Industry News

What Does the Future Hold for Alternative SME Finance?

In the last decade alternative finance has emerged to threaten the traditional banking system and the lending industry. Contemporary players have created new dynamics of competition, regulation and technology. According to Morgan Stanley the global loan origination market, could be worth almost half a trillion dollars globally by 2020 and most industry professionals agree that this…

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Will Growing Consumer Credit Be the Reason for a Rate Hike?

Rising household debt and consumer credit will be a key issue for the Bank of England’s Monetary Policy Committee as it decides whether to hike interest rates. Speaking at the London School of Economics this week, Mark Carney, said consumer credit rose at its fastest rate since 2005, climbing more than 10 per cent. The…

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Business Confidence Strong as Concerns About Finance Recede

Nearly three quarters of UK businesses are optimistic about their prospects for the year ahead as concerns over access to finance continue to recede, according to new research by credit checking platform, Companycheck.co.uk.   Based on responses from more than 1,000 businesses – ranging from sole traders up to mid-size companies – the Companycheck survey…

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Entrepreneurs Unaware of Alternative Finance

Banks and personal savings are the most popular funding sources for entrepreneurially-minded Britons while awareness of alternative finance solutions remains relatively low, according to UK hybrid crowdfunding company, Crowdfinders.co.uk.   In a survey of 2,000 UK adults, Crowdfinders found that 35% would turn to personal savings to support the launch of a new business venture,…

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2017 is predicted to be record year for SME borrowing

Consumer spending is at a record high, low-interest rates are fuelling consumer and business spending which is making SMEs confident for the year ahead. Could this overflowing optimism result in unprecedented levels of borrowing in 2017?   According to new results from the latest Zurich SME Risk Index, SME borrowing is set to soar above…

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Growing Appetite for Equity Finance Amongst UK SMEs

Pound coin stacks – Growing Appetite for Equity Finance Amongst UK SMEs

A new report from Albion Ventures has found that UK SMEs are becoming increasingly attracted to long-term equity finance. In 2013, just 12% of small and medium-sized businesses in the country were willing to give up equity in exchange for financial support. But, according to the latest figures, that figure has now grown to 44%,…

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Asset Based Lending Reaches Record High in UK

pound coins – Asset Based Lending Reaches Record High in UK

Figures released by the Asset Based Finance Association (ABFA) reveal that the amount of finance made available to UK businesses through asset based lending leapt to a record high of £4.3 billion in Q3, up 22% over the same period last year. Asset based lending allows businesses to borrow against assets – including property, intellectual…

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FCA Seeks to Toughen Lending Rules in P2P Market

§ – FCA Seeks to Toughen Lending Rules in P2P Market

The UK’s Financial Conduct Authority (FCA) is proposing tougher rules on transparency and disclosure for P2P lending platforms, following a six-month review into the burgeoning industry. In July, the FCA made the announcement that it would be probing the multi-billion-pound alternative finance industry for the second time in two years, amid concerns that investors were…

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