Can My Company Afford a Business Loan?

Can My Company Afford a Business Loan?

When a company is looking for finance to power growth, the main question that they have to ask themselves is ‘can they afford this business loan?’ Debt Service Coverage Ratio For an individual or business to understand if and how much they can borrow, they have to first work out what they can afford to repay. Use the figures from your bookkeeping Kent to work out your finances. By calculating their debt service coverage ratio, they will be able to find out how much cash is available to pay back…

Budget Properly For Your Renovation

Budget Properly For Your Renovation

Saving to renovate your home is a challenging and exciting time, but when it comes to budgeting it can be difficult to know the amount of money needed for each task unless you have experience. It is important to have a budget before beginning the renovation however, to make sure you have enough to cover the costs of everything you want doing. Here are some tips on how to budget properly for your renovation: Paint If your house needs a fresh lick of paint, then budget around £20 an hour…