Posts Tagged ‘British Business Bank’

Open Banking, Barclays Small Business Finance and Accessing Asset Finance – BFB 223

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

At the beginning of 2018, Open Banking was launched. Designed to improve access to finance by streamlining the application process, Liberis, an alternative finance provider, has announced its first use of Open Banking technology to renew one of its client’s borrowing facilities. The banking revolution is now underway.

Barclays Bank has announced two new initiatives to increase the level of support it provides to small businesses. Firstly, we look at the bank’s use of a £300m ENABLE Guarantee granted by the British Business Bank to boost Asset Finance usage. Barclays has also announced the doubling of its unsecured overdraft and business loan limits.

To close this Bulletin, we review the latest Asset Finance statistics from the Finance and Leasing Association. The statistics to May reveal that following a slow start to 2018, Asset Finance volumes jumped in May with strong performance in purchase of commercial vehicles and plant and machinery.

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 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.

Changing Face of Banking, Cambridge & Counties Bank, Lloyds Hinkley Point Fund – BFB 216

Posted on: May 26th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Change affects all industries and that doesn’t exclude banking. We open our latest Bulletin with a look at a new report from UK Finance and EY which highlights the rise in mobile banking and what the future holds.

One of the aims of the British Business Bank is to support so called Challenger Banks with funding via the ENABLE Programme. The latest beneficiary is Cambridge and Counties Bank which will utilise the funding to expand its property and commercial lending portfolio.

To close, we share news of a pot of funding set aside by Lloyds Bank specifically for businesses working directly, or indirectly supporting construction of the new Hinkley Point nuclear power plant. Funding to businesses in the supply chain could give them confidence to bid for contracts. Could you make use of this?

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.

Revolut Bank, British Business Bank Support and Business Confidence – BFB Epsd 208

Posted on: March 31st, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

To start our latest Business Finance Bulletin, news from Revolut Bank, an internet and mobile-only bank which we have not featured before. Revolut has announced forthcoming enhancements to its service offering which will provide wider benefits to its 16,000 business customers.

The British Business Bank, the government’s home for its finance programmes, has supported two more challenger lenders in their aim to broaden access to finance. Aldermore and 1pm will be using the finance schemes to widen the reach of their asset finance products.

Business confidence appears to be strengthening. That’s the message coming out from two surveys undertaken by the FSB and Lloyds Bank. However, there are still a number of factors holding businesses back when it comes to pursuing growth.

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.

Borrowing to Grow, Barclays Midlands Growth Fund and Start Up Support from Nat West – BFB Epsd 204

Posted on: March 2nd, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

What would you do if you were able to borrow money for your business? This is a question posed by Liberis, the short-term cashflow lender, when it spoke to 200 small businesses. As well as revealing how funds would be spent, the survey also discovered how many small businesses are still confused about where to look for finance.

Businesses based in the Midlands are in for a cash boost with the announcement from Barclays of the creation of its £370m Midlands Growth Fund. If you are based in the Midlands, we look at how you could benefit.

To close this Bulletin, we have news of Nat West’s revised Entrepreneur’s Accelerator Programme. Delivered in hubs situated in 12 major cities across the UK, the programme is designed to help start ups in need of support, advice and mentorship. Could the programme help you get your business off the ground?

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.

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

Posted on: February 24th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

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.

Avoiding Online Fraud, EFG Boosts Economy and Ambitious Entrepreneurs – BFB Epsd 192

Posted on: November 25th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

With one of the busiest online shopping periods looming it can be easy to get caught out by online fraudsters. What can you do to ensure you and your business doesn’t lose out financially and give confidence to people visiting your website?

In previous Bulletins we have looked at the Enterprise Finance Guarantee Scheme. New research from London Economics has revealed how businesses accessing this loan scheme have grown more than those which haven’t. Could you use this Scheme if you want to grow your business but struggling to access finance?

Whilst many business owners want to avoid getting in to more debt, there are some entrepreneurs who have ambitions to borrow significant sums. Who are these ambitious tycoons and how big are their borrowing 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.

Interest Rates, Marketinvoice Business Loans & Enterprise Finance Guarantee Scheme – BFB Epsd 189

Posted on: November 4th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Not unexpectedly, after 10 years the Bank of England has increased the cost of borrowing. In our latest Bulletin we look at how this increase will affect both business borrowers and savers.

Marketinvoice, the online invoice discounter, has launched an unsecured business loan product bringing another option to those businesses in need of a short term loan. We review how it works and which businesses are eligible to apply.

The Enterprise Finance Guarantee Scheme, a little known finance product offered by the High Street banks, has hit a new milestone. The scheme, overseen by the British Business Bank, can help those businesses with a viable proposition but lacking in security. Could it help you?

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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