When you are setting up your new business it is understandable that a number of suppliers might be worried that you will not be able to pay them if things go wrong. Consequently, they may ask you for a personal guarantee against any loss.
Archive for the ‘Financial Planning’ Category
A winding up petition is a petition presented to the court seeking an order that a company is placed into […]
Staying on top of the accounts of any business s is vital to its overall success. Here are 5 essential accounting skills for all small business owners.
For many small or medium-sized enterprise directors, personal guarantees will often seem well worth providing if they make the difference in the pursuit of increased funding. However, the provision of personal guarantees to secure business finance can be something which individual directors come to regret when their company’s financial situation changes significantly for the worse.
Company Voluntary Arrangements are for Limited companies, so what happens if you are running a partnership? Find out where you can turn for help.
Routinely using an overdraft can seem like an unavoidable option as far as many small businesses are concerned. However, there are alternatives if you’re worried by the costs or potential consequences associated with an overdraft.
Alternative finance providers have seen demand for their services rising sharply as companies look to find new ways of accessing the funds they often need to survive.
What are the options if you want to exit the business and go and do something else or retire. What if it is insolvent?
The current austere climate has made it imperative for small businesses to tighten their purse strings, cut back on costs and eliminate undue expenses.
Numerous alternative lenders have been quick to fill in that void with an assortment of financing solutions, such as merchant cash advances, short-term working capital loans, and invoice factoring. But as more players enter the field, and the financing options expand, small business owners need to realize that all that glitters is not gold.