The supply chain can be a source of financial strength for a small business: there are lending options available that allow you to make use of the purchasing power or credit strength of other parts of your supply chain.
This is part of a short blog series on alternative finance options for different business needs: Unsecured loans are offered on the strength of a business’s credit rating and turnover, so they are ideal if you have a good credit rating and have been trading for at least 2 years. Applications can be made online and decisions made rapidly, as long as you can submit all the required business records and supporting information.
Are you wondering about the best source of finance for your business? In this handy blog we’ll talk you through alternative finance for small businesses looking to grow. A secured loan through alternative finance could provide more flexibility than a bank loan. Read on to find out more …
If you’ve seen other articles in our mini blog series on Alternative Finance, but not any options that seem right for your business, have you considered … the Enterprise Finance Guarantee Scheme? Set up by the UK Government in 2008, this is a Government guaranteed lending scheme (via the British Business Bank which is Government […]