The collapse of Silicon Valley Bank has raised concerns over contagion in the banking system and fears of another banking crisis. Thankfully, a lot has changed since the great banking collapse of 2008, including innovations in lending that SMEs rely on to support their operations
ESG ignorance is costly. 56% of small business owners are unfamiliar with ESG, which is understandable as it has primarily been a concern for large corporations. However, with increasing support and interest in COP26, times are changing. ESG stands for Environmental, Social, and Governance, but how will it affect your business?
During the course of running your business, there may be times when you need an injection of external finance to help meet day-to-day challenges or realise strategic opportunities. The process and conditions of securing that loan vary by each lender, but there are some things you can prepare to help make the process smoother.
Learn how effective inventory management can boost cash flow for small businesses in this blog post. Discover how understanding inventory turnover ratio and using strategies such as increasing sales, improving forecasting, identifying best sellers, selling off older stock, and reducing the cost of goods sold can help improve your inventory turnover ratio.
On March 15th Jeremy Hunt will make his second budget announcement as Chancellor of the Exchequer. What he unveils on the day can have a huge impact on the operations and finances of SMEs across all sectors.
This article discusses how a small business loan could help capitalise on exciting new opportunities during a period of market movement when competitors are struggling and buying habits are changing. It highlights events like a new store location becoming available or the opportunity to pivot operations to meet a new market segment as good reasons to seek an injection of cash.
