There is an old Banking saying that you should never ‘throw good money after bad’. Much in the same way that a gambler shouldn’t chase their losses, it’s a variation on the age-old adage that sometimes you need to know when to quit. Many small businesses will be facing some tough decisions in the upcoming months. With inflation in double…

While an arrangement to borrow money for a business is between a client and the lender, there are numerous other individuals involved to help the process with many needed before the application is even considered. In fact, I would say that the success of an application and drawdown facility for a business is dependent on the ‘power team’ in place…

The Governments various COVID support measures are expected to cost approx. £500B once completed (various sources) but this doesn’t give the full picture when it comes to support for SMEs where there is a considerable amount of uncertainty about the final bill and will remain so for many years. There is also doubt over how these measures will impact on…

One of the recent hot topics relating to the CBILS and Business Bounce Back Loan Schemes (BBL) was the absence of a personal guarantee for a majority of these loans for Limited Company borrowing. It has been a standard requirement for a majority of Limited Company lending that a personal guarantee from at least one director is in place to…

So many of us own our own residential property but so few own the freehold premises which our business trades from! So, Why Should I Purchase My Own Commercial Premises? It’s commonly said that in the UK we are a nation of homeowners, in contrast with our European friends who prefer generally to rent their homes. Despite this, a vast…