Finance Archives - SME News

‘Desperate’ Small Businesses Withdraw Estimated £22.4bn Savings to Stay Afloat 0
- Finance, News
- 15th July 2020
If the country remains in partial lockdown, 23 per cent of businesses expect to withdraw more than £10,000 from their business savings, with nine per cent saying their withdrawal amount may tip over £50,000.
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COVID-19 Cash Confusion Among Business Savers 0
- Business Advice, Finance, News
- 9th July 2020
Business owners are being urged to be “proactive and do research” when it comes to looking for best rates on savings accounts amid the pandemic. In the last few weeks, eight per cent of business owners surveyed have moved their cash savings to try to secure a better rate of interest. This comes as interest rates on savings accounts have been falling since the Bank of England cut its base rate to 0.1% in March this year.
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Is it Better to Buy or Lease a Car for Your Small Business?0
- Business Advice, Finance, News
- 7th July 2020
Small business owners will at some point likely be faced with a decision regarding a company car; should you lease or should you buy? Both have their benefits, but there are many things to take into consideration before making a choice. These include tax implications, financial commitment, and also that of the question of ownership. We explore whether it’s best to buy or lease a vehicle for a small business.
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How Can You Make Smarter Lending Choices?0
- Finance
- 20th May 2020
When looking to choose a new loan, it can be easy to go for the first deal you find or to just choose the last lender you went with. Although there is nothing wrong with doing either, you may be missing out on other smarter lending choices.
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5 Steps To Take If Your Business Is Under-Performing 0
- Business Advice, Finance
- 3rd April 2020
According to Investopedia, 20% of new businesses fail within the first 2 years of operation, while 45% fail within the first 5 years. Those statistics are undeniably scary, but what if your business isn’t failing, but simply under-performing? What can you do to ensure that your business takes off and starts reaching its true potential? The good news is that there are methods of turning a failing business around. You can take your business from mediocre to full-potential effectively, but you have to be willing to put in the time and effort required.
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Unsecured Lending Could Help Tackle The UK’s Productivity Puzzle 0
- Finance, News
- 11th March 2020
UK productivity has been stagnant since the financial crash, leading to concerns of a ‘lost decade’ for both businesses and workers. Helping small firms grow into mid-sized firms would boost productivity across the economy. But for many of these firms to grow, they need access to appropriate forms of funding, and that is not as straightforward as it should be.
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