Poor Credit Business Loan

How To Get A Business Loan With Bad Credit

Poor Personal Credit

So, what happens if you have poor personal credit because of things which have happened in the past. Is this a deal breaker when applying for a business loan?


Previous credit difficulties will show on your credit file for a set period of time. Defaults from simple phone or utility bills will show. They will however elapse and therefore improve as time moves forward. A business loan provider will assess every loan application. When you have an average or below-average personal credit score, this makes up an overarching credit risk profile.


Therefore, it isn’t the end of the world if your credit isn’t great. It will make a proportion of the credit application; however, many different aspects are reviewed by the underwriting team. The trading history and assets of the business will be imperative to assessing a business loan amount and the affordability of repaying the loan, This is because all lending should be responsible.


How Do I Improve My Personal Credit?


Ways in which you can improve your personal credit can be as basic as ensuring you are registered on the electoral roll at the correct residential address. Also, if the credit file is showing something that is incorrect or being disputed, get this resolved before applying. Having a clear explanation of the reasons for any defaults along with evidence to demonstrate your argument is vitally important. It will allow us, the finance broker, to strengthen your business loan application. As previously mentioned, the personal credit of the directors or majority shareholders is one piece of a business loan application.


You can check your credit using this link here. This will cross-reference multiple credit agencies to pick up on any discrepancies.


Business Credit


As you may be already aware business credit from the outset is crucial when looking to raise finance. This could be asset finance on a vehicle, a business loan for cash flow, or a commercial mortgage on a property. Whatever the finance requirement a lender will be reviewing your businesses credit. Simple ways of keeping your business credit healthy can are staying out or within your overdraft, paying suppliers on time, and having good performing financial year-end accounts. Credit agencies will pick up on these factors and pull them together to make an overall score from 0 to 100.


It can work in your favor when winning new contracts, working with new suppliers, or taking on larger orders. Having a quick cursory check at a business’s credit will give you the power of deciding if they are credit-worthy. It could be the difference between you taking on bad debt or staying profitable.


Quick And Simple Ways to Improve Business Credit


  • Check your businesses credit score regularly to ensure the information credit agencies hold is correct
  • Personal financial scores will affect the business’s overall credit rating. Keep your personal finance under control.
  • Should your business’s details change because you have moved offices ensure all registered and trading addresses are correct. This can take less than 10 minutes
  • Don’t apply for business finance on an Adhoc basis. Use a commercial finance broker such as ourselves. We will only approach the most suitable lenders, reducing the number of credit searches
  • Have good working relations with any creditors and pay invoices once they are due. Aged debt and slow payments can really hinder your credit score



Information Required When Applying for A Business Loan


Your business may be ready to apply for a business loan for business growth, cash-flow funding, or business acquisition. Whatever the reason you are probably now reading this because you are thinking about applying for a business loan and want to know more about the process.

It can be very straightforward if you are organised. Having the information accessible will reduce the decision-making time of the loan provider. If your business has a trading history then brilliant. If you are a new start most of the information will be similar You can contact a commercial finance broker to find out more.


  • Most recent annual accounts
  • Last 9 months business bank statements
  • Business Plan
  • Cash Flow Forecast
  • Last 4 quarters VAT returns
  • A clear requirement for funding and use of business loan


We can talk through the relevant information and why the lender requires this. Don’t panic if you don’t have all the above. We can work with you to tailor what works. The term of the loan and the rate will depend on your individual business funding requirement.


Fast Business Loans Bristol

Looking For A Cheap and Fast Bristol Business Loan?

Fast and Cheap business loans in Bristol


If you’re looking for a fast and cheap business loan in Bristol it can be difficult to know where to start. Especially when looking for a business loan that is quick and easy to secure. Traditionally business owners would have gone to the bank manager to source a business loan. Subsequently, time has moved on and now many business owners don’t even know who their bank manager is. Let alone ask for a business loan to fund their business in Bristol. Traditional bank loans in Bristol can be time-consuming. With in-depth information required often a business owner not having available. Fortunately, since the 2008 credit crisis, the rise of alternative lenders has grown to fill the void for small to medium-sized businesses looking for business loans.

