Top 5 Things to Know about a Merchant Cash Advance
04/03/2014With small businesses still struggling to gain adequate financing from traditional lenders, many business owners are turning to Merchant Cash Advances and Business Cash Advances to fund their companies. The availability of ready cash as and when a company needs it can make the difference between success and failure in the business world. . . .
5 Top Tips to Improve Your Business Finances
26/02/2014If you don’t have an effective system set up for the financial side of your business, you’re certain to run into problems, no matter how strong the rest of the business. Even if you’re a wizard at handling the financials, there’s always room for improvement. . . .
How to Create a Quick Business Budget
19/02/2014Every small business requires a business budget. While your business plan may be your roadmap for the future success or failure of the company, without a proper budget you won’t know which direction you’re heading. Provided your budget is based on up to date and accurate figures, it will help to steer your business along the right path. . . .
Government Schemes Encourage Private Sector Investment to Finance Small Businesses
06/02/2014According to official government statistics, the number of small and medium-sized enterprises in the UK stands at a record 4.9 million, up over 100,000 since last year. These SMEs are responsible for employing 14.4 million people with a total turnover of nearly £1.6 trillion, close to half the total amount for all UK businesses. . . .
When Is a Merchant Cash Advance a Good Option for Your Business?
27/01/2014As finance from traditional lenders remains difficult to obtain, more businesses are turning to merchant cash advances for fast and easy access to cash. Let’s look at some of the main features of MCAs to help you decide whether or not an MCA is a good option for your business. . . .
6 Tips for Getting Your Business' Finances in Order
24/01/2014This may be unwelcome news but if you want your business to be as successful as possible, you need to get your finances in order. Maintaining well-organized records for bookkeeping, tax and other accounting matters may not be the most glamorous part of running a company but it’s essential for improving its running and planning future growth. . . .
The Importance of Thorough Financial Planning for New and Small Businesses
22/01/2014If you’re a small business owner, the beginning of the New Year is an ideal time to review your financial planning strategy. If you’re just getting started in a new business, you’ve plenty to learn and if you’ve been doing it for years, there’s always room for improvement. . . .
Traditional Lending Methods Still Aren't Helping SMEs, Despite Improving Fortunes for Banks
14/01/20142014 looks set to be a year of slow growth and cautious optimism for the nearly 5m SMEs in the UK. Economic recovery is being talked about more loudly than at any time since 2008, yet many SMEs are still struggling to obtain vital funding that will enable their businesses to grow, or even just stay afloat.Are Banks to Blame?Despite welcome signs of growth, nearly a third of new UK SMEs fail within their first year. . . .
Business Owners Invest in Innovation and Training as They Predict Future Growth
02/01/2014Renewed OptimismAs 2013 draws to a close, UK business owners are cautiously optimistic about prospects for the future, according to new surveys. For example, over half of 5,000 SMEs recently polled by the SME Finance Monitor predicted that their businesses would grow in 2014, the highest prediction of growth since the annual survey was launched in 2011.Signs of growth are also confirmed by a recent Confederation of British Industry poll, which showed UK services firms currently experiencing a rise in business volumes unequalled since 2007. . . .
Weighing Up the Alternatives to Business Loans
23/12/2013Businesses may require extra finance for any number of reasons, from investing in capital assets to simply paying the monthly wages. One size no longer fits all when it comes to business loans, so it’s important to consider the different lending options available before deciding which is right for your company. . . .
Using a Merchant Cash Advance to Stock Up for Christmas
28/11/2013Using a Merchant Cash Advance to Stock Up for ChristmasIf you haven’t noticed, Christmas is just around the corner, and businesses unprepared for the seasonal rush may lose golden sales opportunities to their competitors. If your business needs additional financing to help you stock up in advance, but your prospects of a bank loan are limited due to poor credit or lack of collateral, a merchant cash advance may be what you’re looking for. . . .
Preparing for the Christmas Season Using Business Finance: A Handy Guide for Businesses
26/11/2013Preparing for the Christmas Season Using Business Finance: A Handy Guide for Businesses If you’ve just managed to secure additional cash for your company using business finance, you may feel like Christmas has come early. That’s just as well too, as Christmas is the busiest time of the year for many businesses and can make the difference between a bumper year and just breaking even. . . .
The importance of Replenishing Stock for Christmas [Infographic]
19/11/2013The lead up to Christmas is without doubt the busiest time of year. It is often an expensive time of year as well. With countless presents to buy for all it is also party season which means plenty of business for merchants and business owners of many different industries.This places great emphasis on making sure your business is fully stocked to deal with increased demand. . . .
PayPal Jumps Into Small Business Loans
05/11/2013Alternative lending for small businesses has become popular in the drought of banks loans. So popular, that the PayPal giant has gotten into the game. Although the alternative small business market is getting crowded, name recognition gives PayPal an advantage in the market. . . .
