Choice Blog - Business interest topics

4 Mistakes Businesses Make When Borrowing Finance

Last post: Mar 5, 2019

It can be easy for businesses to jump into taking out a loan to help finance their next project, employees or restructure, however there are many pitfalls and mistakes when borrowing finance that can damage your financial stability. What are the key mistakes businesses make when borrowing finance?

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How Brexit Could Change the Way You Do Business: A Guide for SMEs.

Last post: Mar 4, 2019

How do SMEs prepare for Brexit and what will the impacts be?

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How Making Tax Digital can Benefit UK Businesses

Last post: Feb 28, 2019

On the 1st of April 2019, Making Tax Digital for businesses (MTDfb) will become mandatory for VAT-registered businesses with an annual turnover of £85,000 or above. The MTDfb scheme ensures that business owners, accountants and bookkeepers keep digital records of & submit VAT returns using software compatible with the scheme.

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How Your Business Can Reap The Rewards from RBS'​ Banking Switch Scheme

Last post: Feb 25, 2019

As part of the financial crisis in 2008, the Royal Bank of Scotland (RBS) received a bailout of £45.5bn from the Government after RBS struggled to overcome the buyout of Dutch bank ABN Amro. A bailout which kept the Scottish bank alive and kicking.

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Alternatives to a Business Bank Overdraft

Last post: Jan 29, 2019

Alternatives to a Business Bank Overdraft. An overlook into Revolving Credit Facilities, Merchant Cash Advances and Invoice Financing and how they can work as alternative options to a business bank overdraft.

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Is a Peer-to-Peer Loan Suitable for My Business?

Last post: Jan 22, 2019

After examining exactly how a Peer-to-Peer (P2P) business loan works and the risks/benefits involved, it’s now time to weigh up whether or not a P2P loan is suitable for your business.

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