Current data, analysed by 365 Business Finance, shows that barbers, beauty salons, vape stores, cafes and tearooms, along with restaurants and bars have been the fastest growing retail sectors in the UK over the past three years.
Liquidation is a process through which a business is closed, with its remaining assets distributed to creditors and shareholders.
Bootstrapping is the process of starting and growing a business using a combination of savings and cash flow.
Debt financing is a method of raising capital in which a company sells certain debt instruments to investors. In exchange for money, the company repays both the principal (the total amount of money that’s borrowed by the company) and interest on the debt.
Collateral is a pledge of a specific asset made by a borrower to their lender. In order to borrow money, the borrower might need to pledge a specific piece of real estate, equipment or another asset to the lender as protection. This asset is referred to as collateral.
In order to operate, businesses need to be able to meet both their short-term and long-term financial obligations. Solvency is the ability of a business to meet its long-term expenses and operate without running out of money.