Funding Options by Tide

📢 Exciting news! Funding Options is now part of the Tide family! You can follow our adventures, learn more about the world of business finance and be the first to know about the lenders we can connect your business with over at Tide Banking! 🤝

💡 How to calculate your net profit: total revenue – total expenses = net profit

Knowing your net profit as a business owner will help you understand the financial health of your company. Business owners that are making profit 📈 can begin to plan on how to grow their business even more. 🚀

Business finance lenders will also use your net profit values to determine if the business will be able to repay the loan amount. Comparing the net profit value to previous periods also lets them know if the company is doing okay.

You can use our platform to see if you’re eligible to refinance or consolidate your existing business finance facility.

Start by telling us how much you need to borrow and what you need the finance for. Our Funding Cloud technology will compare up to 120+ lenders and match you with the right finance options for your needs.

If you’re approved and decide to go ahead with refinancing or consolidating, you’ll use the money from your new loan to repay your old ones, before repaying your new lender.

Again, if you're consolidating, you’ll only have one lender to repay each month.

Get started today: https://hubs.ly/Q01Jb31b0

There comes a time (or multiple times) within your business's lifecycle where securing additional funding just makes sense. It can be a vital part of launching a new product or expanding your service offering. It could help with purchasing inventory, to cover unexpected costs, or to boost your cash flow position.

However, not every small business owner who applies for a business loan will get one. 🤔💭

Let’s look at the main obstacles to funding and how businesses can overcome them. 👇

In this week's customer success story we take a close look at a business in the retail industry. 🛒

Our customer, who runs a retail grocery store, decided they needed funding to support their expansion plans. They filled in our online application form and requested £250,000. Our Credit Finance Specialist, Naveena Rashid spoke with the business owner and after finding out the customers wants and needs, Naveena and the owner decided that an unsecured business loan was the best option for the company. Now, the company and go onto putting their plans into action and add an extension to the store! ☁️🚀

💡 Unsecured business loans are a flexible funding solution, and is useful to those who need it for a short term, or for unexpected business expenses.

Check out the loan terms we agreed for the customer! 👇

📍 Cape Town, South Africa!
No week is the same for our employees at Funding Options, and we love to see it 😎 !

Our Senior Product Marketing Manager Way, used the policy to work from abroad in the beautiful landscapes of her home town, Cape Town. Once she arrived back into the UK, we asked her:

👨‍💻💬 What was your favourite thing about working from abroad?

👩‍💻💬 And she ’d back, “One of the things that I loved most about working from South Africa was the two hour time difference. It means you can wake up early and go for a swim at the beach, go for a hike through one of many incredible mountain trails, take a relaxing walk in nature or go for a lovely breakfast somewhere - all before starting your work day. And, it means that you’re not working too late into the night. The sun sets late in the summer in SA, so you’re able to make the most of the evening sun after work too! Sundowners on the beach are a must!”

Our working holiday from abroad policy allows our team to work from almost anywhere! Stay tuned to hear more from our employees taking trips around the world.

Where to next? 🌏👀

We're back with another customer success story! This time, we'll be discussing how a business in the motorcycles industry received finance through our digital-first platform, Funding Cloud, in just 23 minutes! 💨

A business owner who maintains and repairs motorcycles had seen an online advertisement of our services and came to us to help them achieve their growth plans.

After submitting an online application form at 10:22AM, our platform matched them to our lender network and they received a revolving credit facility loan offer of £15,000 by 10:33AM, the customer accepted the offer and received funds in the bank within minutes –and breath! Now, our customer can put plans into action and purchase additional stock.

We understand how busy business owners can be, that's why we aim to equip businesses with the tools they need to make their next business moves with the funding they want, super fast. 🚀☁️

Take a look at the loan terms we agreed for the customer👇

As we move through 2023, business owners are still facing many challenging cost pressures. Our recent survey has revealed which of these pressures UK SMEs have found the toughest.

Understandably, different industries are experiencing the impact of certain financial pressures more than others. For instance:

💡 33% of architecture, engineering and building firms say the rise in the cost of energy is their biggest cost pressure

💡 36% of retail and leisure businesses selected the performance of the pound as the most significant cost pressure

By taking steps now to identify the warnings signs and make any necessary changes, you can make your business more resilient and better navigate the current economic landscape.

Learn more here: https://hubs.ly/Q01JcYy20

💡 Our latest survey data reveals that the poor performance of the pound 💷, energy price rises 🔋, interest rate hikes 📈 and a number of other cost pressures are significantly hampering employers’ abilities to keep on their employees, as 72% of SME owners have said it is ‘likely’ that their business will have to make staff redundant in H1 2022.

