Business Finance

Quick Answer: The best business overdraft alternatives are a revolving credit facility, a flexible business loan, invoice finance, a merchant cash advance and a business credit card. Each gives you…

Quick Answer: Working capital finance is short-term funding that covers the gap between money going out and money coming in. It helps you pay wages, stock and suppliers when cash

Quick Answer: A VAT loan is a short-term business loan that covers a single VAT bill, then spreads the cost over 3 to 12 monthly payments. It protects your cash

Quick Answer: The main difference between invoice factoring and invoice discounting is who chases payment and whether your customers know. With factoring, the lender manages collections and customers usually know.

Quick Answer: Invoice finance lets a business unlock cash tied up in unpaid invoices. A lender advances most of an invoice’s value straight away, then you receive the rest, minus

Quick Answer: Equipment finance is a type of asset finance used to fund the machines, vehicles, technology and tools a business needs to trade. You spread the cost over time

Quick Answer: Hire purchase is one type of asset finance, not a separate thing. Asset finance is the umbrella term covering hire purchase, finance leases and operating leases. The real

Quick Answer: Asset finance is a way to fund business equipment, vehicles and machinery by spreading the cost over time instead of paying in full upfront. You use the asset

Quick Answer: Business grants are money you do not repay; government loans are repayable borrowing that the state makes easier to access. Genuine grants are scarce, competitive and usually tied

Quick Answer: Personal guarantees on the Growth Guarantee Scheme are at the lender’s discretion — some ask, some do not. One rule is fixed: your principal private residence cannot be

Quick Answer: Growth Guarantee Scheme lenders are commercial finance providers accredited by the British Business Bank to offer government-guaranteed facilities. They range from high-street banks to specialist asset and invoice

Quick Answer: The Growth Guarantee Scheme replaced the Recovery Loan Scheme on 1 July 2024. Most rules carried over: a 70% government guarantee to the lender, facilities up to £2