|full” max_width=”300px” style_type=”” blur=”” stylecolor=”” hover_type=”none” bordersize=”” bordercolor=”” borderradius=”” align=”center” lightbox=”no” gallery_id=”” lightbox_image=”” lightbox_image_id=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″]https://farming-loans.co.uk/wp-content/uploads/2020/07/www-scaled.jpg[/fusion_imageframe][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”20px” bottom_margin=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

    Get in touch

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    This article has been produced by The Funding Store for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store (MK) Limited. In all cases appropriate professional advice should be sought before making a decision.

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  • Unsecured business loans through The Funding Store

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    Unsecured business loans through The Funding Store

    15 May 2019

    [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container admin_label=”Intro” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”yes” menu_anchor=”” hide_on_mobile=”no” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”0px” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=””][fusion_builder_row][fusion_builder_column type=”2_3″ layout=”2_3″ spacing=”yes” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”no” class=”” id=”” background_image_id=”” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” border_radius_top_left=”” border_radius_top_right=”” border_radius_bottom_right=”” border_radius_bottom_left=”” box_shadow=”no” box_shadow_vertical=”” box_shadow_horizontal=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”20px” margin_bottom=”” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”down” animation_speed=”0.1″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”false” first=”true”][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”20px” bottom_margin=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]

    Running your own business is not always easy. There are going to be times when you make plenty of sales and money seems to be on your side.

    However, there are also going to be times when you are going to find that sales are not quite as high as you hope, or perhaps that you need to make an investment into your business, and you don’t have the cash to do.

    There are a variety of different funding options that are open to businesses when they need a boost to their income, and one of these is an unsecured business loan.

    What is an unsecured business loan?

    Much like any form of loan, the idea behind an unsecured business loan is to borrow a set amount of money, over a set amount of time. This amount is then paid back, with interest, each and every month until it is all paid back.

    An unsecured business loan means that the borrowing is not secured against anything that could be considered a business asset. This includes property and equipment. However, selected funders may ask you for a director’s guarantee.

    Why might you need an unsecured business loan?

    There are a variety of reasons why you might find that you need to apply for an unsecured business loan. One could be to invest in some more stock, which will in turn help you to make more sales. You may also find that you need to apply for an unsecured business loan in order to purchase equipment that is important to your business or even for an unexpected bill.

    Another reason that some businesses may need to organise an unsecured business loan is to open a new location, or perhaps prepare your current premises for an expansion that you need to make.

    Finally, some companies will organise an unsecured business loan because they want to expand what they can offer. This could be expanding their product line, or perhaps adding a variety of new services that your customers are looking for.

    What are the benefits and drawbacks of an unsecured business loan?

    Just like any kind of finance, it is important that you always carefully consider and weigh up the pros and cons of taking out an unsecured business loan. You should decide whether or not they are balanced and whether or not this could be the right financial option for you to take in your business.

    One of the biggest positives to taking out an unsecured business loan is that it is easy to organise. It doesn’t take long to apply for and there are not countless documents that you need to go through.

    For unsecured business loans contact us

    Contact The Funding Store today to talk through your unsecured business loan requirements and to arrange a quick quote, which takes just minutes to show the finance options available to you.

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    Get in touch

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    This article has been produced by The Funding Store for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store (MK) Limited. In all cases appropriate professional advice should be sought before making a decision.

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