Posts Tagged: SME

“Advice Gap” Emerges as SMEs Struggle to Secure Finance

£20 notes – “Advice Gap” Emerges as SMEs Struggle to Secure Finance

New research from Close Brothers Group has revealed that less than one fifth (19%) of UK small business owners feel that the financial advice they receive from their banks meets their needs. The report, which took into account the responses from more than 1,000 SME owners about the changing needs they face as their businesses…

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Alternative Finance Terminology A-Z – Part 1 (A-F)

Wooden cube letters – Alternative Finance Terminology A-Z – Part 1 (A-F)

“A bank is a place that will lend you money if you can prove that you don’t need it.” – Bob Hope There is a rather alarming paradox at play in many industries and professions the world over, and it’s this: rather than using their intelligence, the professional world is full of people who instead…

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70% UK SMEs Confident about Access to Finance Despite Brexit

Pile of pound coins – 70% UK SMEs Confident about Access to Finance Despite Brexit

Recent findings from a Close Brothers Business Barometer report reveal that over two thirds (70%) of SME owners in the UK have no fears about their access to finance following Brexit. Only in the Greater London area did businesses feel that the UK’s decision to leave the EU would affect their chances of acquiring funds…

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Debt Financing Vs. Equity Financing – The Pros and The Cons

one way/another way sign post – Debt Financing Vs. Equity Financing – The Pros and The Cons

Let’s begin by stating a simple truth – businesses need finance to grow. In an ideal world, this finance would be taken from the business’s very own booming profits, and growth would be self-perpetuated forever more. Unfortunately, however, this is the real world that we find ourselves in, and the real business world at that,…

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How to Reduce Small Business Debt

debt unchained - How to reduce small business debt

The joy of being an entrepreneur is all-engrossing. The journey is tough, the road paved with enemies and obstacles, but ultimately the rewards are plentiful. Or are they? Quitting your day job to pursue a dream – or perhaps a dream income – takes its toll emotionally and energetically. You have a solid business plan,…

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SMEs Increasingly Turning to Invoice Financing

Handshake, invoice – SMEs Increasingly Turning to Invoice Financing

New figures from the Asset Based Finance Association (ABFA) have revealed that UK businesses have raised £20.3 billion in invoice financing in 2016, breaking the record for this line of funding. This marks a 5% rise from the previous record of £19.3 billion which was measured during 2015. If we go further back, we can…

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£5 Million A Day Cut From SME Overdrafts

SMEs are losing their overdrafts from banks at a devastating rate as Britain’s cash-flow crisis continues. According to a survey of 250 business owners, a total of 30% of UK SMEs have reported imposed reductions to their overdrafts over the last two years, with 17% having lost them altogether. Separate Bank Of England data reveals…

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