Choice Blog - Business interest topics

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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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The difference between a merchant cash advance and a loan

Last post: Oct 1, 2018

Merchant cash advances (MCAs) have attracted ever-greater attention in recent times as an alternative form of business finance, and are compared especially often to traditional bank loans, to such an extent that they may sometimes be casually referred to as ‘cash advance loans’. In truth, though, an MCA is different to a loan – in terms of not only the form that it takes, but also what is required to apply for one and the business circumstances to which it is best suited.

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How does a merchant cash advance work?

Last post: Sep 12, 2018

A merchant cash advance - or MCA - is a form of alternative business finance for small firms and sole traders. Whereas traditional bank loans require borrowers to pay back a set amount of funds on set dates over time, a merchant cash advance – also known as a business cash advance – works on a rather different basis, with the amount repaid at any one time proportional to turnover. That’s because it’s a form of finance based on a company’s credit or debit card transactions.

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