The information required for a small business loan is very light. Often bank statements and any annual accounts are enough to satisfy the lender. Therefore, the business loan can be released in under 24 hours. Making the business loan in Bristol quick and easy for Pinnacle Finance to secure for you. There are over 50,000 businesses in Bristol which makes it a vibrant and successful city for businesses. Having a business loan that is going to give the business financial backing to grow and support cash-flow is imperative. However, not all business loans in Bristol are the same.


How quickly can I get a business loan in Bristol?


Being a business owner, time is one of the most important aspects of a busy diary. So, knowing what information to have to apply for a business loan is what you need to know. Also, the time it will take. Using a commercial finance broker like ourselves we will manage the process for you. Whilst stating how long the process will take from start to finish. Pinnacle Finance collate the required information upfront from you. Then package and send the application to the select lenders. The process on average will take 2-3 working days depending on the business’s and lender’s circumstances. The time frame can fluctuate depending on variable factors such as business loan amount. In.

Bristol and the South West there are business loan providers dedicated to supporting business here in Bristol and surrounding areas. This is because business loans in Bristol can be difficult to come by. Especially when starting out looking for a start-up loan. With government funding such as bounce back loans and CBILS loan being there for more established businesses. Some smaller and start-ups in Bristol have missed out on business loans. Pinnacle Finance has been there for business in Bristol to secure business loans through the covid-19 pandemic. We continue to support business In Bristol looking for business finance.


What are the advantages of a fast business loan?


Business owners in Bristol and the surrounding areas often approach Pinnacle Finance asking how they can best utilise a business loan. Having an accountant in Bristol or Financial Director is hugely beneficial. Having the basics of a cash-flow forecast or business plan will aid in mapping out what the business loan will be used for. Plus, the financial benefit it will have on the business. A CBILS loan in Bristol has the additional benefit of 12 months of no repayment over a maximum term of 6 years. Once the government loan ends in 2021 then unsecured business loans and secured business loans in Bristol will be available. A business loan with no early repayments and no to little setup fee is favorable. However, this will depend on the type of business to whether it is available.


Business Grants in Bristol


The term business grant often provokes thoughts of free money for businesses in Bristol and the UK. Unfortunately, this isn’t the case. Green energy or high-tech growth businesses have the opportunity to secure business grants. This can be for start-up funding or research and development businesses. Every business grant in Bristol and the UK will have its own criteria to hit. Pinnacle can aid with securing business grants and alternative business funding in Bristol. There are the best business loans available to businesses that require financial backing to grow.



How much is an unsecured business loan in Bristol?


An unsecured business loan can be favourable to business owners due to the security of the business loan. Unlike a traditional bank loan. An unsecured business loan is a personal guarantee backed. No second charge or debenture is taken over the business in Bristol. Personal Guarantee insurance can be taken out by the business owner. This can provide comfort to the business owner.

Of course, a form of security for the business loan will need to be given by the business in Bristol. The unsecured business loan in Bristol or across the UK will there for non-homeowners looking for a business loan. The amount can vary between £3,000 up to £300,000 depending on the size and financial strength of the business. Similarly, unsecured business loans can act as short-term business loans in Bristol. Term up to 18 months with no early repayments. Giving the business in Bristol the short-term funding it requires.

Debt Factoring Bristol

What Is Debt Factoring?

Looking At Debt Factoring?

You may be thinking what is factoring and how does it work? It’s a financial means of supporting cash-flow for the start-up and SME businesses. To maximise the benefit to your business there are a few pre-conditions. Invoicing B2B (Business to Business) is a must. Also invoicing once the work or service is completed. Debt factoring is a finance facility used to support cash-flow and grow a business. Commonly for a start-up business, there will be a set fixed bundled fee structure so it’s easy to calculate and controllable measure. A business finance broker like us will run through pre-qualifications to make sure your business can use factoring. It can be a flexible finance option and tailored to the individual business requirement.

The Impact of Debt Factoring On Cash Flow?