Despite the widespread anxiety around layoffs and cutbacks, businesses are doing everything they can to curb the impact. Our research finds that although businesses are struggling retain staff, they are taking the necessary steps to keep their employees.

Take a look at our recent research findings: https://hubs.ly/Q01JcGHz0

It's a familiar feeling for SME owners all over the country: you discover a tax bill is due and realise you don't have enough working capital set aside to pay for it. But there are lots of ways you can fund a tax bill and cope with HMRC arrears — and using a tax bill loan is an increasingly common way to stay safe and be prepared for the next set of payments.

Find out if your business is eligible for VAT/tax bill finance 👉
https://hubs.ly/Q01J4tT40

⭐⭐⭐⭐⭐

A five-star review to brighten up your even more!

Seeking business finance doesn't have to be a hassle. We're here to help source the best funding options tailored to your business.

We're delighted to hear from Sean who has had a seamless experience with our Credit Finance Specialist, Gary Doyle, thanks for the great review Sean!

💡 84% of businesses who took part in a recent Funding Options survey said they are looking to secure funding in 2023. But what will they be using the funding for?

The infographic below 👇 shows you insight into how different sectors are planning to spend their extra finance this year.

Find our recent report and learn the range of funding products business owners can obtain here: https://hubs.ly/Q01J2GTc0



📍Railay, Ko Tao, Khao Sok, Thailand!

Our team are able to work from the office, work remotely from home, or from almost anywhere in the world! 🌏 ✈️ Yes, that's right! Here at FO, you're able to tick off travels on your bucket list and maintain your financial security at the same time.

👋 Meet Balraj Rai, our Product Designer who recently went on a workation to Thailand 👨‍💻🇹🇭 . Whilst he was exploring the many beaches and islands in Thailand, we got to ask him: what's your favourite thing about working from abroad?

💬 And he Slack’d back, “Being able to stay in a country for weeks rather than days really allows you to experience it in a way that’s just not possible on a short holiday!”

Stay tuned to hear from more of our team taking trips around the world! 🌏

P.S. Balraj, we're loving your bag. 👀

🗓️ The current tax year is coming to an end on 5 April, 2023. Are you ready?
It's important to collect any money you're owed before this date, and ensure you have submitted your tax returns to avoid any penalty charges.

Reminding yourself of the tax year dates will help you plan your financial budget, keep track of deadlines and feel prepared 👉 https://hubs.ly/Q01J2GXt0



This year is set to bring new growth opportunities for businesses. Check out the stat below! 📈

We recently commissioned a survey with responses from over 1,000 UK businesses, which has shed light on how different industries are planning to spend their extra funding this year.

From businesses in arts and culture, to businesses in travel and transport – our latest article delves into the areas they're looking to expand in, the challenges they are facing, and offers insight into the range of funding products business owners can obtain to grow, recover and expand.

Read the article here: https://hubs.ly/Q01HNkjg0



Mezzanine finance is a hybrid of debt and equity financing which can be useful for large projects, management buyouts or growing businesses. It allows such businesses to borrow a larger amount which, if things go to plan, will be paid for through profits gained.

💡Here's an example: if the main lender provides 65% of the amount you need for a project, mezzanine finance might provide a further 20% — leaving just 15% for the business to put in.

Mezzanine financing is often the facilitator for bigger projects that the business couldn't otherwise afford.

Learn the meanings behind more fintech terms: https://bit.ly/3TuALpU

It's ! Here's a customer success story that's certainly got our weekend off to great start! 🚀

A business owner in the fashion industry came directly to Funding Options after deciding they needed business finance to help them buy more stock and meet the increase in customer demand. After filling out our online form, our Asset Finance Lead Vivek Seda helped our customer find the most suitable loan option and lender.

Viv was able to secure £260,000 of funding for the business through an ongoing stock facility whereby the lender supports the supplier payments for the business owner. The funds can either be paid to the supplier directly or be paid into the business bank account, giving the owner more flexibility on how to use the funding according to their needs at the time.

Check out the loan terms we agreed for the customer below! 👇

Getting paid is a great feeling 🙌! But often the behind-the-scenes of it all isn't 😓. As a business owner, an unpaid invoice can be the bane of your life, and chasing long outstanding payments could eventually lead to cash flow pressures.

💡 Invoice finance offers a solution, enabling you to get paid – sometimes within 24 hours of sending your invoices – by a specialist finance lender.

