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UK economy contracts in March as consumers face surging inflation

12th May 2022

Britain’s GDP contracted by 0.1% in March, according to data released by the Office for National Statistics (ONS) today. “The March decline highlights the pressure the economy is now coming under from the cost of living squeeze and the danger of it falling into outright recession later this year,” said Rupert Thompson, Investment Strategist at Kingswood. The services sector, which includes contributions from education, arts and entertainment, and food service among others, fell 0.2% last month and was the main contributor to this decline.

Britain’s GDP contracted by 0.1% in March, according to data released by the Office for National Statistics (ONS) today.

Self-employed risking retirement disaster

8th October 2021

The amount self-employed workers saved into their pensions during 2019/20 fell to its lowest level despite a growing number of people declaring themselves self-employed, figures released by HMRC suggest

The amount self-employed workers saved into their pensions during 2019/20 fell to its lowest level

Case study: commercial loan helps mother and daughter team to own their business premises

5th August 2021

Owning their own deli has always been a dream for mother and daughter partnership Deborah and Emma Gibson who have operated their successful business from the same shop for 10 years. We explain how a commercial loan helped this to become a reality.

Owning their own deli has always been a dream for mother and daughter partnership . We explain how a commercial loan helped this to become a reality.

6 ways businesses benefit from Invoice Finance

25th June 2021

While there is a wide range of commercial finance options available to businesses, few provide the versatility, flexibility and overall support package that invoice finance can.

Invoice finance provides a flexible finance option. Read more in this article.

CBILS ends – what is the new Government loans scheme for businesses?

31st March 2021

The Coronavirus Business Interruption Loans Scheme (CBILS) has now closed to applications. The Chancellor announced a new Recovery Loan Scheme will take its place.

The Coronavirus Business Interruption Loans Scheme (CBILS) has now closed to applications

Back-to-back auction purchase completed in one week

5th February 2021

The Coronavirus pandemic has slowed mortgage completions with some now taking months to reach a conclusion. Property developers, small and large, that need to complete deals quickly can use bridging and secured loans instead, to make sure they do not miss out on securing their next project.

The pandemic has slowed mortgage completions. But, property developers pushing for quicker deals can use bridging and secured loans to secure their project.

Cashplus granted full UK banking licence

4th February 2021

Advanced Payment Solutions Limited, trading as Cashplus, which offers a range of business and personal banking products, has been granted a full UK banking licence

Advanced Payment Solutions Limited, trading as Cashplus, offers a range of business and personal banking products, has been granted a full UK banking licence

Four days to complete a bridging loan for property refurbishment

4th December 2020

Bridging loans are there to help businesses finance opportunities such as property investment and property development fast. Alternative Bridging Corporation has released details of a bridging loan they completed in just four days from receiving the initial application.

Bridging loans are there to help businesses finance opportunities such as property investment

The Coronavirus Business Interruption Loans Scheme (CBILS) is extended

5th November 2020

The Chancellor has recently announced the extension of CBILS to end January 2021. The scheme that offers business loans, invoice finance, asset finance and business overdrafts is open to businesses that need finance due to Covid-19 affecting their trade.

The Chancellor has recently announced the extension of CBILS to end January 2021

More time to apply for a Coronavirus Business Interruption Loan as date extended

24th September 2020

Rishi Sunak, the Chancellor has announced that the deadline to apply for a Coronavirus Business Interruption Loan and a Bounce Back Loan has been extended to the end of November. The series of measures to support businesses during the winter months and then beyond has been called ‘pay as your grow’.

Rishi Sunak, the Chancellor has announced that the deadline to apply for a Coronavirus Business Interruption Loan and a Bounce Back Loan has been extended to th

How to get an interest free business loan before CBILS ends

22nd September 2020

The Coronavirus Business Interruption Loans Scheme (CBILS) closes to applications at the end of this month. Businesses have just days left to apply for business loans, invoice finance, asset finance and overdrafts that offer 12-months interest free and payment holidays.

The Coronavirus Business Interruption Loans Scheme (CBILS) closes to applications at the end of this month. Businesses have just days left to apply for business

SMEs pushing through loans ahead of the CBILS deadline

28th July 2020

SMEs looking for loans of more than £50,000 under the Coronavirus Business Interruption Loans Scheme (CBILS) are now pushing through applications to make sure they can secure their finance before the scheme ends in September.

