Author Archive | Warren Palmer

Where there’s a will, there’s a way

or how a family business persuaded their bank to change its mind. Raj has run his pharmacy for 20 years and, apart from one year when he invested in an unrelated business venture that failed, the company is consistently profitable. He also rents out two shops nearby that produce enough income to service the bank […]

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turned down for a loan by your bank ?

Last year, of businesses trying to borrow less than £25,000, 40% were declined because of a poor credit score. But those asking for more than £25,000?   Just 3% were declined for the same reason. What causes these big variances?  Can you appeal against a thumbs down ? Sub £25k underwriting;- is largely an automated process ( […]

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CROWD FUNDING – a case study

It’s no secret that most small businesses can’t get a loan from their bank. However, most of them are totally unaware of ‘crowd funding’. If you aren’t too sure how it works exactly, here is a case study to familiarise yourself. So what is Crowd Funding? Crowd funding is an auction process that invites bids […]

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LENDING to BUSINESSES

Progress is being made ! It is clear that the High Street banks are reluctant to lend to SME’s who need funds to expand– the one market sector that can pull this country out of recession. They stick to well established companies, customers they know. Not surprising really, given the pressures they are under, squeezed […]

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CHEAP BANK LOANS – honestly!

Funding for Lending bank scheme launched This is a new scheme to prompt banks and other lenders to make more money available to businesses, and supersedes the £20bn. National Loan guarantee scheme which was launched only a few months ago . I wonder how long this new scheme will last? Will it be any more […]

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GET MORE from your BANK

When a bank cannot provide all the credit demanded by a customer, we can usually fund the balance, or an alternative. As well as the usual offers of  secured loans, equipment leasing and invoice finance, we provide ;- * unsecured loans to £100k for established ltd companies. * unsecured loans for professions, doctors/dentists/solicitors/accountants. * cash […]

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CASH BACK from R&D expensed

MORE PROFIT from your PATENTS If you sell products that you have patented then some good news  – be aware of  the new tax benefits that the Government is making available from April next year. 10% Corporation Tax on Profits from Patented Products from April 2013 10%. This is the reduced rate of tax the […]

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SME’s owed £35bn in unpaid invoices – a solution

SMEs are owed by their customers a record £35bn in unpaid invoices and half of this is overdue. Most of the late payers are large corporations. Big retail chains are the worst debtors, often demanding 120 day payments terms to their suppliers and even then paying late. The Government has announced several initiatives for providing […]

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UK businesses own £754bn of cash

The total balance sheets of all companies in the UK show this astonishing mountain of unused cash, most of it in the large corporates but a fair amount in the 200,000 strong SME sector. After years of acting as a  ‘company doctor’ for owner managed businesses, at the start of the recession I began arranging […]

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