In this episode we look at the collapse of major UK Constructiion Company ISG and the effect that will have on their subcontractors, many of whom will take a financial hit.

We discuss financial products thatr can help to mitigate this risk, such as Construction Factoring and Bad Debt Protection.

We look at the UK Government announcement that they will be taking measures to address late payments. This is a massive problem for UK SME's and a huge barrier to growth. We look at credit searches and credit insuranance.

We then look at an invoice factoring lenders confidence tracker, which surveys over 1000 businesses, again bad debt and late payments are the hot topics.

Finally we look at a case study where Elliott, one of our experienced broker provided our client a £100k unsecured loan, alongside a £30k revolving credit facility.

Enjoy the episode and if you have any questions, contact us here www.thebestgroup.co.uk

Thanks you for listening!

In this episode, we talk about the team's trip to Funding Circle's HQ, recent cases where we helped a new start recruitment company to get an invoice finance facility, a Scottish construction business looking for invoice factoring facility and how we help businesses get their financials 'lender ready' to have the best chance of securing business finance.

We are Phil and Jack, owners of The Best Finance Group. We specialise in helping business owners find the right commercial finance, but we also help them in other ways on their business journey. This includes introducing them to our network of wealth managers, accountants, business consultants and many more that we plan to have in as guests.

In this first episode, we discuss the following:

• What you need to qualify for an unsecured business loan
• Three potential options available for start-ups that require funding
• The UK Government's new Growth Guarantee Scheme
• Different options available for a growing business that needs working capital, including Unsecured Loans, Invoice Finance and Revolving Credit Facilities

We hope you enjoy this episode, please feel free to contact us via any of the following, if you need any help with your business finance requirements:


www.thebestgroup.co.uk
www.linkedin.com/company/the-best-finance-group
https://www.youtube.com/@TheBestFinanceGroup


Thank you!

Phil and Jack
The Best Finance Group