Business Finance

Quick Answer: Business loan protection insurance is a life and critical illness policy that repays company borrowing if a key person or guarantor dies or becomes critically ill. It clears…

Quick Answer: Shareholder protection insurance pays out so the surviving owners of a company can buy back the shares of a co-owner who dies or becomes critically ill. It works

Quick Answer: Relevant life insurance and keyman insurance are different business protection products. Relevant life cover protects an employee’s family, paying out to their loved ones if the employee dies,

Quick Answer: Keyman insurance cost is driven mainly by the insured person’s age and health, the sum assured, the policy term and whether cover includes critical illness. As a rough

Quick Answer: Business loans for limited companies are borrowed in the company’s name, so the debt sits on the company balance sheet rather than with you personally. Lenders assess your

Quick Answer: A business loan can take anything from a few hours to several weeks. Online lenders often approve and fund within 24 to 48 hours, brokers can match and

Quick Answer: If your business loan is declined, do not rush to reapply. Ask the lender why, check your business and personal credit files, fix the issues that caused the

Quick Answer: To meet UK business loan requirements, lenders typically want to see trading history, a healthy and stable turnover, a reasonable credit profile, recent bank statements and accounts, and

Quick Answer: To get a business loan in the UK, work out how much you need and why, choose the right loan type, check you meet the lender’s requirements, then

Quick Answer: Use a business loan for a large, one-off cost you repay over a fixed term, and a business credit card for ongoing, smaller purchases you clear each month.

Quick Answer: Use a business loan for a one-off investment you repay over a fixed term, and an overdraft for short-term cash flow gaps you dip in and out of.

Quick Answer: A merchant cash advance is repaid as a percentage of your daily card sales using a fixed factor rate, while a business loan is repaid in fixed monthly