Interest rates can make a major difference to business loan repayments. A small change in rate may not look dramatic at first, but over months or years it can affect monthly payments, total borrowing cost and business cashflow. For small businesses, this matters because loan repayments have to be made even when sales are slower…
Sole traders often need funding for equipment, tools, stock, marketing, insurance, software, vehicles, training or working capital. However, getting finance as a sole trader can feel different from applying as a limited company. The business and the individual are closely connected, so lenders often look at both business plans and personal finances. There is no…
Starting a business often requires money before regular income arrives. A new business may need funding for equipment, stock, premises, marketing, website costs, professional fees, insurance, software, vehicles or working capital. For some founders, savings are enough. For others, a loan may be one of the funding routes considered. Business loans for new businesses can…