We’re all aware that the cost of living has increased significantly over the last year or so. It’s a hot topic in the election and there’s a mention of something costing more than it used to in almost every news cycle.   With those rising costs can come added stress, especially for [...]

If you’re trying to raise finance for your business through an unsecured business loan, your lender may ask you to sign a personal guarantee. But what does a ‘personal guarantee’ mean, why are they so common and, if you do sign, how does it affect you? What is a personal guarantee? Signing a personal [...]

Commercial vehicle loans are a popular choice for business owners who want to grow their business. But if you’re new to the process, you may wonder exactly what the process looks like. Here’s a step-by-step guide. 1. Determining your needs The choice of business vehicle varies wildly depending on your business needs. A cleaning [...]

Personal guarantees are the key to securing business loans, especially if you want a good deal. But there are several different kinds of personal guarantees that a lender may ask for. Here’s the breakdown of what they mean and how they could affect you. Unlimited An unlimited personal guarantee means any and all assets [...]

The Christmas break is different for every business. For some, it’s their busiest time of year, for others it’s time to wind down: get those last orders in, sort out those last gifts for clients, and, of course, chase up those last remaining invoices. Then, it’s time for some well-deserved time off. [...]

So, you bought a vehicle or a piece of equipment with asset finance, but you’ve decided you need to sell it. You might need to free up some cash, you might need to make a big purchase, the vehicle or equipment might not be needed anymore, or it’s in need of an upgrade. [...]

You’ve got an idea. A great idea. It’s going to be the next big thing. But as you try to start up your start-up, you hit a snag: you need seed capital, and the banks won’t give it to you. Something about having ‘bad credit’. Don’t despair: this is a common [...]

As a self-employed person, you might need a business loan for a number of reasons. You might want to hire extra staff for a big project, get a new vehicle or piece of equipment to expand your services, or even just cover a gap in cash flow during a slow season. But there’s a [...]

Whether you’re starting a business, purchasing new equipment or covering gaps in cash flow, you may need a capital injection through an unsecured business loan. But when you aren’t putting up security, a lender will look at your personal credit score as well as your business financials – and a poor credit score could [...]

Getting a business loan usually means providing security. There are many options for doing so available to the business borrower, each with its own pros, cons, and impacts on both your business and your financing. General Security Agreements General Security Agreements (GSAs) are broad-reaching agreements that cover all assets in a business. They are commonly [...]