As the Bank of England begins a 2-day policy meeting, data collected has shown a slump in the construction industry as lending to British small businesses experiences little or no growth. This drop in construction puts Britain at the brink of a recession, considering that it was the main reason for the economic slump of […]
Category: Loans
Banks are still failing SMEs according to new survey
The relationship between small corporations and banks has been the subject of a new survey which revealed that the majority of investors provide little support when businesses themselves find that they are in financial difficulty, especially if those firms fail or sought to restart in a different direction following such failure. This is what the […]
Edinburgh entrepreneur starts his own ‘Bank of Dave’ in Scotland
A new lender is about to be started by a local Edinburgh entrepreneur in order to emulate the Bank of Dave, something that proved popular in Burnley, Lancashire, and a project that this local real estate tycoon wants to replicate in order to help small businesses raise money for projects that they are working on […]
300,000 strong SMEs needed in the UK
New findings from the RSA commercial insurer suggest that SMEs are contributing about half to the Gross Added Value from the private sector to the British economy. The survey also predicts that over the next few years private enterprise will continue to grow faster than the rest of the British economy. However, in order for […]
New lending scheme to help SMEs about to be unveiled
A new peer-to-peer lender scheme that has been officially backed by Lord Rothschild is due to be unveiled soon as one of the top beneficiaries of the new Government lending scheme designed to help stimulate more lending opportunities for SMEs. Zopa, a web based lending company, will be given £10m as part of the public […]
Study reveals banks are the third choice for SME finance
A recent research conducted by the University of Surrey shows that banks are the third on the list of finance sources for SMEs. This supports the recent calls for a British business bank which will work with enterprises and provide them with the funding they need. The survey was authorised by Kingston Smith LLP, a […]
The loans market for SME’s
The small-business sector in the UK has been struggling recently because of the lack of loans available for them meaning they are unable to grow their businesses as quickly as would be possible if they were provided financing. Loans are often very useful for small companies as they allow them to employ new staff, and […]
Small businesses turned down for loans advised to appeal
The Forum of Private Business or FPB, has recently stated that if a small businesses been turned down for a loan that they should appeal the decision. They issued this statement in reaction to information that has recently been released by the British Bankers Association, which is shown that nearly 50 percent of small business […]
New players in the banking industry offer hope to SMEs
There is a reason that the banks in Britain have been subject to dozens of competition inquiries and repeated regulatory interventions over the past twenty decades, because in a market that has only a few key players it is hard for new entry level banking businesses to take off, allowing the established banks to get […]
More UK businesses than ever have negative credit ratings
The amount of UK companies that have a negative credit rating that may make it hard for them to obtain finance or any reasonable credit terms from their suppliers has continued to increase over the last three years, according to new research carried out by Graydon UK the credit risk management agency. The study took […]