Latest Q & A
Why use business banking?
My wife and I want to start a boarding kennels business. There are a wide range of business bank accounts available but why use one when all it seems to do is cost money. Why won't an ordinary account do?
Bad banking practice
I requested an appointment to see my business bank manager to set up a business account and find funding to grow my business. It took five weeks for me to get a call from his secretary to send in my business plan. I sent this in only to get a very rude letter telling me they were not interested in my business as a pilates and sports injuries therapst. Why would my bank not even make an appointment with me to arrange for a business account and discussion about a business loan? Is this standard banking practice or just bad practice?
Acquiring a small business loan
Where can I get a small business loan of up to £1,500?
Securing a business loan whilst managing debt
I am 25 and I have some debt from University, which is a £6,000 loan, £3,000 credit card and a student loan which is paid through my employer. Would this type of debt stop me starting up my own business and getting the finance for it? I am a homeowner but I wouldn¹t want to secure a business loan against my house. Is it likely that a bank would touch me at the moment or would I have to wait until the debt is gone?
Opening a business bank account with bad credit
I have a bad credit history and am having difficulty opening a business bank account for my limited company. What else can I do?
Credit history issues: A way around?
I have opened a retail shop in a busy area, I am seeking a business bank account to enable credit/debit card payments. I currently have a very poor credit history but until 5 months ago it was very good. I have a partner with a good credit rating. Will she be able to apply if I make her a shareholder as I have chosen to make the company limited?
Pros and cons of different funding options
My brother and I plan to go into business on the internet selling cosmetics but we need money. What are the pros and cons of the different funding options available?
