News

April 17, 2012

ACCA offers small firms online finance tips

Small businesses can access free and independent financial advice online, following the launch of a new website by the Association of Chartered Certified Accountants (ACCA) and Barclays.

The website includes guidance on the different types of finance available to businesses — from overdrafts to invoice factoring — as well as how to choose the right option and tips on making successful loan applications. 

Small-business owners can also read examples of business plans and different cashflow models in order to equip themselves with the right information before applying to a lender. The website is available to all small firms, not just Barclays customers.

On launching the site, Barclays said that four out of five of its business loan applications were still being approved, similar to its rates before the recession, but small firms were often unsure about where to seek advice about applying for finance. 

“Barclays is very much open for business, but we believe more needs to be done to support businesses and restore confidence. Our partnership with ACCA is a step forward in achieving this,” said Sue Hayes, product and marketing director, Barclays Business and Personal Banking Solutions.