Very rarely can new business owners foresee the importance of cash-flow and how this will impact growth in relation to turnover. Winning new large contacts can be fantastic. With large corporations, allowing smaller SME businesses a chance to grow. However, scrutinizing contact payment terms is imperative. This is because the large the corporation, the slower payment terms can become. So even though you may think, fantastic I’ve won new secured work. The impact on cash-flow to fulfill this contract or service can be costly. Anything over 30 days or even less depending on the industry can have an effect. So how do you mitigate against these factors? Debt factoring is used to release outstanding invoices as an upfront payment. An example would be your business invoicing £1,000 on 30-day payment terms. In the next 30 days wages, expenses, marketing, and other business expenditure continue. In addition, the customer or debtor is late at paying. This leaves you the business owner in difficulty. So, factoring or debt factoring can aid this. Once you have raised the invoice and sent it to your customer. The invoice finance company can release up to 90% of the value of it. Resulting in £900 minus pre-agreed fees are paid to you. On payment of the invoice the remaining balance it released back to you. If you are unsure or would like the security of funding, then credit insurance can assist. This mitigates against bad debts providing you the business owner with the financial backing. To grow and boost cash-flow within your business.

Why Is Turnover Important in Factoring

When setting up invoice factoring the financier will ask what your previous or projected turnover levels are. One of the simplest definitions of turnover is the total amount of sales during a time frame. Commonly turnover is calculated and assessed over 12 months. If you require new start business funding, then having a clear business plan and the cash-flow forecast is a must. If nothing else, it articulates your business projections. Otherwise, it’s just a great idea in your head which can become extremely stressful. So, having a business plan that has cash-flow and turnover levels in it is so important. Also, when you speak to a business finance broker, we will assess this for you. Pre-qualifying what the finance companies will want to see. Making the process seamless and stress-free. Most importantly getting the best debt factoring for your business. Hopefully, you now have a brief understanding of factoring and why it’s so important. Knowing why having basic financials such as turnover levels is so crucial.
Cash Flow Invoice Finance

How to Boost Cash Flow?

What Is Cash Flow

Before we delve into the fine art of cash flow and how this can grow your business, we need to understand what cash-flow is. Commonly within a business, your accountant, consultant, or support network may commonly mention cash-flow to you and how important this is. The reason being is that it’s the lifeblood of any business. So, cash-flow is the transferring of capital in and out of a business. Think of it as water running through the pipes and out a tap. Without cash-flow, you may have all the infrastructure but no capital available to you. A business can be loss-making but have healthy cash-flow. Therefore, not feel the impact of this. Now of course the aim of any business owner is to be profitable, have readily available funds, and have the ability to scale the business to achieve the desired outcome.


How to Assess Cash Flow?

When looking for investment into a business the financier or lender will analyse the business’s cash flow position. The way in which most financiers will do this is by looking at the debt servicing ratio. This is a simple equation as follows. Debt Service Coverage Ratio = Net Operating Income / Short-Term Debt Obligations. This is to make sure that the business can repay the short term borrowing or liabilities to creditors etc. Your business can be profitable but if it doesn’t have positive cash-flow then it won’t survive. The reason why this can happen is you have large amounts of capital tied up in outstanding invoices. If credit terms to customers are less than favorable, then how will you support have readily available funds? How will you pay staff, buy further stock or have free capital to grow your business?


How Do My Credit Terms Effect My Cash Flow?

When starting a business or scaling an SME business up, how do you maintain a positive cash flow position within your business? One of the many tools in your armory is to get your customers to pay within the credit terms. On the flip side, ask your suppliers to offer credit terms to you. As a consequence of this, you will not only have the ability to pay your suppliers in 30 or even 60 days’ time after the goods or serviced have been supplied. You will have your customers paying you in a timely fashion. This will leave you free money to operate your business. Maintaining a healthy cash flow position and be able to grow or acquire business’s as you go.


Finance Solutions Available 

Now as a business owner, financial director, or business advisor you are thinking I want to grow my business. How do I improve my cash-flow; in partnership with the points already raised? One finance solution to support cash-flow is invoice finance. This is accessible to all sizes of business not just corporate finance. As a start-up or SME business, it can be difficult to access funding. Invoice finance is there for a business who invoices B2B (Business to Business) once the goods or service has been delivered. Often smaller companies are put under greater strain when working for larger businesses.

