When the bank says no: Could SSAS funds be used instead?

Small self-administered schemes (SSAS) are the forgotten option for pension planning, often losing out to the more well-known but less flexible self-invested pension scheme (SIPP). With bank lending criteria for small businesses continuing to be stringent, a SSAS can often offer alternative sources of finance for those firms needing a cash injection to grow to their full potential. To demonstrate the features of a SSAS, let us look at the example of Maddison's Widgets & Gizmos, a manufacturing business, that following advice from its financial adviser, created a SSAS to consolidate th...