Choice Blog - Business interest topics

Blog about relevant issues

Fast, flexible funding for eCommerce in busiest time of year

Last post: Nov 25, 2021

Black Friday is the most important time of year for any online company, and this year the challenges are heightened with extraordinary impacts on the global supply chain. To cover these working capital issues, we talk to our clients about Merchant Cash Advances (MCAs) as a great, flexible solution to help these businesses meet the demand and thrive.

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You took a bounce back loan - what now?

Last post: Nov 23, 2021

A question we hear increasingly often is: "Should I repay my Bounce Back Loan?”. It sounds like a straight forward question but the first thing to establish is which of the two broad camps we have seen emerge your business falls into: companies who needed to use the money operationally during Covid-19 and those who didn't.

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The Recovery Loan Scheme - Why Has it Failed to Take Off?

Last post: Oct 29, 2021

Earlier this week the British Business Bank published data for the first time on the uptake of the Recovery Loan Scheme (RLS), showing that just £1.06bn worth of loans had been extended so far - a sharp contrast to CBILS and BBLS at the beginning of the pandemic which helped facilitate over £80bn in small business lending throughout 2020 and early 2021.

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Looming interest rises: what does it mean for businesses?

Last post: Oct 21, 2021

It is now widely expected that the Bank of England interest rate will rise before the end of the year, with further increases earmarked for February and August. The cumulative effect will result in interest rates reaching 0.75% by the end of 2022. While this is still low and the increases are small, the impact on businesses can be significant - particularly against the backdrop of the pandemic and Brexit.

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Cashflow being squeezed with VAT and debt repayments?

Last post: Oct 7, 2021

VAT deferral and Government loan schemes were a lifeline for businesses struggling through the pandemic. Now, with normality resuming, it's important to get finances organised so that all-important cashflow isn't choked by the looming re-payments.

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Thinking about selling your business? This is what you need to know

Last post: Sep 16, 2021

The ongoing pandemic has for many SME owners been a wakeup call. Bruised by coping with the machinations of Brexit and the consequent need for stockpiling, and the ongoing impact of the pandemic on health and the economy, (re)assessing your own retirement plans may now be feeling timely.

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