Posts Tagged: SME finance

Will the Regulator’s Stamp of Approval Boost the P2P Sector?

This month has seen a slew of authorisations granted by the Financial Conduct Authority (FCA), meaning that some of the bigger peer to peer (P2P) platforms, previously operating with only interim permissions have now become fully authorised. The newly authorised platforms include Funding Circle, ArchOver, and Linked Finance.   The approvals follow an arduous 18-month…

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The Bank Referral Scheme Has Made Zero Impact

  The alternative finance industry was given a boost last year when the UK Government mandated that loans applications rejected by high street lenders must be referred to alternative finance providers. The Bank Referral scheme has so far failed to make any impact and now, just months after the introduction of this finance match-making service,…

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More Companies Are Tuning in to Invoice Finance

  New research reveals that UK and Irish business are increasingly turning to invoice finance. Data compiled by the Asset Based Finance Association (ABFA), an industry trade body, shows that invoice finance has reached an all-time high of £22bn of finance advanced to businesses at the end of the fourth quarter of 2016. This is…

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Global P2P Market to Grow 52% Annually

The peer-to-peer (P2P) lending market was valued at $26,064 million in 2015 and is projected to reach $460,312 million by 2022, growing at a compound annual growth rate of 51.5 per cent from 2016 to 2022.   The growth prediction is from Research and Markets, who have announced the addition of a new title, Peer…

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Restrictions Lifted on Brokers Promoting P2P Finance

  The alternative finance industry has struggled to build awareness, understanding, and trust about its platforms and products among SMEs. Countless industry reports highlight the lack of information about peer-to-peer finance (P2P) among UK business owners.   However, a move earlier this week from The National Association of Commercial Finance Brokers (NACFB), might give the…

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Bank Lending to SMEs Contracts in 2017

  The latest statistics from the Bank of England reveal that lending to Britain’s 5.5 million private sector businesses by the largest UK banks fell by £536 million from December to January.   According to AltFi, this is by far the biggest retrenchment in SME lending in the past two years, and which is as…

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Regional Awareness of Alternative Finance Lacking

  Awareness of alternative finance, which includes peer-to-peer (P2P) finance products, among SMEs, is at its lowest in the Midlands and the north of England, the British Business Bank (BBB) has revealed.   The BBB said that fewer than 40 per cent of firms in the Midlands were aware of P2P lending, compared with almost 60…

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More Than Half of UK SMEs Struggle to Access Finance

57 per cent of the UK’s small and medium-sized enterprises (SMEs) struggle to obtain finance. This is according to research commissioned by financial services firm American Express. The study also reports that more companies than ever are turning to non-bank sources such as crowdsourcing and alternative lenders to gain access to growth capital. The research,…

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