This is because the credit terms for paying invoices can be 60, 90, or even 120 days after the work was completed. Leaving you the business owner with outstanding invoices on your sales ledger. Now invoice finance can release the outstanding money on your sales ledger and give you the ability to not only free trade with the larger businesses. But grow your business and have a positive position. The amount you have tied up in outstanding invoices plus future invoices you raise will be advanced against.


How To Access Finance?

The answer is simple. Go to either ourselves Pinnacle Business Finance as we have a wealth of experience within this industry. Alternatively, you can go to your accountant or business consultant who will refer you to a commercial finance broker such as ourselves to source finance for you. This will not only save you time, money and give you the ability to gain the financial backing you require.

cash flow

The impact of Late Payments on Cash Flow

The impact of Late Payments on Cash Flow 


 Covid-19 Loans 

During Covid-19 small businesses across the UK are striving to survive and keep cash flow positive. This can be particularly challenging when their customers are taking longer to pay and therefore stretching cash flow further. Employees are being furloughed to reduce overheads. Also, many SME’S are taking on board Government-backed loans such as the BBLS (bounce back loan scheme). The BBLS is for businesses that are looking to borrow between £2,000-£50,000 in as little as 24 hours. The government covering the first 12 months of interest payments. A business will be able to have access to the loan, up to 25% of their turnover as a lump sum payment. 

Pinnacle and your accountant can help you through the process of applying for a government-backed loan. The scheme is initially open until the 4th of November 2020 with 100% Government backing. The term of the loan can be up to 6 years keeping monthly repayment as low as possible, however increasing the overall interest payable.  

There are alternative business finance options available to UK businesses that will mitigate late payments and keep cash flow strong. The labour peer Lord Mendelsohn has introduced a Private Members Bill to the House of Lordsto tackle the issue of late payments for small businesses. This was proposed in January of 2020. Commonly with 30-day payment terms on an invoice if the customer exceeds this term, there is little to no fines incurred. This has repeatedly put a strain on cash flow for businesses. Especially in industries such as haulage, recruitment, and construction which rely on a positive cash flow position to pay staff, maintain vehicles, and buy materials.  


What Is the cost to SME businesses? 

 Pinnacle Business Finance is a member of the FSB (Federation of Small Businesses). A report was generated by the FSB back in 2016. This gave some headlines figures on the impact of late payments on the economy. A staggering 37% of small businesses reported having cash flow difficulties and resulting in 30% running into their overdraft. In addition to this, nearly 23% of all insolvencies in the UK were due to late payments. The estimated cost of this to the economy was 2.5 billion! 


What cash flow solutions are available? 

 One funding option available is invoice finance. There are 2 facilities which can be utilised to tackle cash flow using invoice finance. These are factoring and invoice discounting. These finance facilities are used to mitigate late payments and free up capital which is tied up in outstanding invoices. Furthermore, if a business has particular customers who are late at paying and require funding on these, then selective or spot factoring can be used. This is where the business picks and chooses what invoices or customers they want funding on.  


Credit Line facilities? 

 A credit line facility can also be used to tackle problems with cash flow and increase turnover levels. A credit line facility is a set amount of funding that a business can borrow and pay back over a flexible term. This operates like an overdraft and provides an SME or corporate venture the ability to access large amounts of funding as required.  


Accountants Support With Business Loans When The Government Say No

Accountants can support

Accountants across the UK are finding themselves in a bind, at the moment. While the government has offered to support small and medium-sized businesses with grants, loans, and other funding options, many companies need their money faster or simply don’t qualify for government intervention. Alongside this, many brokers, lenders, and other funding bodies are also having to cut their workforces. This is to ensure that they can keep them healthy during this challenging time.

This is putting huge amounts of pressure on professionals who are dedicated to managing the finances of their clients. Making it feel as if there aren’t any options available to help them. Thankfully, though, Pinnacle is well and truly open for business. This means that we are well-placed to support your clients with business loans during the Covid-19 outbreak and beyond.

