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What’s A Revolving Credit Facility And How Can It Help Your Business?

For every business, having a little bit of extra cash flow or additional funds in reserve for emergencies is essential. In the past, many businesses would resort to a bank overdraft to borrow the little bit extra that they need. However, as bank overdrafts become costlier and with less availability especially for smaller businesses, people need to look elsewhere for an alternative financial solution, such as a revolving credit facility. What Is A Revolving Credit Facility? As a type of working [...]

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trade finance

How Can Trade Finance Help Your Business Grow?

For many businesses, there is often a gap between paying your suppliers for business items and receiving payment from your customers. Often, suppliers require prompt payment too as they need to pay their suppliers so are rarely flexible on invoice dates or credit facilities. However, when you don’t have the capital from your customers, how can you pay your suppliers and maintain a positive working relationship? The answer may be in trade finance. What Is Trade Finance? Trade finance is a [...]

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Can Asset Finance Skyrocket Your Business?

After the struggles of Brexit uncertainty, figures from the FLA show that asset finance is on the up with an 8% growth in 2018 compared to 2017. While business equipment asset finance saw an increase of 4%, there was also a 60% growth in asset finance for IT equipment this year. With plant and machinery also reporting growth, asset finance is a popular choice for firms of all size thanks to its flexibility and accessibility. So, can asset finance [...]

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Unsecured loan

Could An Unsecured Loan Grow Your Business?

If your business is looking for fast cash, then an unsecured business loan is typically quicker to acquire than a secured business loan. For fast-growing businesses, having a high-value asset for banks to take charge over may be hard to find, meaning a secured loan is not a feasible option. However, with its speed, convenience and availability thanks to the alternative finance market, an unsecured business loan may tick all the necessary boxes. What is an unsecured business loan? Instead of [...]

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What is an alternative overdraft?

It might be one of the most common forms of small business funding, but is an alternative overdraft the right product for your business? Included as part of a standard business bank account, an overdraft is one way of accessing extra money when needed. It can also be used as a short-term buffer should you run into any cashflow issues. However, the credit crunch has resulted in some banks reducing or removing the overdraft facility that they offer. Meaning small business [...]

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What is supply chain finance?

Also referred to as supplier finance, supply chain finance is another form of alternative funding that business leaders are seeking out in order to grow their venture and maintain working capital. We take a look and whether this solution might work for you. Think of supply chain finance as a type of cash advance that’s based on the credit rating of companies in the supply chain. How does it work? In a nutshell, it’s a way for start-ups and SMEs to benefit [...]

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Getting a loan

What is asset finance?

You have heard of the term, but what exactly is asset finance and how do you know when it’s the right product for your business? Referring to the use of a company’s balance sheet assets– and this can include short-term investments, inventory and accounts receivable – in order to borrow funds or get a loan, companies relying on asset finance must provide the lender with security interest in the form of an asset. Is asset finance right for your business? Put simply, a secured [...]

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alternative finance

What you didn’t know about alternative finance

In the wake of the 2008 global financial crisis, banks are still less likely to fund businesses with revenue of under £5 million. As a result, alternative finance solutions offer a more SME-friendly option. When it comes to offering loans, traditional banks can treat SMEs with caution – perceiving them to be a high risk with the potential to reap low profits. In turn, many SMEs are getting increasingly frustrated with poor customer service, a lack of transparency in relation [...]

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Getting a loan

Getting a loan: options for SMEs

Choosing the right funding solution for you and your SME can be a daunting task, let alone finding the right lender – so allow Funding Bay to help you find the right product for your business. We take a look at the various alternative finance options out there for small businesses and start-ups that are looking to secure a loan. Crowdfunding Crowdfunding sites can be a great way to raise awareness of a project and secure some much-needed funding as a relatively [...]

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Fintech

The State Of Fintech In The UK

London might have positioned itself as the home of European Fintech, but what happens when a new wave of Fintech start-ups want to scale-up?   The way consumers and businesses spend, save and invest money has changed dramatically over the past few years, with start-ups utilising technological innovation to disrupt the traditional financial services industry.   And thanks to the close proximity of the City and Canary Wharf’s long-established financial services sectors and Old Street’s booming technology sector – dubbed Fintech’s Silicon Valley [...]

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