It’s no surprise that businesses are feeling more uncertain than ever. With everything that’s happening in the wider market – from rising energy costs to interest rate hikes, inflation, supply chain disruption –an astonishing 76% of SMEs and financial intermediaries are predicting that the UK will fall into a recession later this year*.
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Our Time Finance business experts share their insight and advice on the key issues affecting businesses today, including our reaction to government updates.
Over the past few years businesses have mastered the art of adapting to an ever-changing landscape, and the need for financial solutions to evolve alongside them has never been more prominent. This new marketplace has etched out the path for alternative lenders to adapt their offering to meet the changing needs of its client more readily - and with the support of broker relations, UK SMEs now have access to more approachable and accessible lenders than pre-pandemic.
Sharon Bryden, Director of Commercial Loans and Asset Based Lending at Time Finance, explains why it’s essential UK businesses now need to move away from those short-term solutions and focus on funding options that are here for the long haul.
2 in 3 businesses feel optimistic In what has been a chaotic 12 months, the financial pressures to stay open for business overwhelmed small business owners. Yet, what should have mounted and defeated many, in turn acted as a catalyst for strength and resilience. Many were able to innovate quickly to adapt to the restrictions […]
A study by Nationwide Building Society revealed that two-thirds of people are guilty of skipping the small print. Perhaps unsurprising given how time-consuming it can be to read the full terms and conditions of contracts. However, the consequences of failing to do so can be quite severe. So why is it so important to read […]
As the covid-19 pandemic presents unprecedented challenges, government guidelines to stay indoors and socially distance have dramatically changed the business landscape as we know it. With many businesses forced to close their doors to the public or downsize current operations, businesses of all sizes are being forced to think of new ways of working. In […]