Choice Blog - Business interest topics
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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Is Peer-to-Peer Lending a Safe Option?
Last post: Jan 21, 2019
Peer-to-Peer lending is a fast and increasingly mainstream method of obtaining business funding. This type of lending works by cutting out the middle-man (the banks) and directly connects a lender and a borrower.
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How does Peer-to-Peer Lending Work?
Last post: Jan 21, 2019
Peer-to-Peer lending means that instead of borrowing from one lender/institution, you borrow from many smaller ones who have clubbed together to raise your money. It differs from Crowdfunding as you are not giving away any equity. The process is arranged by a central agency (the crowdfunding platform) and you deal with just them and they in turn manage all your individual lenders. To qualify you must be trading at least 2 years, be profitable and have a good credit record.
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What do you do after a CCJ is registered against your business
Last post: Nov 9, 2018
What are your options if someone registers a CCJ against your business? How do you respond? What choices do you have to make? This article offers a simple guide to what to do next.
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Responding to a Small Claims Court claim against your business
Last post: Nov 7, 2018
What do you do if someone takes a Small Claims Court claim against your business? This is a practical guide to what you should expect and how you proceed.
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Small businesses and cash advance loans
Last post: Oct 1, 2018
Merchant cash advances (MCAs) or business cash advances (BCAs) as they are also known, are increasingly being mentioned as a means of supporting the cash-flows of small businesses. So, in what circumstances may it be worth a business pursuing an MCA, and what could it help them to achieve?
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