Choice Business Loans Blog

Merchant Cash Advances and Bad Credit

Oct 10, 2019

When your credit score isn’t too healthy, it can be a challenge to raise the business capital that you need to grow. But does that mean that you should be denied the opportunity? There are funding routes out there that a business with bad credit can take to ensure that they can move forward.

Benefits of a Merchant Cash Advance

Oct 10, 2019

A merchant cash advance - otherwise known as an MCA - is a popular form of alternative business finance. It works well for small firms and sole traders that make the majority of their income through credit card transactions as opposed to invoices and bank transfers, such as shops, restaurants, salons and cafes.

End-September P2P Lending Platform News Round-up

Sep 25, 2019

The P2P World seems to be prioritising ease of access as FundingSecure announce a managed account with access to funds within 30 days under normal circumstances while Ratesetter re-align their product offerings to focus on withdrawal charges rather than the length of investments

September P2P Lending Platform News Round-up

Sep 8, 2019

Ratesetter announce that they will launch a range of new products on 3rd October… Funding Secure have recruited a team of specialists to help them reduce their backlog of loans... as a thank you to their investors’ for being so patient, they are also offering additional bonus rates of up 1.25% pa on investments made up until the end of September... Assetz Capital offer £150 of Cashback to new investors

Should I Use Credit Cards To Help Finance My Business?

Sep 2, 2019

Much legend has long surrounded the notion of using a credit card to launch or fund a business; the search engine that you might have used to find this article, Google, may not have existed if it wasn’t for Sergey Brin and Larry Page’s use of cards to pay for computers and open-source software in the business’s earliest days. Similarly, the founders of Airbnb, Brian Chesky and Joe Gebbia, apparently had credit card debt of as much as $25,000 at one point.

So, is credit card financing a potentially very risky route for a business? It depends on precisely how you intend to use it when supporting your company.

What Are The Best Types Of Business Loans For Businesses?

Sep 2, 2019

Whether your business is in need of a loan to get off the ground or to progress to its next phase of growth, it is vital to be aware of the terms, conditions and implications of each available form of finance.

So, what options do you have for a business loan for your own small to medium-sized enterprise (SME), and what factors will help to determine the most suitable solution?