Business people are always in need of financial assistance so that their business functions smoothly and further expansion plans can be carried out. In the UK, business persons can find number of lenders who are providing business finance for any business purpose. Such business finance is very crucial for enhancing prospects of the UK businesses. Business finance in the UK is being provided for any purpose like buying a new business, paying for salaries, buying office furniture, equipments, machinery etc.
Business Finance UK can be availed in secured or unsecured options as suits to the business requirements. For greater loan amount, secured business finance is opted for as you can borrow any amount depending on value of the property, offered as collateral. But the biggest advantage of secured business finance in the UK is that it comes at lower interest rate. Also for reducing the monthly outgo towards the loan installments, you can choose to repay the loan in larger duration of 30 years. So, one can say that secured business finance is burden less for the UK business people while they utilize the loan.
Unsecured business finance is provided for smaller amount without taking any security. So business person is under no risks in taking the loan. However, unsecured business finance is costlier as lenders tend to charge higher interest rate. If your credit score is very low then the interest rate goes even higher.
If past credit history of the business is not good, still there are lenders who will loan money to such people. Business finance in the UK is well available to all business persons who have late payments, payment defaults, arrears and county court judgments against their name.
But do not forget to take a plan of investment to the lender. The lender would like to know as to where the loan amount will be invested in the business. Also you must be having sufficient bank balance to convince the lender that the loan will be returned back in timely manner. You can locate business finance lenders in the UK on internet and banks also offer the loan. But get their rate quotes for vast comparison. And pay off the loan in time for escaping any debt accumulation.
great job A+
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great job
Yes, you can, in the 1990's. Unfortunately you probably will not be able to now. I remember around 2000 everyone was going for finance/real estate degrees…..well that market is dead. The only thing that is left over is selling insurance/stocks/mutuals. I have a Management degree with a lot of finance and I have been approached by two employers to hock their insurance products. I too, hate selling those types of things, especially in a terrible economy. The only thing you might possibly get with a finance degree is some office A/R or A/P job making $12/hr max. Business degrees are virtually worthless right now since most businesses are closing/cutting/downsizing. It's just bad luck. Most people I know do not have a job, those with degrees who do have jobs make $7.25/hr. Since you're finince savvy, start investing in gold, silver, get rid of any fiat currency youo have, invest in a nice gun, ammunition because jobs are not coming back and the only thing you might have is what you can get now.
Very informative!
For startups and new businesses, I would recommend
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Try Philosophy, or Logic and Reasoning. I've heard people have done well with those.
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Great intro tutorial on Balance Sheet–one of the more confusing reports every woman entrepreneur and business owner should review regularly!
I would estimate that getting a B.S. in business finance, and then getting an MBA would get you an additional 20% salary over a bachelors degree. You didn't specify what part of the country you are looking to be employed, and it also depends on where you get your MBA or MF degree from. Generically speaking, a first year MBA/MF candidate with non experience can expect a salary of anywhere from $60 to $80K from a second tier school. However, an advance degree from an Ivy League School, or even a Big Ten school with a great business school should start you off at minimum of $100K. However, this is not the best economy to be looking for a job.
My advice to you would be to complete your bachelors degree, get hired by a very good firm, that will also reimburse you to get a Masters degree (do you really want another $80K in student loans, or do you want your employer to pay for them—but tuition reimbursement for a masters degree is considered taxable income) and work and get your Masters degree at the same time. Your company, if they are interested in keeping and investing in their best talent, should reward you for your hard work and diligent. Good luck!
Business is usually business management like managing a hotel, a building, a transportation company etc. Finance is more like helping big companies invest and manage their money and help rich people manage their money, more or less making big decisions. In finance you can help people invest and make more money(like a broker or financial adviser). Accounting is very hard math and deals with doing all the math for a business like calculating how much money is being spent, being earned, and how much is being lost and wasted. I think you want to be a financial adviser or a financial manager. All these fields are doing really bad right now because rich people are not investing and these jobs are being laid off.
Very concise and put in a simple manner for all to understand. Just what I needed! Will now look at your other videos.
Thank you!
Your uncle must be trying to persuade you NOT to do some action involving business/finance. Quite naturally, you must respect your uncle as he is your elder. If you have talent in that area, and you are satisfied that you will do well, go for it.
Keep the peace!
Thank you so much for this. Very well explained, and I liked the example
certificate requirements change over time,
do whats needed to get into a big firm but if after 2 years you dont cross the sevenfigure income bar move to a smaller firm or you will get forced out on their terms
best plaus – learn a foreign language from a BRIC country big big big plus
whoa, country bumpkin!
You can try the small business administration for start up funding but you will still have to deal with a bank.
Creating an LLC is no more difficult than filing a form with your home state and paying a fee. Before you do ask a tax advisor because you may want to set up a C or S corporation instead.
You have lot of options other then accounting to choose as a career with a bachelors in business finance. You can become a Financial consultant, adviser, planner, a stock analyst… the options are numerous i would suggest you to evaluate your strengths and then choose the career which you think would best suit you.
HOW ABOUT THIS WE GO TO THE BANK YES WE AND THE BANK CREATE NEW MONEY WE GET £10.000.Say AND THE BANK GETS £10.000 SAY .ALL AT THE SAME TIME ON THE SAME DAY..NO ONE OWES..NO ONE..WE ALL GOT OUR MONEY..AS WE CREATED IT.SO THE old WAYS OF BANKING OUT OF Dated.ALL BANKS AM going uder.UK GOVERNMENTS AT TO BUY ALL THERES AND EU AND USA ….AM LIKE GREASE BANKRUPT NEARLY..ITS GOING TO BE A BIG WW3 THATS Y THERE WARS SOMETIMES TO START NEW WORLD ORDERS AND THE ANWER HERE WITH US