Alternative Financing For Small Businesses Continues Growing
29/10/2013Alternative Financing For Small Businesses Continues GrowingIt's not just the UK that is suffering from declining loans to small businesses. It's all about how you break down the numbers. If you look at them from when Lehman Brothers went under in June of 2008 to cause the credit markets to seize up, the decline in small and medium enterprise (SME) loans has only declined about 12% in the U.S. . . .
Stocking Up Your Business For Christmas
23/10/2013The summer season is over and Christmas is fast approaching. As a pub owner, you want to capitalize on this busy part of the year. Not only will groups be planning Christmas parties at pubs but also busy shoppers will be popping in for some fast refreshment. . . .
Government to the SME Rescue
22/10/2013Fortunately, the government recognizes that SMEs are the backbone of the economy and critical to driving a recovery. With that in mind, a few weeks ago it was announced that an additional £5m of invoice financing would be made available to SMEs to attain business financing and managed by MarketInvoice.While £5m might not seem like much, through invoice financing the funds can be recycled about every 45 days. . . .
Loans for Small to Medium Enterprises Still Tough
18/10/2013The numbers don't tell the whole truth. A Bibby Financial Services survey of 1,000 businesses found that 17 percent of small to medium sized enterprises (SMEs) had loan applications to High Street Banks denied. However, Bibby research also finds that 65 percent of SMEs haven't sought a loan in at least 12 months. . . .
When a Merchant Cash Advance is the Right Financing Decision
02/10/2013When a Merchant Cash Advance is the Right Financing DecisionWhether you are ready to expand your business, want to make improvements, or just want to take some personal cash out of your business, a merchant cash advance may be the right loan for you at the right time.A merchant loan enables you to take a significant unsecured loan. . . .
Preparing the right business finance application
19/09/2013Preparing the right business finance applicationIf you are starting out in the world of business, it may be on your to do list to secure yourself a business loan. Business loans are ideal for small or new companies, who are looking to grow and develop their business ideas. . . .
Demands for Business Loans is Increasing
11/09/2013Demands for business loans is increasingRecent statistics suggest that the demand for business loans has begun to increase with a significant rise in the number of small businesses applying for commercial and industrial loans. As we move into the second half of the year, it appears that many businesses are now looking to invest in perhaps previously forgotten areas and this has meant that competition for business loans is now strengthening. . . .
United Kapital Announces New £30m Credit Line to Fund SMEs
15/08/2013United Kapital Announces New £30m Credit Line to Fund SMEsWe are delighted to announce a new £30 million credit line to fund SME's. This will allow us to provide even more business finance to small and medium-sized business enterprises (SME) nationwide through our Merchant Cash Advance programme. . . .
Business Finance Tips - How to manage late payments
07/08/2013As a business, you need to ensure that your cash flow is ticking over so that you can be in the most secure business financial position possible. Many companies have struggled to keep on top of their business finances, and one reason for this could be troublesome late payers and unpaid invoices which make managing your cash flow difficult. The prompt payment code In fact, late payment is one of the biggest issues facing small companies in the UK. . . .
Top mistakes made by businesses
31/07/2013There are some mistakes that you can make in business which can have a detrimental effect on your finances and consequently on your success. Here are the top common mistakes that many businesses across the UK and Europe make which could be avoided: Not having a business plan Believe it or not, many businesses fail to even have a business plan. . . .
How to create a quick business budget
22/07/2013A small business budget looks at the income and the expenses of your business over a certain period of time. You may want to create a small business budget on an annual basis, but other companies decide to create them on a six monthly or even a three monthly basis depending on their specific needs – so how often you choose to create and evaluate your budget is entirely up to you and the needs of your business. What will the budget include? The budget will include anything from cash flow, to expenses, rent, wages, and revenue. . . .
Are you undercharging? Tell-tale signs you are
15/07/2013Your business finances could be in danger if you are under charging for your services. It can be very easy to undercharge. For example, as a start-up business or a freelancer you may find it difficult to know where to pitch your prices. It can be easy in the early days to make sure that your prices are cheaper than bigger companies in your industry. . . .
How To Clear Up Your Financial Clutter
21/06/2013A big part of running a successful business is going to be to stay on top of all your financial commitments as well as budgets to ensure that you are managing a positive cash flow each month. One thing that can make making sure that you are running a positive cash flow harder is having a great amount of financial clutter. . . .
Common Financial Pitfalls And How To Avoid Them
31/05/2013As a business owner, whether you are just starting up or have been in business for quite some time already, it’s vital that you take into account some of the most common financial pitfalls that small businesses experience so that you can be sure you are doing everything in your power to avoid them. . . .
How To Face Your Business Financial Fears
29/05/2013If you are the owner of a small business, whether you’re just starting up or have been in business for a few years already, chances are you have a few fears brewing in your mind – or in some cases, you may have many. Almost all of us do have financial fears and at times, they can get to feel pretty overwhelming. . . .
Discover How To Spring Clean Your Business Finances
21/05/2013With spring here, now is a great time to take a good look at your finances and make sure that everything is in order as it should be. Far too many businesses don’t periodically clean up their finances and in time, this could get them into major trouble. . . .
