Posts Tagged: SME lending

Startups and Small Businesses Drive Growth in Alternative Finance

The Cambridge Centre for Alternative Finance (CCAF) has published new data which shows the UK’s alternative finance market grew by 43 percent in 2016, and researchers are pointing to startups and small businesses as the key driver for that expansion.   Last year, £4.6 billion was raised through alternative channels, up from £3.2 billion in…

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SMEs’ Search for the Fastest Route to Finance

SME’s Are Losing Out Leaving Cash in the Bank Small businesses are benefiting from an increase in bank approval rates, according to research from BiZ2Credit. It reports that 25 per cent of SME loan applications at large banks were approved in October.   This is an improvement from the dismal post-recession statistics when the large banks…

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Beyond Peer to Peer Lending – Why Opt For a Private Debt Platform?

‘Peer-to-peer lending’. These days it’s a term that is familiar to just about everyone with an interest in SME finance. Widely covered in the press and now broadly recognised by brokers and advisers as an option that should be considered when businesses need to borrow, Peer-to-Peer debt solutions are, arguably, no longer ‘alternative’ but part…

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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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More Businesses Are Turning To Alternative Finance

New research from payments provider Worldpay, shows that more small businesses are turning to alternative finance options, including peer-to-peer lending, to support their growth plans.   Almost 40 per cent of business owners claim the growth in alternative finance has made them less reliant on traditional sources of finance for funding, however, the number of…

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Wealth Managers Will Fill “Financing Gap” With P2P

The asset management sector is set to dramatically increase its involvement in peer-to-peer (P2P) lending, according to a new report from PwC.     The report, titled ‘Asset & Wealth Management Revolution: Embracing Exponential Change’, says asset and wealth managers will need to seek investment opportunities in niche areas such as P2P if they are…

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The Growth of P2P Lending: Is It Sustainable?

The peer-to-peer (P2P) lending sector is still making headlines with its explosive growth rate. According to data gathered by AltFi lending volumes through P2P platforms achieved a staggering compounded annual growth rate of 110 per cent between 2011 and 2016 and 2017 looks like more of the same. The popularity of the sector has been…

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Loan Rejections Cost SMEs £4bn Per Year

The British Business Bank (BBB) says businesses are being prevented from reaching their full potential because of the big bank’s continued refusal to fund small businesses. The high street banks favour lending to larger businesses with a track record of profitability.   Thousands of small businesses are refused loans and the BBB estimates the figure…

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The Explosive Growth of Private Credit to Continue

  Private credit is now a globally established source of mainstream finance and according to a new report, Financing the Economy, is set to reach more than $1 trillion in market size by 2020.   The report is the latest study of the alternative credit  – or private debt as it is also known –…

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