Posts Tagged: SME finance

SMEs Still Hampered by Overdue Payments

New figures released from MarketInvoice show that 62 per cent of small and medium sized enterprise (SME) invoices were paid late in 2017. This evidence comes despite Government measures introduced earlier this year to try to change the UK’s late payment culture.   The scheme announced in January, by the Department for Business, Energy & Industrial…

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Entrepreneurs Want to Quit Due to Cashflow Concerns

A new survey from Barclaycard reveals that 11 per cent of business owners have considered giving up their business as a result of a challenging cashflow problem. These issues keep 63 per cent of entrepreneurs awake at night, with a third admitting that insufficient working capital has stunted their growth plans.   With combined turnover…

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Alternative Finance and Multiple Funding Round

The concept of multiple funding rounds is familiar to most business owners – and particularly to those entrepreneurs who are focused on steering their companies on a growth path that runs from ‘startup’ to ‘scale-up’. The classic funding escalator runs from seed funding –  which might be sourced from angels, VCs, an accelerator, a government…

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SME’s Are Losing out Leaving Cash in the Bank

Figures from a YouGov survey show small to medium-sized businesses (SMEs) are missing out on better interest rates by leaving their cash with the Big Four banks. According to the survey some of the UK’s ‘challenger’ banks are now offering rates of up to 1.20 per cent for short-term deposits, none of the high street…

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Small Businesses Spurn Loans For Cash Advances

  More and more lenders are offering small businesses cash advances, a product that offers increased flexibility than traditional loans because the repayments are linked to the business’s turnover.   Nucleus Commercial Finance, this week, became the latest lender to roll out a cash advance product and chief executive Chirag Shah, said it’s because “Fixed…

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Bank Lending Falls, Not Driven by Switch to Alternatives

Small businesses are borrowing less, which could threaten their future growth, the Federation of Small Businesses (FSB) has warned. A report last week showed that bank lending to non-financial businesses fell by £698 million in July and according to the FSB this drop is not driven by a switch to alternative lending.   The latest Voice…

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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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Universal Borrowing Price Comparison Gets Closer

  Last year the Competition & Markets Authority (CMA) issued a directive to small and medium-sized enterprises (SME) lenders to advertise their products with an annual percentage rate (APR) to show more clearly the cost of the borrowing. This proposal is to take effect from August and was mandated to allow clear comparison of products…

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This Is the Golden Age of Access to Finance

The Government is promoting alternative finance, but it is the responsibility of providers to reach out to borrowers and educate them on the new finance solutions available says Chirag Shah, CEO, of Nucleus Commercial Finance, in a recent interview with the Telegraph.   While this is the golden age of business having access to different…

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