A guide to business loans: choosing the right finance for your business
When choosing the right business loan, you need to ask four questions: what are you funding, what assets can be used as security, how predictable is your revenue, and how soon do you need the money? Usually, a once-off purchase of equipment requires hire purchase or asset finance, buying premises requires a commercial mortgage, accessing […]
Best grants for existing businesses
For small businesses, getting their grants application accepted is an exciting prospect. It’s also worth noting that a small company grant does not require repayment like a bank loan. Small company awards are often supported by the government or the private sector, but there are exceptions. Typically, they are established up to address a specific […]
How to get a business loan for a non-profit organisation
If you are looking for a business loan and your organisation is a non-profit organisation, some of the ways you operate could be different from the average business, with the most obvious one being that any surpluses you generate are retained by the organisation and not distributed to shareholders. However, it’s still the case that […]
Best manufacturing grant UK
Entrepreneurs and small enterprises alike have a major problem when it comes to securing capital. A business grant is the most attractive source of finance for new and existing enterprises. This is because there is no need to repay, no interest to pay, and you do not lose any equity to an investor as a result of the loan.
£1 billion in support for businesses most impacted by Omicron across the UK
The government has recently revealed that there will be specific support for businesses impacted by Omicron: From the GOV.UK website: “These additional measures will reinforce the existing package of business support, including: If you have been impacted by the Omicron variant, get in touch with the team at Funding Bay for access to the Recovery […]
