Sources of Finance, Open Banking in Action and Filing Accounts Late – BFB Epsd 203

To open the latest Business Finance Bulletin, we review the recently released Small Business Finance Markets report. Issued annually by the British Business Bank the report shares the bank’s findings on small business owner’s attitudes and experiences when it comes to raising finance. The statistics reveal one startling fact about how businesses view the act of borrowing money for growth.

2018 is the year when Open Banking kicked off. Still in its infancy, the majority of people are unaware what it is and how it will dramatically affect the way we interact with banks. Two early adopters have announced a partnership to streamline personal borrowing applications.

To close the Bulletin, we look at the negative impact late filing of Annual Accounts can have on a Company’s credit rating and your ability to raise 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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