Choice Blog - Business interest topics

Blog about relevant issues

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.

Read this post

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.

Read this post

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.

Read this post

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.

Read this post

Best finance solutions for building projects

Last post: Sep 15, 2021

Finance for developers, small builders, renovators and property portfolio builders is becoming a hugely competitive place with speed of delivery at an all time high, ensuring that projects are funded quickly to get a quicker return.

Read this post

Post-Covid Business Recovery: The Recovery Loan Scheme (RLS)

Last post: Apr 15, 2021

With lockdown restrictions being lifted, and the application window for CBILS, CLBILS and BBLS closed, it’s now time to focus on the recovery and growth of your business and the financial support you need to put in place.

Read this post