SMEs looking for loans of more than £50,000 under the Coronavirus Business Interruption Loans Scheme (CBILS) are now pushing through applications to make sure t

Coronavirus business help: Banks set out student loans scheme for struggling businesses

16th July 2020

UK banks have proposed a new ‘student loans’ style scheme to help businesses that may struggle next year once their Coronavirus Business Interruption Scheme (CBILS) loans start to be paid back. The banks that are proposing the scheme claim that 780,000 businesses and three million jobs could be at risk if businesses cannot defer their loan repayments.

UK banks have proposed a new ‘student loans’ style scheme to help businesses that may struggle next year once their Coronavirus Business Interruption Scheme (CB

Half of Coronavirus Business Interruption Loans now approved

21st May 2020

50% of CBILS applications are now approved and six new lenders are added to the scheme.

50% of CBILS applications are now approved and six new lenders are added to the scheme.

How to apply for a Future Fund business loan

20th April 2020

Find out how the Future Fund loan works and if your business is eligible to apply.

Find out how the Future Fund loan works and if your business is eligible to apply.

Only two out of 10 Coronavirus Business Interruption Loans have been approved so far

16th April 2020

Find out which lenders are offering business loans under the Coronavirus Business Interruption Loans Scheme and why more loans aren't being accepted.

Find out which lenders are offering business loans under the Coronavirus Business Interruption Loans Scheme and why more loans aren't being accepted.

How will the new Coronavirus Business Interruption Loans Scheme work?

3rd April 2020

A change in rules to the Coronavirus Business Interruption Loan Scheme means more businesses are now eligible - even those previously declined.

A change in rules to the Coronavirus Business Interruption Loan Scheme means more businesses are now eligible - even those previously declined.

How to get financial support for your business during the Coronavirus pandemic

2nd April 2020

We answer questions about how the Coronavirus Business Interruption Loan scheme and the Small Business Fund Grant operates.

We answer questions about how the Coronavirus Business Interruption Loan scheme and the Small Business Fund Grant operates.

Chancellor reveals a Self-employed Income Support Scheme

26th March 2020

This evening Chancellor Rishi Sunak announced the Government’s Self-employed Income Support Scheme to help those who are self-employed during the Covid-19 crisis

This evening Chancellor Rishi Sunak announced the Government’s Self-employed Income Support Scheme

Will the Coronavirus Business Interruption Loan help your business?

25th March 2020

Moneyfactscompare.co.uk has received new information about the criteria businesses need to meet to be accepted for the Coronavirus Business Interruption Loan Scheme (CIBLS). Our article explains more.

Moneyfactscompare.co.uk receives new information about the criteria businesses need to meet to be accepted for the Coronavirus Business Interruption Loan Scheme

How to apply for a Coronavirus Business Interruption Loan

23rd March 2020

The Coronavirus Business Interruption Loans Scheme (CBILS) is available from today. The scheme launches with 40 lenders and offers loans, asset finance, invoice finance and overdrafts.Check if your business is eligible for the Coronavirus Business Interruption Loan Scheme.

The Coronavirus Business Interruption Loans Scheme (CBILS) is available from today. The scheme launches with 40 lenders and offers loans, asset finance, invoice

Government announces financial support measures for Coronavirus

17th March 2020

The government has just announced as part of their daily media briefings a series of measures to support businesses and mortgage borrowers impacted by the Coronavirus.

The government has just announced as part of their daily media briefings a series of measures to support businesses and mortgage borrowers impacted by the Coron

Metro Bank launches new cash collection service for SMEs

30th December 2019

Metro Bank has launched ‘MCASH’ – a new way for small businesses to request for cash to be collected or delivered directly to their premises.

Metro Bank has launched ‘MCASH’ – a new way for small businesses to request for cash to be collected or delivered directly to their premises.

Bridging loan rates now lower than the start of 2019

6th November 2019

According to the latest data from Moneyfactscompare.co.uk, the average monthly interest rates for bridging loans have reduced from just under 8% since the start of the year and now. Rates have dropped from 0.798% per month to 0.736%. During the past 11 months, only one bridging lender has increased its rates, while there have been eight rate reductions. The analysis included between 40 and 46 providers during the year.

According to our latest data, the average monthly interest rates for bridging loans have reduced from just under 8% since the start of the

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