🤔 So, how does it work? 👇

Your unpaid invoice (or invoices) acts as security for the funding, so you don’t have to offer security in the form of equipment or other business assets. Once your clients settle up, the lender provides you with the outstanding amount, minus their fee.

Use our application form to determine if invoice finance could work for your business and how much finance you could be eligible for: https://hubs.ly/Q01H75_C0

Today, Chancellor Jeremy Hunt revealed the contents of the Spring Budget 2023, laying out HM Treasury's tax and spending strategy for the year ahead.

A few financial plans that have been set include:

1️⃣ The corporation tax rise from 19% to 25% is going ahead as planned in April.

2️⃣ Free childcare has been expanded to help parents get back into work.

3️⃣ To help drive economic growth, 12 UK locations will become ‘investment zones’.

💡 Our latest article expands on these points as well as more, and discusses what the latest measures mean for UK SMEs and workers: https://hubs.ly/Q01H2qtT0

Many businesses require additional investment at one time or another. Perhaps your business is one of them? 🤔

It might be that you’re struggling to meet an uptick in customer demand and need a cash injection to invest in more stock. Or perhaps your existing equipment is lacking and you need to get your hands on some new technology in order to compete.

Whatever your reason may be for the need in funds, you have three main options when it comes to sourcing the investment. 👇

So, your business venture is well and truly off the ground and you’re beginning to see an increase in transactions. 🤔 While it’s important to keep the momentum going, you’ll also need to have a robust bookkeeping system in place. ✅

💡Our latest article shows you the ins and outs of bookkeeping, and how a combination of bookkeeping and accounting can help your business thrive.

👀 Want to read the article? Click the link 👉 https://hubs.ly/Q01FQ4KC0

Happy ! 💜

This year, to celebrate and champion women in business, we interviewed one of our female-led business customers - Well Life Physio and Massage in Oldbury.

Lead Physiotherapist, Lotoya discusses what the business growth journey has been like, shares advice for women who want to start or grow their business in 2023, and more!

Read the full story by clicking the link: http://bit.ly/3ymnMwF

When choosing a mortgage loan, you must consider how you would like to repay it and over how many years, in other words... the mortgage terms!

💡 The terms determine the time it would take you to repay your mortgage in full through monthly repayments.

The longer your mortgage term, the lower your monthly repayments will be as you'll be spreading the cost over a long period. However, a longer mortgage term means you'll be paying more interest in total. The terms will depend on a few factors, including your budget, overall affordability of the loan.



📢 REMINDER! 📢

The Energy Bill Relief Scheme is coming to an end on 31 March 2023. The government has announced a new scheme to replace it: the Energy Bills Discount Scheme.

The updated scheme will reduce the amount of support for SMEs, and is set to take effect from 1 April 2023. All eligible UK non-domestic energy users (including businesses) will benefit from discounts on high energy bills until 31 March 2024.

Find out how the scheme works and what it means for your small business 👉 https://hubs.ly/Q01Dx8HY0



We LOVE receiving feedback like this from our customers! 🤩👆

Building customer trust has always been the mark of a good business, and it's important to us that our customers feel that there is 100% transparency in communication and are comfortable throughout the process.

Rhianne helped this business owner connect with one of our lender partners and secure funding for growth. We're so glad Rhianne was able to help, Dijana.

We wish you and your business all the success for the future! 🚀

If you're looking for short-term capital to help bridge a gap in your business finances, a Bridging Loan might be your perfect funding solution!

As a business owner, you could use a bridging loan to help you along the way until long-term funding is secured. It's often used in property purchases and to support a sale in getting over the line, but they can also be used for other business purposes. For example, you could use it to buy an asset quickly if you don't readily have the funds, or for renovations, restorations and conversions.

Use our application form to determine if a bridging loan could work for your business and how much finance you could be eligible for: https://hubs.ly/Q01DwZHY0



💡 Business finance application tip!

When applying for finance through our platform, make sure to answer the final questions (see below!👇). By doing so, we'll be able to find even more suitable products and lenders according to your business – all you'll need to do after that is proceed with your favoured offer.

Our customers get expert support and guidance throughout the funding process, and our technology can facilitate instant, pre-approved offers.

See what you could be eligible for today by clicking the link: https://hubs.ly/Q01DtvFq0

If your business is in need of a quick capital boost, and takes payments via a card terminal, then a Merchant Cash Advance might be your perfect funding solution.

This involves a lender providing a cash advance to your business that is then automatically repaid through a fixed percentage of card machine takings. It is currently considered one of the most flexible forms of business funding as it reduces your finance admin, allowing you to spend more time doing what you love. 💛

Get started by clicking the link: https://hubs.ly/Q01D390H0