Your Business Resource Hub
We've compiled these useful resources to help you with everything from setting up a business to budget planning.
Calculators
Asset Loan Calculator
Estimate your monthly repayments and total costs for purchasing or hiring new equipment.
Calculate NowInvoice Finance Calculator
Estimate how much working capital you could release from your unpaid invoices.
Calculate NowHelpful Forms
Download your Personal Asset & Liability (PALIE) and Business Asset & Liability (BALIE) income and expenditure forms - essential tools for assessing your financial position.
Companies House
Everything you need for managing your company at Companies House - from setting up a limited company to filing annual returns and updating shareholder details.
HMRC
Quick links to key HMRC information covering business taxes, tax bands, and PAYE - helping you stay on top of your tax obligations.
Gov.uk
Access official government guidance on Right to Work, Health & Safety, TUPE, the Information Commissioner, and more - all in one place.
Property Search
Search for properties quickly using Rightmove and Zoopla - ideal for finding business premises or assessing property values.
Personal Credit Searches
Check your personal credit report with Check My File - a simple way to review your credit profile ahead of any funding application.
Finance Glossary
Plain-English definitions of the most common business finance terms, so you can make informed decisions with confidence.
APR (Annual Percentage Rate)
The yearly cost of borrowing money, shown as a percentage. It includes the interest rate plus most fees, making it the easiest way to compare loan costs between lenders.
Balloon Payment
A large final payment at the end of a loan or lease term. It reduces your regular monthly repayments but means a significant lump sum is due at the end.
Collateral
An asset (such as property, equipment, or stock) that you pledge to a lender as security for a loan. If you can't repay, the lender can take the collateral to recover their money.
Capital
The money you borrow or the financial assets your business holds. In lending, it usually refers to the principal amount of a loan.
Credit Score
A number that reflects how reliable you are at repaying debt. Lenders use it to assess the risk of lending to you or your business.
Default
Failing to meet the agreed repayment terms of a loan. Defaulting can damage your credit score and may result in the lender seizing any collateral.
Equity
The portion of an asset that you own outright — your asset's market value minus any debt secured against it. In funding, equity can also mean selling a share of your business in exchange for investment.
Fixed Rate
An interest rate that stays the same for the entire loan term, giving you predictable monthly repayments regardless of market changes.
Variable Rate
An interest rate that can go up or down over the loan term, usually tracking the Bank of England base rate. Your repayments may change accordingly.
Gross Margin
The difference between your revenue and the cost of goods sold, expressed as a percentage. It shows how efficiently your business produces and sells its products.
Hire Purchase (HP)
A type of asset finance where you pay for an asset in instalments and own it outright once the final payment is made. The lender owns the asset until then.
Invoice Finance
A funding method that releases cash tied up in your unpaid customer invoices. A lender advances you a percentage of each invoice's value, improving cash flow.
LTV (Loan-to-Value)
The ratio of your loan amount to the value of the asset securing it. A lower LTV typically means better interest rates and less risk for the lender.
Personal Guarantee
A legal commitment from a business owner or director to repay a business loan personally if the business can't. It puts your personal assets at risk.
Principal
The original amount of money you borrowed, excluding interest. Each repayment usually covers part of the principal plus interest.
Refinancing
Replacing an existing loan with a new one, often to secure a lower interest rate, extend the term, or release equity from an asset.
Secured Loan
A loan backed by an asset (collateral). Because the lender can recover the asset if you default, secured loans typically offer lower interest rates than unsecured loans.
Term
The length of time you have to repay a loan, agreed with the lender. Terms can range from a few months to 25+ years depending on the loan type.
Unsecured Loan
A loan that doesn't require specific assets as security. It may be quicker to arrange but usually carries a higher interest rate, and a personal guarantee may be required.
Working Capital
The money available for day-to-day operations — your current assets minus your current liabilities. It's a key indicator of your business's short-term financial health.
Insolvency Support
If your business is in financial trouble, it's important that you take action and talk to a qualified insolvency expert as quickly as possible. As specialists in insolvency, Insolvency Support have helped hundreds of UK businesses to take swift action and protect themselves during periods of creditor pressure or cash flow issues.
Visit Insolvency Support
Important information
This guide is for general information only and does not constitute financial advice. It's a good idea to seek independent professional advice before entering into any finance agreement.
Compare Your Funding is a trading style of TGL Solutions Limited. TGL Solutions Limited is not authorised by the Financial Conduct Authority and can only complete non-regulated introductions. We may receive a commission when we introduce you to a funder - see our how we make money page.
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