Banking & Saving - Businesses 'benefit from lending scheme'
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Latest News Businesses 'benefit from lending scheme'
Businesses 'benefit from lending scheme'
UK businesses are benefiting from a government loans initiative, it has been stated.
A government lending programme has offered a timely boost to many firms' business accounts, it has been reported.Small business minister Lord Davies points out that the Enterprise Finance Guarantee (EFG) has seen more than 8,450 companies receive state-backed financial assistance totalling more than £580 million to help boost cash flow, invest in new equipment and create jobs.
Under the EFG, 84 per cent of those questioned claimed the programme has helped improve their prospects of survival.
"These impressive results show the government is providing real help to businesses when they need it, helping to secure jobs and give businesses the capital they need to invest and grow," he states.
However, those looking to fund further growth may want to consider taking out business credit cards or seek out competitive business bank accounts in order to make the most of their money.
Such news comes as a recent study by Lloyds TSB Commercial revealed that the balance of firms expecting orders, sales and profits to increase over the next six months stands at 16 per cent, the highest score seen for two years.
By Nate Sawyer
Wednesday, 23 December 2009 00:00
| Card | Balance Transfers | Purchases | Typical APR (variable) | Apply |
|---|---|---|---|---|
| View Full Table > | ||||
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Barclaycard MasterCard Business Card | |||
|
N/A
N/A
|
N/A
N/A
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15.2%
|
||
 |
Barclaycard Visa Gold/Platinum Business Card | |||
|
N/A
N/A
|
N/A
N/A
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15.2%
|
||
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Barclaycard Platinum/Gold Corporate Charge Card | |||
|
N/A
N/A
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N/A
N/A
|
N/A
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||
Introductory Offer
- Balance Transfer Rate:
- N/A
- Balance Transfer Fee:
- N/A
- Purchase Rate:
- N/A
Typical APR
- Purchases:
- 15.2% p.a.
- Balance Transfers:
- 15.2% p.a.
- Cash Advance:
- 26.9% p.a.
- Annual Fee:
- £32 p.a.
Standard Features
- Credit Limit:
- £10,000 (Subject to Status)
- Interest Free Days:
- Up to 56 days
- Online Banking:
- Yes
Introductory Offer
- Balance Transfer Rate:
- N/A
- Balance Transfer Fee:
- N/A
- Purchase Rate:
- N/A
Typical APR
- Purchases:
- 15.2% p.a.
- Balance Transfers:
- 15.2% p.a.
- Cash Advance:
- 26.9% p.a.
- Annual Fee:
- £32 p.a.
Standard Features
- Credit Limit:
- £10,000 (Subject to Status)
- Interest Free Days:
- Up to 56 days
- Online Banking:
- Yes
Introductory Offer
- Balance Transfer Rate:
- N/A
- Balance Transfer Fee:
- N/A
- Purchase Rate:
- N/A
Typical APR
- Purchases:
- N/A
- Balance Transfers:
- N/A
- Cash Advance:
- N/A
- Annual Fee:
- £32 p.a.
Standard Features
- Credit Limit:
- £10,000 (Subject to Status)
- Interest Free Days:
- Up to 38 days
- Online Banking:
- Yes
| Provider | Account | AER | Free Banking Duration | Interest Paid | Apply |
|---|---|---|---|---|---|
| View Full Table > | |||||
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FREE day-to-day banking forever
|
6%
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for Unlimited
|
Monthly
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 |
Free day to day banking and a market leading cash deal
|
0.25%
|
for Unlimited
|
Monthly
|
|
|
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2 years FREE business banking with NO charges
|
0%
|
for 24 mths
|
Monthly
|
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 |
Up to 2 years free banking & free automated transactions
|
N/A
|
for up to 24mths
|
Monthly
|
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Get free automated transactions, plus a whole lot more
|
N/A
|
N/A
|
Monthly
|
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- ***CALL 0845 606 0875 TO APPLY***
- (This offer is only available over the phone).
