Explainers

APR stands for Annual Percentage Rate. It is a term that appears frequently in relation to borrowing and consumer finance products, and it is often included in discussions about credit cards, loans and other forms of finance. Although the abbreviation is widely recognised, it is not always explained clearly in everyday reporting. In simple terms,…

Business grants and business loans are often mentioned together because both can provide funding to support commercial activity. Despite that similarity, they are not the same thing. The way they are structured, the way they are awarded and the role they play in the wider funding landscape are all quite different. A business grant is…