Choice Blog - Business interest topics

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How Your Business Can Reap The Rewards from RBS'​ Banking Switch Scheme

Last post: Feb 25, 2019

As part of the financial crisis in 2008, the Royal Bank of Scotland (RBS) received a bailout of £45.5bn from the Government after RBS struggled to overcome the buyout of Dutch bank ABN Amro. A bailout which kept the Scottish bank alive and kicking.

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Alternatives to a Business Bank Overdraft

Last post: Jan 29, 2019

Alternatives to a Business Bank Overdraft. An overlook into Revolving Credit Facilities, Merchant Cash Advances and Invoice Financing and how they can work as alternative options to a business bank overdraft.

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Is a Peer-to-Peer Loan Suitable for My Business?

Last post: Jan 22, 2019

After examining exactly how a Peer-to-Peer (P2P) business loan works and the risks/benefits involved, it’s now time to weigh up whether or not a P2P loan is suitable for your business.

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Is Peer-to-Peer Lending a Safe Option?

Last post: Jan 21, 2019

Peer-to-Peer lending is a fast and increasingly mainstream method of obtaining business funding. This type of lending works by cutting out the middle-man (the banks) and directly connects a lender and a borrower.

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How does Peer-to-Peer Lending Work?

Last post: Jan 21, 2019

Peer-to-Peer lending means that instead of borrowing from one lender/institution, you borrow from many smaller ones who have clubbed together to raise your money. It differs from Crowdfunding as you are not giving away any equity. The process is arranged by a central agency (the crowdfunding platform) and you deal with just them and they in turn manage all your individual lenders. To qualify you must be trading at least 2 years, be profitable and have a good credit record.

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What do you do after a CCJ is registered against your business

Last post: Nov 9, 2018

What are your options if someone registers a CCJ against your business? How do you respond? What choices do you have to make? This article offers a simple guide to what to do next.

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