Archive for the ‘Finance for SMEs’ Category

These are the days we live in

Wednesday, March 24th, 2010

If you have run your own business and have not had the highs, and the lows, you’re a better man than I Gunga Din. Running an SME is fraught with setbacks hopefully we learn from our mistakes and keep going, the following appealed to me:

Whenever you make a mistake or get knocked down by life, don’t look back at it too long. Mistakes are life’s way of teaching you. Your capacity for occasional blunders is inseparable from your capacity to reach your goals. No one wins them all, and your failures, when they happen, are just part of your growth. Shake off your blunders. How will you know your limits without an occasional failure? Never quit. Your turn will come.
Og Mandino, 1923-1996

Banks and the EFG

Wednesday, March 3rd, 2010

I read this somewhere but cannot recall where so can not attribute but it makes sense to me

Just a quick comment on funding for all. Forget High St banks forget the EFG, what wasn’t made public knowledge is that the Government increased the “pot” but reduced the overall total threshold of funds that banks could lend under scheme. So if a banks overall lending under the scheme exceeds I think it’s 10% and they take a hit from one of the participants in the scheme they are then liable for the debt and the government can opt out.
Understandably many banks are highly suspicious of the scheme and not happy to lend via it.

Business Link & EFG

Tuesday, March 2nd, 2010

Real Help for real Businesses now a flyer from Business Link states:

‘The Government has helped hundreds of thousands of businesses get through the recession and get ready for recovery.’

‘Even businesses unable to get commercial credit have been helped, with more than £700m of new bank loans supported by the Government’s Enterprise Guarantee by December 2009.’

REALLY?

I’d like to meet one