Keeping your costs down is one of the easiest ways to boost profits. Whether you’re a sole trader or run a huge company, use our easy comparison tools to see if you can save money across a range of business finance products.
Last updated: 2 May 2022
If you want to stay on top of your company’s bills, there are four areas of business finance worth regularly reviewing:
Accessing the funds you need to grow, manage your cash flow or invest in new ventures can make a big difference to the success of your business.
It’s essential to choose the right product and shop around to find the cheapest option. You can use our business comparison tools to look for:
We also help you compare specialist business finance areas like:
Bad credit business loans: ideal if your business has a poor credit history
Invoice finance: lets you borrow money against outstanding business invoices
Revolving credit facilities: flexibility to only borrow what you need
Merchant cash advances: enables you borrow against your future businesses card takings
Asset finance: designed to purchase items like machinery and office equipment
Your business bank account sits at the centre of your finances, so it’s vital to check that you’ve still got the best account as your business grows.
If you’re looking for a return on business cash reserves you can compare savings rates here.
Getting the right insurance for your business is crucial. Two policies are required by law under certain conditions:
Employers’ liability insurance is mandatory if you employ anyone. It covers claims if they are hurt or die while working for you
Commercial vehicle insurance is a legal requirement if you use a vehicle for your business. You need third-party cover as a minimum, but comprehensive policies offer better protection
Business insurance can help fulfil your legal obligations, but it also helps protect you if something goes wrong. Look carefully at the cover that your business needs.
Comparing the best deals could help you save on things like:
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Utility costs represent some of the biggest outgoings for businesses, especially those with large premises.
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