What Does Pinnacle Do?

Pinnacle Business Finance is a commercial finance broker. Based in Bristol, Bath, and the South West. Our team of dedicated financial experts have spent the last couple of years building strong connections. With loads of different funding options, including a huge range of commercial lenders. This includes high street banks, along with a wealth of alternative lenders all have unique finance offerings.

Having these financiers on our panel enables us to take your client’s requirements, search through our database of lenders, and come back with a collection of business loan options which will all offer something slightly different.

You can then work with your client to determine the best choice for their funding needs. Whilst relying on Pinnacle to offer support, inform, and provide an agnostic view on securing commercial finance.

Why Choose Pinnacle For Your Clients?

With many lenders and finance brokers closing their doors during this difficult time, having an option you can rely on to serve your clients effectively is crucial. Pinnacle has worked extensively to keep supplying clients with finance options. This means a business loan could be your best choice, but this is just the start of what we have to offer.

  • The most Relevant Business Loan: While we offer support to our clients, we also understand that choice is essential when you’re taking on a product like a business loan. For this reason, we give all of our clients a range of relevant loans to choose from. Providing them with all the information they need to make a well-informed decision.
  • Providers Big & Small: Pinnacle has built strong connections with a range of business loan providers, including both the largest and smallest lenders on the market. Not only does this give your clients more choice, but it can also give you access to finance offerings that traditionally weren’t available.
  • Always Open: Uncertainty can be a killer in the field of accounting, and it always pays to know who you can rely on. That’s why we partner with trusted accountants around the South West to support their clients and provide an additional service.
  • Personal Support: We don’t use complex algorithms or special formulas to make our recommendations; we use human expertise and personal support to ensure that we offer the best business loans for each of our clients. You’ll never be given a generic suggestion by Pinnacle.

Times are tough, and many companies are finding it hard to keep themselves afloat. Accountants have a difficult job to support, advise and guide clients through to make sure they have overall success. Pinnacle Business Finance is always here to help you. We’re proud to be offering business loans that can provide an alternative to the government funding on offer.

Coronavirus business loan

How Can Pinnacle and The Government Support During Covid-19?

Government Business Loans

It’s no secret that the world is in a tricky position right now. Businesses across the globe are having to close their doors in the wake of Covid-19. Many are finding themselves without the support they need to continue operating. The economy is going to take a hit from this outbreak, especially seasonal industries, construction, and retail.

The government is currently taking unprecedented action to be able to solve this problem. Of course, due to the nature of this issue, it’s not possible for the government to provide every bit of support to businesses on an automated basis. Instead, for some of the financial support on offer, you need to go out and manually apply.

The Support On Offer

As mentioned above, the government has done an excellent job of offering assistants to companies during the lockdown. Some of this comes to you automatically, and these are the first entries on the list below. For loans, grants, and employee wage support, you will need to go out of your way to get help, and this is where Pinnacle Business Finance comes in.

Deferred VAT & Self-Assessment Payments

VAT payments can end up being massive when you’re not prepared for them. The government recognizes that many companies simply haven’t had time to prepare for Covid-19. For this reason, those that are due to pay VAT between 20 March 2020 and 30 June 2020 have the option to have this payment deferred to a later date. You need to contact HMRC to take advantage of this.

Self-assessment payments can also be deferred until January 2021, although you will have to continue your regular payments during 2020. Similar to VAT, you can talk to HMRC to receive support on this.

Statutory Sick Pay Relief

While Covid-19 is unprecedented, companies still need to be prepared to honor the contracts they have with their employees. To help with this, the government is offering up to 2 weeks of statutory sick pay relief. This is for businesses with less than 250 employees. Furthermore, new regulations are being introduced to cover employees being paid SSP from day 1 instead of day 4 with it being retrospectively applied from the 13th of March 2020.

12-Month Business Rate Holiday

The business rates which shops and other public-facing businesses have to pay can be astronomical. To support companies to get through this challenging time, a 12-month business rate holiday has been put into place. This to make sure that companies aren’t overwhelmed by the costs. You don’t need to do anything to get support like this, but your local authorities may have to send you a new bill to reflect these changes.

