Posts Tagged ‘business loans’

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.

Demand for Small Business Borrowing Slips but Success Rates Are Up

Posted on: August 25th, 2017 by blsuser1 No Comments Tags: , , , , , , , , ,
Posted in Business Finance News

The latest ‘Voice of Small Business Index’ from the FSB for Quarter 2 to June 2017, shows that only 14 per cent of small firms applied for external finance in the three months to June.

The FSB commented that the low figures are being driven by lower investment intentions and confidence levels on the back of Brexit and economic uncertainty.

The survey comes out on the back of the latest statistics from UK Finance (the finance industy’s trade body) which revealed that bank lending to businesses fell by £698m in July.

However, it’s not all doom and gloom.

Thumb UpOf the 14% of businesses which said they had applied for finance in the three months to June 2017, the share of those successfully getting a ‘yes’ stood at 74% in the quarter, up from the 71% in the same quarter a year ago.

This also compares very favourably to the 54% seen in Q2 2015. So, the more growth-focused businesses are getting what they want.

The survey also shows that the lending landscape continues to evolve with continued evidence of diversification away from traditional bank lending. Among small businesses that had applied for credit, the share applying for bank loans declined from 39% in Q2 2016 to 23% in Q2 2017.

Where are small businesses going for their finance needs?

The survey reveals that the proportion using asset-based finance, such as invoice financing, has doubled from 17% to 34%.

Our message is that if you are in growth mode, there are plenty of finance options out there.

How Do Banks Assess Your Finance Request? The CAMPARI Framework – Part 2

Posted on: August 19th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , ,
Posted in Business Finance Tips

Once again, as we’re in the middle of the holiday season, we’re still on our brief break in our usual weekly Bulletins.

Following on from last week’s look at “How Do Banks Assess Your Finance Request?”, we now move on to Part 2.

As outlined in Part 1, when applying for business finance, it’s useful to understand what lenders are looking for.

In this second session, we continue our review of the CAMPARI framework which banks follow when reviewing a finance request. We will be sharing the last three elements which focus on the amount you want to borrow, how you’re going to pay it back and how you can reduce the risk the bank is taking.

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.

If you missed the first part of this mini-series you can check out Part One here.

How Do Banks Assess Your Finance Request? The CAMPARI Framework – Part 1

Posted on: August 12th, 2017 by blsuser1 1 Comment Tags: , , , , , , , , , ,
Posted in Business Finance Tips

When applying for business finance, it would be useful to understand what lenders are looking for. In this first of videos, I will be sharing a framework which guides banks when assessing a finance request. Understanding the framework, referred to as CAMPARI, means you can be better prepared when presenting your request.

In Part One, I reveal the first four elements of CAMPARI.

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.

In Part 2 we continue our look at the CAMPARI framework – check out Part 2 here.

A Short Term Business Loan Can Ease a Cashflow Problem

Posted on: May 15th, 2017 by blsuser1 No Comments Tags: , , , , , , ,
Posted in Business Finance Tips

For more information on short term business loans and whether it can work for you, simply contact us for a no-obligation chat.

Xero Access to Finance Support, Export Advice and Being Finance Ready – BFB Epsd 161

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

In this edition of the Business Finance Bulletin we look at how the accounting software provider Xero is making access to finance easier by integrating with MarketInvoice, DueCourse and Iwoca. Another step forward for businesses in need of quick access to cash.

Brexit has opened business owner’s minds to the opportunities created via exporting. A new survey by the Federation of Small Businesses has revealed the top 3 export priorities but if you’re new to exporting, where do you go for advice and support. We look at three sources you can tap into.

The deal of a lifetime can present itself but often the opportunity is missed because you can’t arrange finance quick enough. To avoid that happening we have three actions you can take to ensure you are finance-ready.

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.

SME Borrowing Concerns, Missed Opportunities and Fast Business Loans – BFB Epsd 160

Posted on: March 17th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

The latest SME Finance Monitor Report reveals an interesting insight into small business owner’s current thoughts about borrowing money. In this episode of the Business Finance Bulletin we take a look at feedback from small business owners on their appetite to borrow and funding growth.

Deciding to sit back and self-fund your growth plans, whether intentionally, or because you can’t find finance, comes at a cost. This is the finding from a survey carried out by Aldermore Bank which reveals that business opportunities are being lost because small businesses can’t access the right finance.

Looking for a fast, short term business loan? How about one in 12 minutes? We look at a new lending service launched by Ultimate Finance, the Cash Advance, which promises quick access to short term business finance with minimal fuss.

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.

Financial Terminology, Business Investment Plans and the Impact of CCJs – BFB Epsd 159

Posted on: March 10th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In this episode of the Business Finance Bulletin we start off by looking at how findings from a new survey reveal that business owners can be put off borrowing by complicated financial terminology. Are you confused by the jargon lenders use?

It seems some business owners are running for the hills when it comes to planned investments over the next six months. A rapid fall in estimated investment levels indicates that small business owners are being cautious ahead of Brexit.

There are many reasons why your bank can say ‘no’ but when it comes to County Court Judgments, or CCJs as they are commonly referred to, it is difficult to argue your corner. Find out how one business owner unwittingly fell into this trap.

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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