26

Jul

Taking the leap into business: Five common challenges faced by SME business owners and how to combat them

1. Cash Flow Money problems are usually at the top of most lists of business woes. For small businesses, the major worries are making sure enough money is coming into the business to meet outgoings. Things like clients delaying payments, unexpected outgoings, and outstanding bills can quickly cause big problems. There are several money management […]

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26

Jul

Dispelling the myths around business loans

Myth No. 1: Getting a small business loan is the hardest thing you’ll ever have to do. There’s no denying that getting a loan for your business will not be a walk in the park, but it doesn’t have to be an insurmountable challenge. One of the best ways to avoid getting into difficulties is […]

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06

Apr

Sandra McLean named Outstanding Loan Officer at UK Citi Microentrepreneurship Awards

Sandra manages the new Scottish Microfinance Fund for DSL, which delivers Scottish loans for Scottish businesses. The Scottish Microfinance Fund is a Scottish Government initiative supported by the European Regional Development Fund (ERDF), DSL Business Finance (DSL) and The Start Up Loans Company (SULCo) and aims to provide improved access to finance with very competitive […]

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06

Apr

A loan can help your business reach its full potential – here are some of the ways extra cash can be crucial to growth

This is normal for any growing company, and it’s what the many business financing options available are there for. Business loans in particular are useful for funding specific investments in your business. Expansion plans, new equipment, or cash to take advantage of a valuable new opportunity are all good reasons to take out a business […]

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06

Apr

Business loan versus overdraft: which is the best option?

The variety of choices can be bewildering, especially for new entrepreneurs, and one question that many ask is: “what is better, a business loan or an overdraft?” Not surprisingly, the answer depends on your needs. If you are considering borrowing money for your business, you should have a pretty good idea what it is for. […]

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06

Apr

How to choose a business loan – find the right fit for you

Before embarking on what can be a tough application process, you will want to have worked out which loan is best for you. Obviously, the cost will be a big factor. But what else should a business person consider when looking for their ideal loan? Fixed vs Variable Interest Loans can either be made on […]

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21

Dec

Scottish Microfinance Fund launched to help firms access finance

Today (21 December) marks the launch of a new £6m microfinance fund whose aim is to make small loans more accessible to businesses throughout Scotland.  The funding is part of a larger £40m boost from the Scottish Government’s SME Holding Fund. The Scottish Microfinance Fund (SMF) is a Scottish Government initiative supported by the European […]

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