Grant Funding Up To £25k

Retail, leisure, and hospitality businesses, the government is offering grant funding of up to £25k during the Covid-19 outbreak. This is to cover a variety of different things. You need to apply for the scheme through your local authority. Your business needs to have a rateable value of £51k or less to be able to receive this sort of funding.

For businesses that don’t pay business rates, a one-time grant of £10k may be available. You can access this in the same way as the £25k grant, and it should be a smooth process as long as your accounting is up to date. If you need a recommendation on an accountant, give Pinnacle a call and we have trusted accountants who we work with.

Coronavirus Business Interruption Loan Scheme- Business Loan

The Coronavirus Business Interruption Loan Scheme has been designed to apply to as many different businesses as possible, whether they’re big, small, or somewhere in the middle. The scheme prominently supports SMEs with access to loans up to £5 million over 6 years.

The government is also able to make payments towards interest and loan set up fees for the first 12 months. This ensures that smaller businesses won’t struggle with the initial outlay cost of setting up the commercial loan.

Here at Pinnacle, we’re already working with the 40 accredited lenders the government has chosen for this scheme. This means that we can give you the support you need as soon as possible. Whilst making it much easier to get started with the process. If you don’t qualify for the commercial loan don’t panic! We have a range of alternative lenders who can support.

Coronavirus Job Retention Scheme

The Coronavirus Job Retention Scheme is the most popular and well-known part of this package. This is designed to avoid the fallout of millions of people losing their jobs at the same time. Giving employers the methods to pay their employees even if they are unable to keep their doors open.

Furlough will cover up to 80% of someone’s pay, but this stops once it reaches £2.5k per month. Along with this, the scheme will also cover national insurance payments and pension contributions, ensuring that people don’t fall behind in these areas.

Coronavirus Job Retention Scheme or Furlough is open to all employers which started a PAYE payroll scheme as late as February 28th, 2020. It has to be the employer applying for it, rather than the employee themselves.


How Can Pinnacle Business Finance Help?

Pinnacle is a well-placed finance broker in Bristol, that provides access to commercial finance across the UK at this challenging time. We’ve moved our team to work from home, but productivity is still strong, and we’re working as hard as we can to help companies across the South West to keep themselves afloat.

We can secure grants and loans being offered by the government and are happy to take all of the work which will come with this off of your shoulders. That’s one of our many jobs as a commercial finance broker. You tell our funding specialists what you need, and we go out and secure the commercial finance for you.

Alongside helping businesses to get the grants and loans they need, we can also support you through the other schemes being offered by the government at the moment. This can be as little as having a phone call to discuss your options. To assessing larger projects such as cash-flow forecasting through these challenging times. You can use the form below to get in contact or give us a call on 0117 2510048 to chat with our dedicated team.


Invoice Finance Coin

Tomorrow’s Pay, Today: Leveraging The Power Of Invoice Finance

Businesses which invoice once they have completed work for clients and have to wait 30, 60, even 90 days to get paid. Often they run into cash-flow issues. You can’t charge your customers until you’ve done the work for them. But you need to buy resources, pay wages, tools, and materials to complete their job. This often leaves business owners spending money from their own pockets and a shortfall in cash-flow. 

Invoice finance can solve this problem for you. But how exactly does it work?

What Is Invoice Finance?

It can be thought of as a type of loan which revolves around the invoices you issue. The amount of money you’re able to borrow is typically based on the amount of money you have in outstanding invoices. Typically 80%-90% of all the outstanding invoices you have can be released as an upfront payment. An example would be if you have £100,000 of outstanding invoices you are owed then up to £90,000 can be paid to you as an upfront payment!

Using a method like this is a great way to ensure that you get hold of your required finance nice and quickly. Your lender will be using your invoices to vet, rather than focusing on all of your financial performance. There are many different types of facilities available. Pinnacle will tailor the one to fit your requirements.

Who Needs Invoice Finance?

