Archive for the ‘Business Finance Bulletin’ Category

Why SMEs Won’t Borrow, Arbuthnot Latham Bank, and Business Optimism – BFB Epsd 183

Posted on: September 23rd, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Continuing our review of the findings from the latest SME Finance Monitor report, we look at what is holding small businesses back from borrowing. The survey revealed four reasons why businesses feel uncomfortable in taking on debt.

Whilst many businesses think that lenders are reluctant to support businesses, one bank is actively looking to assist growing business. Arbuthnot Latham Bank has recently opened an office in Bristol as an addition to their office in Exeter, to cover the South West and we take a peek at how they can help businesses with their commercial finance requirements.

Finally, we review the latest FSB Small Business Index survey which highlights that small businesses are feeling much less confident that they were a year ago. What is holding them back?

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Small Business Borrowing Appetite, Asset Finance and North West Business Growth Fund – BFB Epsd 182

Posted on: September 16th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Is appetite amongst small businesses to borrow money on the wane? According to the latest SME Finance Monitor Report this is the case. We take a look at how more business owners are opting out of taking on debt in favour of pursuing a ‘slow growth or no growth’ strategy.

On a more positive note, we share news from the Finance and Leasing Association that its members are reporting record volumes in financing plant and machinery, and business equipment. Asset Finance as a source of funding is continuing to win over small businesses.

To close the Bulletin, we look at a new fund launched by the British Business Bank. The North West Business Growth has been designed to assist growing businesses in the North West in accessing loan finance.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Late Payment, Small Business Borrowing and Watching Your Credit File – BFB Epsd 181

Posted on: September 8th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Late payment is a continual challenge for small businesses and a recent survey carried out by Zurich lays the blame at the door of the larger businesses. We share the findings of this latest research and what you can do to combat suffering from late payers.

With many people being uncertain about the current performance of the UK economy, one measure of confidence is the amount businesses are borrowing from the banks. I lift the lid on the latest Bank of England bank borrowing figures to see what businesses are up to.

To close this Bulletin, we share some recent experiences which highlight why you need to keep a close eye on your credit file. Lenders place a lot of emphasis on a clean report so it pays to keep your file in order.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Business Loan APRs, Businesses in Financial Distress, and Peer to Peer Lending Figures – BFB Epsd 180

Posted on: August 5th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

A year after a Competition and Markets Authority report on transparency in the finance services market, lenders to small businesses are now required to quote an APR on lower value loans. Will it help boost competition?

More evidence that businesses are beginning to feel the strain with the latest Red Flag Alert report from Begbies Traynor revealing a jump in businesses classified as being in ‘significant financial distress’.

One sector that is doing well is Peer to Peer lending. The figures on volume of lending done by members of the Peer to Peer Finance Association in Quarter 2 2017 show that businesses are continuing to take advantage of finance from this source.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Small Business Challenges, Finance Raising Feedback and Keyman Insurance Cover – BFB Epsd 179

Posted on: July 29th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Early signs are coming through that some small business owners are beginning to experience a downturn. To start this Bulletin, we review the latest survey from Bibby Financial Services as part of its regular SME Confidence Tracker series which sets out a number of challenges business owners say they are facing.

When it comes to raising finance how are businesses seeing the market place? This is the question posed by Hiscox Insurance when it spoke to 500 small business owners. The answers reveal that they are uncertain about where to look for finance outside of the main High Street banks.

Have you heard the term, Keyman Insurance? We take a look at why it’s important to protect key people in your business, so protecting you from any unforeseen events.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

British Business Bank SME Support, Funding Circle & Just Eat, and FSB Late Payment Help – BFB Epsd 178

Posted on: July 22nd, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

The British Business Bank, which was established to improve small business access to finance, has issued its latest Annual Report. In our latest Bulletin, we take a look at the progress the Bank has made over the last 12 months.

Alternative lenders are being increasingly quirky in how they tap into new markets to offer finance. We look at the news of a link-up between Funding Circle and takeaway app Just Eat which aims to boost takeaway owner’s access to finance.

The Federation of Small Businesses has always championed ways of tackling late payment and so it comes as no surprise that it has launched a service to help small businesses get paid on overdue invoices.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Export Finance, Access to Finance Review and Tackling Late Payment Progress – BFB Epsd 177

Posted on: July 15th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

With the government keen to boost exports, UK Export Finance has announced a new support initiative to help improve the flow of finance to exporters. To open the Bulletin, we look at how it will work and which other businesses will benefit.

Access to finance remains a hot topic. We share findings and suggestions from a new report, ‘Banking Small Businesses’, which it’s hoped will be picked up by government and banks to boost small business funding opportunities.

Whenever we feature the problems surrounding late payment, it’s rare that there is any good news. Whilst a recent survey undertaken by BACS, the payment service provider, has its fair share of gloomy statistics, there is at least one glimmer of hope in terms of reducing late payments.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Prompt Payment Code, Rise in Invoice Discounting & Tax Return Information – BFB Epsd 176

Posted on: July 8th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

The government is keen to be seen to be playing its part in tackling late payment and we start this Bulletin with an announcement that a large number of government’s key suppliers have signed up to the Prompt Payment Code.

With banks increasingly reluctant to hand out overdrafts, how are businesses managing cashflow? It seems the gap is being filled by businesses increasingly turning to invoice discounting. We look at the latest figures which confirm the switch to this alternative source of finance.

Lenders seem to want to see mountain of paperwork when they are reviewing your finance request. One request is sight of your Tax Returns but want exactly do they want? To close this episode, we go through the three pieces of information lenders want to see.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Hire Purchase Made Easy, Business Confidence and Saying ‘No’ to Contracts – BFB Epsd 175

Posted on: July 1st, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

A popular source of finance to fund the purchase items such as plant and machinery is Asset Finance but businesses are often put off by its perceived complexity. In this Bulletin, we look at a new streamlined Hire Purchase application process launched by Hitachi Capital designed to make the task easier.

We live in uncertain times and this is demonstrated by the mixed messages coming out on business confidence. We review two recent surveys which demonstrate that that some businesses are buoyant about where they are now and the future, but others less so.

Savvy business owners know when to say ‘no’ to a new contract. That’s the finding from a recent survey which reveal three key reasons why a business would refuse to take on a piece of work. Are you confident enough to turn away work if it could potentially damage your finances?

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Atom Bank Business Finance, The Goods Mortgage Bill and PayPal Working Capital Loan – BFB Epsd 174

Posted on: June 24th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Atom Bank is a relatively new, digital-only, challenger bank. In this edition of the Business Finance Bulletin we look at a £30m investment made by the British Business Bank, which Atom will be using to support small businesses.

The Queen’s Speech contained news that the government intends to introduce the Goods Mortgage Bill which will provide additional comfort to asset-based finance providers lending to sole traders and partnerships. The new Bill will help these trading entities better access services such as invoice discounting.

To close, we have another example of how small businesses are bypassing the traditional High Street lenders to obtain finance. We look at an announcement from PayPal that its Working Capital loan product has hit a new milestone in terms of money lent and the number of PayPal business customers which have successfully accessed finance.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

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