The Top UK Cities For Business Growth
23/04/2013Recently there was an analysis performed on 150,000 businesses in the UK to see how various locations stacked up in terms of business growth. Growth Rates Growth rates for small businesses across the whole of the UK are looking positive according to the study done by Experian. It demonstrated that 32% of businesses had achieved a strong sales growth rate by the end of 2011, up from just 25% of all businesses during the years of 2008 to 2010. In addition to that, 36% of businesses had achieved a solid revenue growth of over 10%, showing favorable promise for the years ahead. . . .
Taking Risks To Grow Your Business
18/04/2013Choosing to hire extra staff in your business should never be a decision made lightly, but according to The Economist Intelligence Unit (EIU), more small businesses are failing to hire new staff, that could really make the difference in a business, because they simply don’t want to take the risk. . . .
Banks Are Still Not Lending Despite Increased Demand
15/04/2013If you’re a small business owner who is looking to get the finance to needed to grow your business, you may be in for some hard times ahead if you are considering a loan from the bank. As a small business owner, financial lending is often going to make or break your business affairs because without lending, you may not have the capital required for growth. . . .
Why You Should Start Your Own Business
21/03/2013Have you been thinking about starting your own business for quite some time now but keep putting it off for whatever reason? If so, you may want to rethink that. There's never been a better time to start your own business than now for a wide variety of different reasons. . . .
Must Have Apps For Managing Your Business
20/03/2013With everyone using a wide variety of applications today, your business should be no different. While social media, games, and personal use applications are hot amongst the common crowd, there are just as many great business apps for the business crowd to consider. . . .
Top Ways To Grow Your Business
08/03/2013If you’re looking to get ahead this year, you should be looking at some of the top ways that you can grow your business. If you can keep yourself focused on all the many ways that you can expand develop your company, you can stay one step ahead of the game and make sure you’re turning a good profit. Let’s look at some of the best ways to grow your business that you should know about. . . .
Should The UK Adopt 'Small Business Saturday'?
26/02/2013One of the latest trends right now in the world of buiness that you’ll want to keep an eye out for is the adoption of Small Business Saturday in the UK. This event was originally started in the United States, where on one Saturday everyone is encouraged to shop at locally owned small businesses, to not only give their earnings a boost but also make everyone much more aware of their presence. As the UK is also trying hard to promote the growth and development of small businesses in its economy, Chuka Umunna is working to adopt this same event. Chuka Umunna has stated that small businesses are really the lifeblood of the economy and that we must be doing whatever we can to support and encourage their development. By taking a page from the US’s book for this initiative, we can do just that. He also feels that small business Saturday is something that all local authorities could easily support and promote as well, so feels there should be no problem getting this holiday set up and running. The event will be heavily marketed across a number of different social media channels to help raise awareness and get more people actively participating. So as this month rolls around, plan to shop local businesses to kick start small business Saturday in the UK. We ask, should the UK adopt small business Saturday? Would you support the initiative? Do you believe the initiative would boost small, local businesses? Let us at United Kapital know your thoughts.
Is Your Business Preparing For Valentines? [Infographic]
12/02/2013Valentine’s Day can often be an expensive time of year for couples, but it's not just couples who need to think about this day, the lead up to the 14th of February can be an important time for businesses, too. Valentine's Day can be a real money maker and an opportunity to cash in on those looking to impress their loved one. . . .
SMEs “burying their heads in the sand” over finance
12/02/2013One of the most recent new stories to hit the media that you don’t want to miss out on is the recent finding that many UK SME’s do not have a good understanding of their own business finances and are putting themselves in great risk because of this. Less than half of accountants in the UK feel that the clients they are currently working with understand everything surrounding their own financial statements and over half of those accountants also think that their clients feel rather out of control when it comes to their financial activity. . . .
2013 Business Horoscope (Infographic)
Make sure your business gets the most from Christmas
20/12/2012Christmas is a very busy time of year for many businesses across the United Kingdom. In the retail industry specifically, sales will increase for most retailers as people try to buy gifts as well as food and other supplies for the winter holiday. To capitalise on this trade, it may be a good idea to open up a second shop location. . . .
The negative side of Bank loans
19/12/2012These days’ traditional bank loans can be difficult to obtain and the process of applying for them can in many cases be frustrating and overly complicated. The first problem is that often a business will need to present a business case or a business plan for the bank to recognise the small business and its intentions with the loan. . . .
3 Alternatives To Traditional Business Loans
28/11/2012Sometimes, businesses need a little extra help financially. You might need to seize a particular business opportunity or you may need to cover an unexpected bill. Getting a traditional business loan can be difficult for various reasons. It can be inflexible in terms of monthly repayments, it can be time consuming, paperwork loaded and require several credit checks, and it can also be difficult to meet strict eligibility criteria. However, there are various alternatives that a small business owner might consider before giving up hope on gaining vital business finance. One option is crowdfunding. Crowdfunding is a way of raising the money you need via a pool of investors, rather than one sole investor. . . .