Pension-led funding - Blog

Has Coronavirus made you think about becoming a business owner? Let’s take a look at the things you should consider before taking the plunge.

It’s very sad, but pretty much every day we hear of more businesses failing and consequently more people losing their jobs and facing redundancy. If the predictions of a second spike are correct, that, together with the phasing out of the Coronavirus Job Retention Scheme, will push the jobless numbers to levels not seen since the great depression, or even worse.For many, and particularly the older section of the workforce, finding new jobs in s...

9 things you need to know about Pension-led business funding and buying a franchise

Despite the challenging conditions in the economy, starting and running a business remains an ambition for millions of people.One of the best ways to achieve this dream is to buy into a franchise system, where the work of establishing the effectiveness of the business plan has already been done.For both franchisors and franchisees, there is a continuous need to maintain working capital, market the existing business or even expand it, while retain...

Client Ecco Gelato featured in Business Insider

Over-55s are living longer, more active lives. In business, this is translating into more people at the end of their career who can’t resist the draw of new ventures.Business Insider South West featured Andrew and Philippa Tarling in their recent article focusing on the new wave of older entrepreneurs, affectionately known as "silverpreneurs".To read the article in full click here....

A broker’s journey – Nic Franklin, Franklin Commercial Finance Ltd. (Synergy)

“It was a doddle"This is how Nic Franklin, described his experience of brokering a deal for his client utilising Pension-led funding. The client's situation:The client came to Nic looking for a £650k development loan to build commercial premises on a site they had already purchased using their own cash via their development company, GDV £1.1m. They had secured a 15-year pre-let to the Coop & the intention was to sell the investme...

Would you dip into your pension pot to start a business?

This was the question that was asked in a recent "This is Money" feature.The article focused on Pension-led funding, and how we are supporting entrepreneurs over 50 to fund SMEs. Recent data from the Office for National Statistics showed that so-called olderpreneurs have set up more businesses than any other age demographic in the last decade.Entrepreneurs over 50 have risen by more than 700,000 from 1.47 million in September 2008 to almos...