10 ways to make your business more attractive to lenders

In this uncertain economic climate, many businesses may think that they’re unlikely to be approved for funding outside of the much-publicised government-backed loans. However, other forms of finance are still available, and although some lenders may be more cautious than in previous years, there are some broad steps you can take to improve your chances
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UK Government-backed loans embraced by construction and retail sectors

New data from the British Business Bank has shown that businesses in the construction and retail sectors have taken the lions’ share of government backed loans. To date, 17% of all funding under the Bounce Back Loan Scheme (BBLS) and 14% of Coronavirus Business Interruption Loans (CBILS) have gone to construction companies. A respective 16%
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A very different kind of recession

It’s official, then. The UK is in a recession. Not that it’s any surprise. Neither is the fact it’s the deepest recession the UK has ever seen, with a contraction of 20.4% recorded between April and June. For businesses, it only underlines how challenging things have been since the onset of the pandemic. The question
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Road to Success!

2016 is turning out to be a very interesting year. Despite proposed tax changes, the implementation of the Mortgage Credit Directive, a volatile stock market, concerns about the stability of the global economy and a continued shortage of new housing, the UK mortgage market seems to be coping very well. According to data from the
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What price a Brexit

courtesy from http://home.bt.com/ The Housing Market March saw a huge spike in activity within the housing market. The number of homes sold hit 162,000, 62,000 more than would have been expected without the Stamp Duty deadline (source: Council of Mortgage Lenders). Now that the deadline has passed. as predicted, growth is slowing. Interestingly, Rightmove’s figures suggest
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Prime Minister: General Election Key For UK’s Economy

The Prime Minister has warned trade finance services that the UK will face economic chaos if it changes economic policy in May. David Cameron’s warning was laid out in his New Year message, ahead of the general election in May this year. Mr Cameron said the UK’s New Year resolution should be to “stick to
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UK Government’s Economic Plan For The North-West Revealed

Trade finance could be more forthcoming for businesses in the north-west of the UK following the government’s announcement that more jobs, investment in science and improvements in transport lie at the heart of the economic plan for the region. The six-point plan includes increasing the long-term growth rate of the area to at least that
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Christmas Shopping Consumer Spending 2014

Christmas 2014: Christmas Shopping Consumer Spending, Recovering offline and online sales, purchases per household and sales per person on gifts. We expect Christmas 2014 in the UK to be better than last year with sales growth of 2.1% compared to last year’s eventual outturn of 0.9%. The improvements in the UK economy and an increase
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Cheap Borrowing Fuels Consumer Credit Boom

Bridging Loans Buoyant consumer confidence pushes up demand for credit at fastest rate in eight years in October, though UK mortgage approvals continue to fall. Cheap borrowing costs for products like bridging loans and fierce competition on the high street fuelled a consumer credit boom in October, as buoyant demand pushed lending up at its
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Improved Supply Chains To Inject £30bn Into UK Economy?

Improved Supply Chains to inject £30bn into UK economy could see over half a million jobs created and up to £30 billion injected into the UK economy b. According to the Confederation of British Industry’s (CBI’s) latest report, Pulling Together, by improving products, concentrating on innovation and providing unrivalled customer service, issues such as the expanding
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