Read more about the article Is Now the Time to Secure a Business Loan? How UK Interest Rates Affect Your Decision
How Interest Rates Affect Business Loans

Is Now the Time to Secure a Business Loan? How UK Interest Rates Affect Your Decision

  • Reading time:6 mins read

With UK interest rates falling, small businesses have a unique opportunity to secure affordable financing. Find out how these changes could impact your decision to take out a business loan and what factors to consider for long-term growth.

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5 Common Mistakes to Avoid When Applying for Small Business Funding

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Applying for small business funding can be challenging, especially for first-timers. Avoiding common mistakes like inadequate preparation and misunderstanding funding options can improve your chances of success. Discover the top five pitfalls and how to steer clear of them to secure the funding your business needs.

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The Benefits of Asset Finance for Growing Your Business

  • Reading time:4 mins read

Asset finance is a powerful tool for UK SMEs, offering flexible, cost-effective ways to acquire essential equipment. This blog explores how asset finance can improve cash flow, provide access to the latest technology, and support business growth. Learn about the benefits, from tax advantages to enhanced financial planning, and discover how it can propel your business to new heights.

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Understanding the Growth Guarantee Scheme: Essential Information for UK Small Businesses

  • Reading time:3 mins read

The UK government’s Growth Guarantee Scheme, launching on 1st July 2024, provides small businesses with up to £2 million in loans, asset finance, and invoice finance. With a 70% government-backed guarantee, it supports businesses in areas like recruitment and technology upgrades. Eligible UK-based businesses can access this scheme through accredited lenders.

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Invoice Financing vs. Traditional Loans: Which Is Right for Your UK Business?

  • Reading time:5 mins read

Choosing between invoice financing and traditional loans is a critical decision for UK small businesses and limited companies aiming to manage cash flow and support growth. Invoice financing offers immediate access to funds based on outstanding invoices, providing a flexible solution that grows with your sales. On the other hand, traditional loans offer the predictability of fixed repayment schedules and potentially lower interest rates, making them suitable for long-term investments. Understanding your business's unique needs, creditworthiness, and financial goals is key to determining the right financing option. Whether it's the immediate cash flow relief offered by invoice financing or the structured funding of a traditional loan, making an informed choice will empower your business to thrive in the competitive UK market.

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Self-Assessment Tax Help for SMEs: What to do before the upcoming deadline

  • Reading time:5 mins read

Facing the 2024 Self-Assessment Tax Deadline? Our comprehensive guide offers essential tips for UK SMEs. Discover how to efficiently prepare your tax returns, understand deductions, and explore affordable loan options with Funding Pool to manage hefty tax bills. Stay compliant and financially savvy with our expert advice tailored for small and medium-sized business owners.

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