Posts Tagged: SMEs

P2P Lenders Retreat from Unsecured Market

The UK’s alternative finance industry is experiencing a period of retrenchment as major players pull back from unsecured lending. While some analysts see this as a positive step to lenders focusing in on their specialist or niche sectors, this doesn’t help the UK’s 5.7 million small businesses, many of whom have no other option than…

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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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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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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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A Short Guide to Alternative Finance

The growing popularity and availability of ‘alternative finance’ has been one of the big business stories of the last five years or so. The expansion of the Alternative Finance universe isn’t surprising. The great financial crisis swept away many of the comfortable ‘certainties’ of the funding marketplace. Prior to the meltdown in the global banking…

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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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