There are many sectors of businesses that can benefit from a tool like invoice finance. Construction companies, domiciliary healthcare, haulage, recruitment, and a host of other industries use invoice finance companies. If you find yourself needing to cover the costs of the projects. You require finance to cover other parts of your business, invoice finance is always an excellent choice. It can really transform a business’s cash-flow and allow turnover to grow. Take on larger projects and scale-up.

Why Choose Invoice Finance?

Invoice finance companies offer a range of benefits to small and medium-sized businesses through to corporations. These loans are very secure and give you the financial backing you need to boost cash-flow and grow your business. The facility can be tailored to fit the business and reduce administration. It is very hard for invoice finance to snowball or become unmanageable. You won’t be allowed to borrow more than you can get back in invoices.

How Can Pinnacle Business Finance Help?

Here at Pinnacle Business Finance, we have a wealth of experience when it comes to managing an invoice finance facility. We’ve worked with countless businesses to ensure that they secure the correct type of commercial finance to enhance their business. We have found this type of loan to be one of the most popular.

Our dedicated team is always happy to offer support and guidance about our invoice finance services. We also offer business loans, merchant card terminals, asset finance, and a range of other financial products that can be used to give your business the financial backing it needs. If you’d like to know more of how this could potentially work for you then get in contact on 0117 2510048 or email info@pinnaclebusinessfinance.co.uk.


South West Care

Improving Your Care Support Career In the South West

There are few things more crucial to a family than being able to look after one another. The old look after the young, and the young look after the old, but things have started to change in recent times. More couples are sharing the weight of parenthood than ever before. Both sides of a household being more likely to work, especially in the South West. While this enables people to live fulfilling lives, providing a good upbringing for their children, it can also limit the time people have to look after their older relatives.

Care facilities used to be able to bear this burden, but the number of 85-year-olds in need of care expected to increase to about 2.7 million by 2040. Plenty of younger people also requiring this support, the strain on these services is too much for them to cope with. In many cases, this strain is placed directly on the shoulders of the people on the frontline. Care workers are regularly subjected to unfair overtime rules, zero-hour contracts, and little in the way of career progression.

This is something you can overcome with your own career, and Pinnacle Business Finance is here to help you. While this is mostly geared towards those in the South West, it can also apply to other regions. First, though, let’s take a look at the cause of these problems.

The Problem With Care In The South West

Anyone who has had the pay the price of care will tell you, this sort of service doesn’t come cheap. Those who can’t afford to pay for their own care will often get help from their local council. Although if you are unlucky enough to have a home or savings when you go into care, this could be taken to cover the costs. This is thanks to strict budgeting constraints that have been placed on this sector. Councils only being able to afford to pay for care for those in the greatest need.

While some people are paying for the care they receive, this money barely covers the costs of a care home. This means that these places are usually understaffed, with the gaps being filled by agency workers on zero-hour contracts. Training is also an area in which a lot of care homes and other support facilities struggle. Of course, though, with some county and district councils being threatened with bankruptcy, it’s hard to see how this is going to improve. Instead, more and more of the care homes which used to be government-owned are being placed under private possession.

When a place like this is privatised, it will usually still receive money from the government. The shareholders which own the business will want to save some profit out of this. The management of the company will also receive bonuses. Between 2017 and 2018, the Department of Health and Social Care had a budget of £125.15 billion. Just £15.32 billion of this being saved for things not under the NHS banner. This may sound like a lot, but it is a tiny amount considering that it has to cover so many areas.

So, in short, the government can’t afford to provide the care people desperately need, but they also can’t be seen not to be giving it. This means that the weight of the short budgets will always fall onto the shoulders of hard-working carers. Whether you work for an agency or directly under a care facility, you’ve probably felt the cuts in recent times, but we’re here to offer a solution.

Using Domiciliary Care

There is a huge demand for private care at the moment. Depending on the area, some of those in need have to wait for months or even years before they can access the care they need. Around 15% of people aged between 65 – 69 find at least one daily activity difficult. This is a huge demographic on its own, and this is before you consider the other age groups which need daily support.

