Choice Blog - Business interest topics

Blog about relevant issues

Business is bouncing back, but what’s the cost?

Last post: Feb 14, 2022

Over 1.6 million businesses have taken government backed coronavirus support loans and for most, this would have been to plug a hole and keep bills paid. Many will now be feeling the pinch since repayments have kicked in and are unable to apply for further loan funding for expansion and recovery. If the business is clearly still viable and is able to prove that they have now turned the corner, we may be able to turn to alternative finance options.

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CyberWar

Last post: Jan 19, 2022

The Cyber security war is still raging. 2021 saw a further massive rise in Cybercrime incidents, from hacks, data theft/breaches and ransomware attacks. Darrin Salt from The Technologies Group looks at these threats and what you can do to protect your business.

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Time management tips for small business owners

Last post: Jan 10, 2022

Business owners can and should foster a work environment that values time management. Many small business owners are accustomed to working at both ends of the spectrum. It's no surprise that small business owners seek out time management advice. In this blog, we have compiled time management tips for small business owners.

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Fast, flexible funding for eCommerce in busiest time of year

Last post: Nov 25, 2021

Black Friday is the most important time of year for any online company, and this year the challenges are heightened with extraordinary impacts on the global supply chain. To cover these working capital issues, we talk to our clients about Merchant Cash Advances (MCAs) as a great, flexible solution to help these businesses meet the demand and thrive.

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You took a bounce back loan - what now?

Last post: Nov 23, 2021

A question we hear increasingly often is: "Should I repay my Bounce Back Loan?”. It sounds like a straight forward question but the first thing to establish is which of the two broad camps we have seen emerge your business falls into: companies who needed to use the money operationally during Covid-19 and those who didn't.

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The Recovery Loan Scheme - Why Has it Failed to Take Off?

Last post: Oct 29, 2021

Earlier this week the British Business Bank published data for the first time on the uptake of the Recovery Loan Scheme (RLS), showing that just £1.06bn worth of loans had been extended so far - a sharp contrast to CBILS and BBLS at the beginning of the pandemic which helped facilitate over £80bn in small business lending throughout 2020 and early 2021.

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