As predictions have emerged of an upsurge in borrowing demand from SMEs[i] if a ‘no deal’ Brexit occurs, owners of small businesses are being urged to fully acquaint themselves with the terms of a personal guarantee backed loan, before signing on the dotted line.
If you run a business you know about risk taking. The personal risk the owners of SMEs take to get their business started, to keep it going or to expand may go with the territory but also to a large extent goes unnoticed and unappreciated by the staff they employ. That’s just how it is running a business. Nevertheless it can be lonely at the top and can seem even more so when financial pressures start to tighten.
Holiday? What Holiday? The biggest challenge for SME business owners is simply switching off
Every company owner needs to understand how to fund a business, from the different lending options available to the process of what’s required to secure funds.
Bouncing back into business
Every day we receive calls from our policyholders asking for help in distressed business situations. For many people who run lifestyle businesses the cash flow is intrinsically linked to the weekly shopping budget and the need to keep the flow of paid invoices is essential.
Dr. Liam Fox, Secretary of State for International Trade, has announced steps to unlock finance for UK SMEs when exporting to emerging markets.
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