bank loans

Small Business Investment Options: A Legal Perspective

Small Business Investment Options: A Legal Perspective

Many businesses need investment to be able to develop their product, launch it to market or expand into new markets. The common route is to get an equity share or bank loan – but whilst these are readily available options, they are not without pitfalls and obstacles. As a leading entrepreneur law firm we have worked with many companies, investors and financial groups looking for investment. This has given us a unique perspective on the risks and benefits of the different options available (from a legal and operational perspective). Our view is that before entering into any form of investment negotiation businesses must be armed with all the facts and options and, at the same time, fully understand their own needs. So what the top options available to you? Below we have outlined six o... »

47% of Business Owners Claim Their Bank Gave Them Bad Advice

47% of Business Owners Claim Their Bank Gave Them Bad Advice

47% of UK small business owners claim that advice they received from their bank had a negative impact on their enterprise, according to a report by Amicus Commercial Finance. The survey of 504 small business decision makers revealed that 16% admitted their firm is now in a worse position having accepted such recommendations – with 40% saying the service they’ve received in the past “isn’t good”. The relationship between small businesses and traditional lenders appears to be straining, with 30% of enterprise owners refusing to describe their bank as ‘helpful’, while 46% wouldn’t describe them as ‘flexible’ either. When quizzed about their biggest grievance with modern day banks, respondents cited having to deal with call centres as a means of customer service as the biggest – believing them... »