Posts Tagged: alternative business finance

Alternative Finance Continues Its Steady March to Mainstream

  P2P (peer-to-peer) lender Zopa has announced it will partner with Saffron Building Society effectively allowing customers to apply for its loans via the Society’s 11 brick-and-mortar branches.    The new tie-up will enable borrowers to apply for a P2P loan at any of Saffron Building Society’s 11 branches across Hertfordshire, Essex and Suffolk and via Saffron’s…

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Industry Spotlight Shines on Commercial Bridging Market

  As the residential bridging market becomes increasingly competitive, more and more lenders are showing interest in commercial bridging and commentators are predicting a wave of new entrants into the sector.   Recent changes in the tax regime for landlords of residential buy-to-let properties means that more investors are switching into commercial property. This peak…

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The Alternative Lending Landscape Sees New Entrants

The investment banking giant Goldman Sachs is considering launching a consumer lending arm in the UK, which will compete with the likes of Zopa and RateSetter.   The US bank is reportedly looking to expand its retail banking business in the UK, initially with savings accounts and potentially moving into lending with the roll out of…

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Peer-To-Peer Lending Is in Good Health

The peer-to-peer (P2P) lending sector is seeing more and more money finding its way into the industry and according to AltFi’s David Stevenson “Overall the sector is in good health.”   Across the pond, the US marketplace lending space also appears to have emerged from its year-long malaise. With the industry leading platform Prosper, announcing significant…

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In the Mainstream – Alternative Finance’s Strong Presence at the NACFB Expo

This year’s National Association of Commercial Finance Brokers (NACFB) Expo was a hugely successful event. Staged at the NEC Birmingham in late June, the Expo attracted brokers from across the UK, all of them keen to connect with finance providers, network with their peers and participate in discussions about developments in the industry.   Of…

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A Shift in the Small Business Lending Landscape

  Speculation is ripe in the lending industry that Goldman Sachs may be entering the small and medium sized enterprise (SME) lending market. Last October, when the age old investment bank, launched its online lender Marcus, a fixed-rate personal loans program, it hinted at potentially pursuing the regular retail market.     In July, Goldman…

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British Business Bank Reports Significant Expansion

The British Business Bank (BBB) has revealed its latest annual report and accounts and is celebrating a third consecutive year of steady returns. Overall, the Bank reported an operating profit of £49.8 million for 2016/17, with a total of £9.2 billion provided across all its small and medium sized enterprise (SME) projects. The bank says…

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Peer-to-peer lending surpasses the £10 billion milestone

According to Orca Money, the independent data, research, and analysis provider of peer-to-peer (P2P) lending market data, the P2P lending industry has now surpassed £10 billion of lending.   The world’s first P2P platform, Zopa, launched in 2005 and since then the industry has grown to over 23 P2P platforms in the UK alone. According to…

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