Business banking covers a wide area of topics; business cheque accounts, business deposit accounts, business fixed rate bonds, commercial loans and mortgages.... the list can go on and on. Unfortunately, as you will probably have guessed there's not one size that fits all.
Where one provider may offer you the best deposit account you may find that the terms offered on a business loans are worse than with another provider. To get the best deal you will have to shop around. Here's what you should consider;
-
What services will I need most from the bank?
What are the costs of these services, if any? -
How will my cashflow fluctuate?
Do I need an overdraft or will periodic longer term financing be better?
Funding Circle is a new way for small businesses to access low cost finance. Our online marketplace allows small businesses to borrow directly from people, sidestepping the banks and their margins in the process.
Watch the video to learn more.
Related info: Business banking | Business credit cards | Business overdraft | Small business banking | Business bank loans
Download our free guide