- 6.0% AER for the first 12 months on balances up to £2,500 when you use the Account Transfer Service
- Free day to day banking includes:
- Unlimited direct debits, standing orders and bill payments
- Unlimited debit card payments
- Unlimited automated BACS credit
- Unlimited transfers between linked Abbey accounts
- 100 cheque deposits per month
- 100 cash and cheque withdrawals per month
- £3,000 in cash deposited per month
- Operate the account through the internet, by phone, by post and ATMs
- Cheque book, paying in book, debit card and regular statements
- No monthly charge
- No minimum balances
- No minimum amount required to be paid in each month
- Monthly deposits of £1,000 or more are required to earn 6% AER / 5.84% gross
- Free access to Relationship Managers as your business grows
- Authorise others to operate the account on your behalf
- Awarded ‘Best Business Current Account Provider’ for 7 years year running.
- The rate of base +0.60% is applicable for 12 months from opening your account, then reverts to a rate of base -2.00% gross per annum. This rate will not to fall below 0.10% regardless of any downward movements in our base rate.
- **Unrivalled access and convenience** - Pay in and withdraw money at any branch as well as at any Post Office Nationwide. That’s a bigger branch network than all of the big banks combined!
- FREE & UNLIMITED day to day banking:
- FREE & UNLIMITED Direct Debits
- FREE & UNLIMITED standing orders
- FREE & UNLIMITED automated transactions
- FREE & UNLIMITED cheques issued and deposited
- FREE cash deposits up to £3,000 each month, then it is just 50p per £100
- Bank online, over the phone or via the post, plus you can pay in or withdraw money at any Alliance & Leicester branch or Post Office.
- Free online practical business advice, in conjunction with BusinessLink.
- 2 years FREE business banking
- **Unrivalled access and convenience** - Pay in and withdraw money at any branch as well as at any Post Office Nationwide. That’s a bigger branch network than all of the big banks combined!
- No minimum balance of funding requirements
- No standard transaction charges
- FREE Internet business guidance service
- FREE legal and tax advice
- Bank by Internet, fax, phone or at 14,000 Post Offices
- Up to 2 years free banking*
- Free Automated Transactions Tariff as standard (at the end of the Free Banking Period)
- Your own Local Business Manager – backed up by an Award Winning Telephony Team**
- Bank in branch, online or by phone
- We offer more than you’d expect from a bank…
- Free CREDITFOCUS Classic - an award wining credit management tool***
- We offer up to 45 minutes’ free consultation with local professional experts in accountancy, marketing and law.
- Free Local Business seminars
- Free - Securely back up 2GB of your business data
- Access to unique business management software so that you can spend less time on admin and more time on what you love doing
- * There is no charge for standard transactions for two years if the Barclays Business Essentials and CREDITFOCUS Pro or Barclays Business Essentials Plus and CREDITFOCUS Pro or Barclays Business Manager and CREDITFOCUS Pro are purchased at the time of opening the account. This is only applicable for new businesses opening their account with Barclays. This applies to everyday Sterling, debit and credit transactions and the maintenance fee. Please note: accounts must be active.
- **Best Large Call Centre in 2007 European Call Centre Awards
- ***Available to small businesses with a turnover below £1m
- Free Automated Transactions Tariff as standard
- Your own Local Business Manager – backed up by an Award Winning Telephony Team**
- Bank in branch, online or by phone
- We offer more than you’d expect from a bank…
- Free CREDITFOCUS Classic our award winning service to help cut out late payers and the risk of bad debt until 31st December 2009 *
- Free advice from a local solicitor
- Free Local Business seminars
- Free - Securely back up 2GB of your business data
- Free online skills training
- Free advice from our Legal & Tax helpline
- Plus, access to unique business management software so that you can spend less time on admin and more time on what you love doing
- **Best Large Call Centre in 2007 European Call Centre Awards
- *Available to small businesses with a turnover below £1m
