Category

Business Loans

The small business loans section has in-depth advice articles and guides on how and where start-up companies and SMEs can get a UK business loan, whether from established commercial finance providers, online providers or even family and friends. SmallBusiness.co.uk are working in partnership with Funding Options to help you find the right finance for your business.

A business loan can be sought for many reasons but is typically used to either: start a new enterprise, fund expansion, fund major capital expenditures, or to cover operational costs that a company may otherwise be unable to afford (i.e. for cash flow reasons).

There are two key categories of loan – secured or unsecured – and both types can be made available over short, medium or long-term periods. There are a wide variety of lenders servicing the many different niches and almost all will usually approve business loans based upon the financial strength of the borrowing business and its perceived ability to earn a profit.

Borrowing money is a major step for a company and almost inevitably introduces a raised level risk. However, taking on debt in the form of a loan is also one of the commonest forms of financing small business operations. Our experts write about business loans from the perspective of the UK SME community and our aim is to help readers understand how small business loans work, the many options available, and how to compare and choose between them.

Ultimately, though, a business loan may not always be the best finance option, so we also encourage readers to look at other routes such as grants and the ever expanding alternative finance channels.

Quick fix loans – a viable alternative to long-term commitments

Finance provider SwiftMoney.com outlines the benefits of short-term loans.

Business Loans

Business Loans

Innovation and the fundraising marketplace

Russell Gould, head of Wonga for Business, discusses how innovation has revolutionised the business lending market.

Business Loans

Credit Cards Loans – Should you steer clear of store cards?

This article looks at the pros and cons of credit card loans and store cards.

Business Loans

On the money trail

Finance for female-led business is a hot topic. In November, the government started an investment fund targeted at women. Here, female entrepreneurs tell us how they raised finance.

Business Loans

How to get a business loan

Take a very close look at the amount of money you think you will need. Know exactly how much money you need to raise, as you have to be able to justify every penny to a lender. Approaching a bank with the attitude of ‘how much can you give me?’ will not inspire confidence.

Business Loans

Small Firms Loan Guarantee Scheme Explained

There is still another means of raising cash without giving away too much equity.

Business Loans

Loans for business abroad

Can anyone provide some information on getting a loan in the UK for a business abroad, in particular South Africa. How do you go about it and which companies / banks provide these loans?

Business Loans

Debt versus equity finance

Choosing between debt or equity finance, or a mixture of the two, could be the most important business decision you ever make. SmallBusiness.co.uk speaks to entrepreneurs, financiers and advisers about the pros and cons of each.

Business Loans

How to get the best deal on a business bank loan

If you're looking to fund rapid growth your bank will probably be the first port of call. We find out what traditional lenders can offer and how to make sure you're getting the best deal.

Business Loans

Acquiring a small business loan

Where can I get a small business loan of up to £1,500?

Business Loans

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 wouldn't 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?

Business Loans

Experiencing financial problems

I work for a school of theology and at present we are experiencing financial problems. We have launched an appeal for funds and our bankers are prepared to provide an overdraft but this only puts our costs up. Do you have any other suggestions?

Business Loans

Guide to presentations to raise money

The way you present your idea or business plan to potential investors could be the difference between business success and failure so it's vital to get it right.

Business Loans

Your first business loan

If your business plan and financial forecasts are sound, you may be feeling brave enough to approach a bank for funding.

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What is professional indemnity insurance?

Professional indemnity insurance provides cover if somebody sues your business and they allege that your advice caused financial loss or damaged their brand. It’s not just for accountants and lawyers but for anyone offering a personal service, even web designers

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What is public liability insurance, and does it cover Covid-19 claims?

Public liability insurance can cover your small business if a third party has an accident or injury. But does public liability insurance cover claims made against your business arising from Covid-19?

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Business insurance everything you need to know

Every small business may need to be insured at some level. But which policies are must-haves, and which are optional? Edward Murray guides you through the maze

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London & Partners Q&A — driving growth in the London startup ecosystem

In this Q&A, we explore how London & Partners' Business Growth Programme is driving economic growth and inclusion in the London startup scene