Posts Tagged: SME lending

P2P Is Here to Stay Says British Business Bank

The head of the British Business Bank (BBB) has said that the small- and medium-sized enterprise (SME) finance market is now realising the benefits of the additional choice of lenders, such peer-to-peer (P2P) and other alternative finance providers.   Keith Morgan, chief executive of the state-backed institution, said the alternative finance industry is “starting to…

Read More

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…

Read More

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…

Read More

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…

Read More

Alternative Finance Terminology (Part 3) – M-R

  “I made my money the old-fashioned way. I was very nice to a wealthy relative right before he died.” – Malcolm Forbes In Part 1 and Part 2 of this series, we’ve been doing our little bit to demystify the world of obscure phrases, weird juxtapositions, and otherwise meaningless acronyms that make up the…

Read More

50,000 SMEs fold waiting for supplier payments

The UK’s poor supply chain practices put SMEs out of business says a new report from the FSB. The report, ‘Time to Act: The economic impact of poor payment practice, says British SMEs are owed a massive £67.4 billion in unpaid invoices and these late payment practices force an estimated 50,000 firms out of business each year.…

Read More

Challenger Banks Are Reinventing the Banking Landscape

Challenger banks are breaking the hold that the big five banks (HSBC, Barclays, Lloyds Banking Group, Royal Bank of Scotland and Santander) have over the industry.  Not only are they changing the banking landscape but they are redefining the way we manage our finances with innovative products and fully digitalized services. Last summer KPMG issued…

Read More

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…

Read More