Posts Tagged ‘access to finance’

Business Borrowing Apathy, Business Confidence and Equity Finance – BFB 222

Posted on: July 7th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

We open our latest Bulletin with findings from a new survey undertaken by the British Chamber of Commerce which reveals that businesses continue to shun debt. Other than taking on finance to support day-to-day cashflow, the report highlights how businesses are becoming apathetic towards debt, particularly for medium to long-term investment.

The key reason for the unwillingness to seek new finance is a lack of confidence in the economy. This is borne out in the latest Lloyds Bank monthly Business Barometer report, which finds that business confidence levels plunged in May. What’s driving this?

Finally, we close on a positive note! New research from the British Business Bank finds the more businesses are accessing growth finance by selling equity. The annual Small Business Equity Tracker report reveals that 2017 saw a jump in both deal numbers and average deal size. Could you access equity to fund your growth plans?

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.

Angel Investors, Funding Circle’s Impact and Business Borrowing Appetite – BFB 220

Posted on: June 23rd, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Accessing finance via Angel investors is one source of growth finance. Who are these investors and what do they look for when taking a stake in a business? To open this Bulletin, we look at the latest annual Angel investor review undertaken by the British Business Bank and the UK Business Angels Association.

Since its inception in 2010 Funding Circle has supported thousands of small businesses via its business loan product. To understand the impact their support has had on the UK economy Funding Circle teamed up with Oxford Economics to carry out an in-depth study. The results show how access to finance can have a positive knock-on effect in the economy.

Despite the benefits of sensible borrowing the latest report from the SME Finance Monitor team reveals that demand for finance remains weak. The report highlights how the number of businesses declaring they have no intention of borrowing money has reached a new high.

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.

Finance Guidance Portal, Iwoca Business Loans and Asset Finance Usage – BFB 219

Posted on: June 16th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

When searching for finance many business owners don’t know where to start looking. To help bridge the information gap the British Business Bank has launched a finance knowledge website. We open our Bulletin by looking at how the portal can help guide business owners to the right source of finance.

Iwoca has been known as a short-term loan provider but they have now announced a new 5 year loan product designed to provide medium term finance to growing businesses. Could you make use of a cash injection?

In recent Bulletins we have mentioned that the first few months of this year saw a decline in the use of Asset Finance. To close this episode, we review the latest statistics from the Finance and Leasing Association which reveal an increase in Asset Finance deals to purchase business machinery, equipment and vehicles.

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 Impact, Business Borrowing Experience, and PayPal Working Capital Facility – BFB 214

Posted on: May 12th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

How does late payment affect small business owners? That’s a question posed by The Prompt Payment Directory in its annual late payment survey. The report reveals that many small business owners personally suffer when payments are delayed.

Findings from a new FSB study highlight that some small businesses still struggle when it comes to raising finance. What holds them back and are they deterred from applying for finance?

To close this Bulletin, we share news of how PayPal has become a rising star on the alternative finance scene. Over the last 12 months the PayPal Working Capital facility has supported an increasing number of businesses with much needed cash. We look at how the facility works and the cost.

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.

FSB Funding Platform, Zombie Businesses and Asset Finance Usage – BFB Epsd 197

Posted on: January 14th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Some businesses when looking for finance can get overwhelmed by the choices and process of applying for funding. If you are an FSB member, then help is at hand with the launch of the FSB Funding Platform which is designed to help its members efficiently search for finance.

Despite the prevailing uncertainty about consumer demand and the state of the economy, a report from R3, the business turnaround and insolvency specialists, reveals that the number of zombie businesses is in decline. What are zombie businesses and why are their numbers falling?

Asset Finance as a way of funding the purchase of equipment has seen a boom over recent years. However, the latest statistics from the Finance and Leasing Association show that use of Asset Finance is leveling off. We look at why that is.

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.

Use of Invoice Finance and Asset-Based Lending on the Increase

Posted on: December 21st, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , ,
Posted in Business Finance News

business finance 2The invoice finance and asset-based lending sector is providing an increasing share of finance to UK businesses according to latest data released by UK Finance, the trade body for the finance industry.

The amount of money raised via invoice finance (a method of unlocking cash tied up in invoices) and other asset-based finance such as leasing and HP, is up 13% year-on-year. The total amount outstanding sits at just over £22 billion, which is the highest advances figure ever.

There are just over 40,000 UK business now using this form of finance, although this number has remained relatively static.

With the government focused on driving up UK exports, the exporting picture is particularly strong, with sales from clients through export invoice discounting facilities up 33% year-to-date, and export factoring up 11%.

UK Finance wants to see the government do more to encourage smaller businesses access funding via these sources. They are calling on the government to bring forward long-awaited legislation to give more smaller firms access to much-needed funding.

Many small businesses find themselves trapped by o-called ‘ban on assignment’ clauses, which are sometimes imposed by larger businesses on their smaller suppliers. This can restrict the finance options available to those supplier businesses. To address this, the UK Government is expected to bring forward revised Business Contract Terms (Assignment of Receivables) Regulations in the New Year.

Zombie Businesses, Sourcing Alternative Finance and Finding Angel Investors – BFB Epsd 190

Posted on: November 11th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

A scary start to our latest Bulletin with a look at zombie businesses! According to a recent survey from Begbies Traynor, zombie businesses are on the rise. What are they and how can you avoid doing business with them?

Entrepreneurial age gaps often lead to different views in business and finance is no different. We look at findings from Worldpay which highlights the difference between younger and older generation entrepreneurs when it comes to sourcing and accessing alternative finance.

If you’re setting up a niche business or running a high-growth enterprise, equity is one popular avenue of funding. But how do you find Angel Investors for example? We share news of a service launched by the UK Business Angels Association designed to help businesses and investors find each other.

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.

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.

Managing Working Capital, Bank Referral Scheme & Business Confidence – BFB Epsd 167

Posted on: May 6th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

The one problem that comes along with growth is finding the right balance between having too much or too little cash tied up in working capital. In this Business Finance Bulletin, we look at a survey which reveals how much surplus working capital businesses are carrying.

The Bank Referral Scheme, which was launched late last year to help SME improve their access to finance, appears to have stumbled. We look at news that the government has instigated a review into why banks are not referring on enough clients who don’t meet their criteria.

To close the Bulletin we share findings that UK business confidence is at a 4-year high with SMEs appearing to shrug off any doubts about a lacklustre year ahead.

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In the Bulletin we mention three other videos to look at on how to manage your working capital:

How to Calculate Your Stock Turnover Ratio

How to Calculate Your Debtor Days Ratio

How to Calculate Your Creditor Payment Ratio

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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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