A recent study by the business software services provider, Sage UK, has found that almost 25% of requests by small businesses for business loans were rejected by the banks last year. The study is compiled from around 1,000 responses to a survey which shows that around a quarter of all UK small and medium sized businesses applied for financial assistance. Interestingly the … [Read more...] about Small Business Loans and Debts
There was a time that the trade relationship between supplier and customer was pretty much a private matter. Not any more. Chances are that if you have a trade account with a supplier they are probably keeping tabs on your credit worthiness, just like your credit card provider does. 30 days credit means exactly that if you want to keep a clean sheet. Nearly two-thirds of … [Read more...] about Majority of owner managed businesses have bad credit rating
Smallbusiness.co.uk is reporting that many small business owners are fed up with having to pay the banks high rates on their business borrowing. Businesses believe that bank-lending terms are exorbitant, according to research from finance provider Syscap. Some 90 per cent believe that loan arrangement fees are excessive, while 75 per cent feel that the lending margins on loans … [Read more...] about The Cost of Borrowing is too high
Wow, just in time for Christmas the Halifax try sew a little doubt into people's minds when they are opening their Christmas presents. Thanks! New research from Halifax has revealed that there are an estimated 217,000 credit cards which are kept secret from spouses. The bank has warned that this could carry serious implications for household finances, as well as ... Go to … [Read more...] about 217,000 hidden credit cards masking debt struggles
Business website smallbusiness.co.uk is quoting three significant names in the UK small business arena as saying that we are not out of the woods just yet. Charlie Mullins, founder of Pimlico Plumbers, says he is not optimistic about next year. ‘We’re busy and slightly up on the first quarter, but I feel that the economy is not going to change for the better, and worse is to … [Read more...] about Small Business Boss Says "economy is not going to change for the better"
So on the one hand we appear to have reports saying that banks are not lending to businesses, and then we hear the banks saying "but nobody wants to borrow". Is it any wonder that people get confused. The majority of businesses are choosing not to seek extra funding, claims a report from HSBC. According to the bank, four in five of businesses say they don’t need money because … [Read more...] about Businesses not seeking finance
With all the claims and counter claims circulating about the turmoil within the finance markets it is difficult to establish what is really going on. Naturally the main authority figures within the finance industry are at pains to point out that the economy is strong and that the lending institutions within the UK are all strong. Well one would hope so given that the … [Read more...] about A Credit Crunch?
There is a very good reason why commercial mortgage lenders always advertise their best commercial mortgage rate, they want to attract the maximum interest in their product range. The trouble is that when people start looking for a business loan they do not really know what makes a good commercial mortgage rate. It's easy for an advert to promise 1% over LIBOR, but what if … [Read more...] about Get The Best Commercial Mortgage Rate
Brokers and commercial lenders are reporting that demand for commercial mortgages remains strong. Although there continues to be much speculation about the future of the housing market in general the commercial property sector appears to be quietly carrying on regardless.The value of most commercial property is underpinned by the rental yield that it can generate, given that … [Read more...] about Demand for Commercial Mortgages Remains Strong