By working as a self-employed domiciliary care worker in the South West, you can bring the care people to need straight to their door. This can make their life a lot more comfortable, whether they have decades left in them or are at the end of their life, and you can make a very good career in the process. There are several different types of domiciliary care;-

  • Live-in Carers: Live-in carers will stay in the home of their service user. Usually spending one week at work, followed by a week off. This cycle will continue with two or three carers and is only for those who need the most stringent support.
  • Daytime Carers: Daytime carers will stay in the home of their service user during the daytime. Providing them with the company, personal care, and making sure that they are safe and sound. This sort of role will follow hours similar to a normal job.
  • Short Visit Carers: Some people only need help with a few things each day, and many people like to limit the care they receive as much as possible. Performing short visits can enable you to have more service users, making your job more secure.

You don’t have to restrict yourself to one of these areas. You can do all of them at different times if you like. Each of these options offers a good hourly rate. Working for yourself will give you some freedom to request a higher wage than you’d get working for a big company. You won’t have to deal with the overheads of a big business. This enables you to get paid more without having to overcharge the vulnerable people you work with. Alongside this, you will also gain the benefits which come with working for yourself. Rather than a company trying to make a profit from you.

How Can Pinnacle Business Finance In The South West Help?

As a financial broker working with businesses of all types. Pinnacle Business Finance is well-placed in the South West to support you on your journey towards starting your own domiciliary care business. Our expert team can help you to get started with your business. Whilst also helping you with the financial side of things.

A business loan will give you the chance to get set up. Potentially with a professional website, some business cards, and all of the equipment you will need. Invoice finance will make it easier to cover the recurring costs of things like wages. Growing a business always requires some investment. We understand that this can be difficult to muster when you’ve been working in the care industry. No matter your circumstances, we will always do as much as we can to support you. We encourage anyone thinking of a career change like this to get in contact using the details found on our website.


Digital Dining: Using Technology To Drive Your Bristol Restaurant Or Bar

Restaurants and Bars in Bristol

There are hundreds of restaurants and bars in Bristol. This type of business is extremely popular, and you’ll find a huge variety of different cuisines on offer. From greasy kebabs to gourmet feasts, Bristol has something for everyone, but this doesn’t mean that it’s easy to run a business like this.

Owners of bars and restaurants have to work extremely hard to make sure that they can keep on top of their work. Technology can make this job a lot easier, but you have to take the right steps to take advantage of it. Here at Pinnacle Business Finance, we can help you with many of these stages, and we’re going to explore these and more in this article.

Taking Orders

Customers are becoming increasingly serious about the time it takes for them to get their food when they eat out, and restaurants and bars have to bend over backwards to meet their expectations. In a world where online reviews are so crucial to a company’s success, this is something you have to take very seriously.

You can use a variety of different methods to serve your customers digitally. Some companies will choose to send their team around with tablets, while others will use their own smartphone apps to take orders. Of course, this can be a lot of investment for a small business, and we’re happy to help you to find a business loan that will enable you to start using tools like this.

Taking Payments

Taking payments is a huge part of any restaurant or bar business, and it can be all too easy to make mistakes when you’ve got a long queue of customers in front of you. Having to lose money or muck customers around simply isn’t an option, and this means that you need a fast and accurate way to collect your payments.

We’ve worked with many businesses in the restaurant and bar sector in Bristol, helping them to set up their own high-tech card machines. Along with giving you access to a merchant cash advance, this can solve your payment problems, giving customers a huge range of payment options, and making life easier for your team.

Managing Your Team

Managing a busy team can be a big challenge for a lot of small businesses. Not only do you have to make sure that everyone is paid on time, but you also have to keep track of holidays, sickness, and any other issues which could keep your employees from getting to work.

In recent years, online services have been making this sort of task much simpler. Examples like Octopus HR can give you all of the features you need to get started with managing your Bristol-based team, taking much of the work out of this crucial job. Of course, though, it’s always worth shopping around to find the very best options for your business.


Technology can do a huge amount for a business in the restaurant and bar sector. Our team of financial experts has had the opportunity to work with countless businesses in Bristol, Bath, and the South West, and investing in technology like this has proven to be successful for many of them. We’re always eager to chat and help you out, and we encourage anyone who is unsure about their business finances to get in touch.