A NEW website has launched offering free financial advice to small businesses across the UK.
The Association of Chartered Certified Accountants (ACCA) and Barclays have joined forces to launch the website, which went live this week. It explains the different types of finance available, what to consider when choosing which one is right for your business, and how to make the loan application. It also includes examples of business plans and model cash-flows with the aim of ensuring businesses are equipped to apply for a business loan.
Andrew Leck, head of ACCA UK, said: “Finance is key to the survival and growth of any business. Small businesses are the life-blood of the UK economy, and we are delighted to be working with Barclays to offer much-needed advice to those that do so much to help the economy.”
Sue Hayes, product and marketing director, Barclays Business and Personal Banking Solutions, said: “Barclays is very much open for business – in fact, we’re still agreeing four out of five business lending applications, a figure little different to before the recession, but we believe more needs to be done to support businesses and restore confidence.”
The website can be found at www.accaglobal.com/en/business-finance.html