If you have poor credit, qualifying for any kind of loan can be tricky, particularly when it comes to conventional high-street loans, which are issued predominantly on the basis of an applicant’s credit score.
SMEs trading for less than five years are nearly four times as likely to predict significant growth in the next three months than those trading for ten or more years.
Worth £400m in the UK, the guarantor loans market is growing and funding essential and life-changing purchases. Here’s how they work and how to apply.
In Game of Thrones G.R.R Martin’s land of fire and ice is a cut-throat world of underhanded dealings, betrayals, utter chaos and abject poverty – but business finance also has its place.
Having lent £830m to British businesses since founding in 2010, fintech company Funding Circle intends to raise £150m via a placing on the London Stock Exchange to bolster future lending.
“The idea that you turn your back on the world’s largest trading block, and send a message to the rest of the world that you are pulling up the draw bridge and wanting to get away from it, would be catastrophic,” said Labour’s shadow minister for small business Toby Perkins in an interview with Real Business.
Having recently signed a new partnership with Chinese ecommerce platform Alibaba, and become the recipient of the first loan guarantee agreement in the UK with the European Investment Fund (EIF), Everline and ezbob have closed a £30m convertible debt deal with Oaktree Capital Management.
In the wake of Funding Circle’s $150m fundraising, as it continues to push on with growth in the US, Real Business decided to have a look at the largest amounts ever raised.
Unveiled during a memorable awards ceremony at the beginning of March, this year’s Everline Future 50 demonstrate the very best of the entrepreneurial culture in the UK – one which is producing game-changing and exciting businesses. We caught up with them on the night to find out what is in store next.
As businesses grow, the need to look overseas becomes a positive eventuality. One issue this throws up is dealing with foreign currency and the most cost-effective way of doing this.
With £2.32bn spent using contactless payments cards in the UK during 2014, the need to factor in new payment methods has never been greater.
Output magazine has demonstrated how alternative finance method crowdfunding can be used to prevent businesses from collapsing, as well as providing growth capital.