Summary
There is an alternative source of finance that is available to business, and quite often this can be overlooked. It is presently possible for a business to borrow at a fixed rate of one per cent above bank base for five years.
This facility is available from a Small Self Administered Scheme (SSAS), a special type of pension fund tailored to an individual business. Unlike a Self Invest Personal Pension (SIPP), a SSAS can make loans to the business connected to its members, the sponsoring employer. Company directors can therefore use their own pension savings to support their company.See the full content of this document
Extract
Finance
A SSAS is able to lend 50 per cent of its net value. The ...
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