Posts Tagged ‘crowdfunding’

Business Finance Options, Ratesetter and TaxAssist, and Bank Lending to SMEs- BFB Epsd 158

Posted on: March 3rd, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

We kick-off this week’s Bulletin by sharing a story from a client meeting this week where the business assumed that there would be no funding for them. We look at how many businesses make this mistake and so inadvertently deny themselves the opportunity to grow.

We have news on how TaxAssist Accountants have formed an alliance with Ratesetter, the peer-to-peer lender, to offer clients immediate access to a quick source of working capital and growth finance.

To close the Bulletin, we take our monthly look at how banks are supporting SMEs in terms of loans outstanding. The latest figures from the Bank of England indicate early signs of a shift in attitude amongst small businesses towards borrowing.

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.

Profit Improvement, Business Finance & Growth, Funding Circle Milestone – BFB Epsd 157

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

Whilst small businesses can sometimes beat the bigger players in the market, occasionally we can learn a trick or two from them. In this edition of the Business Finance Bulletin, we take a look at strategies being employed by Chief Financial Officers to boost their company’s performance. What tips can you take action on?

How do small business owners view the finance market and their growth prospects? That’s a question posed in the latest Business Finance Survey carried out by the British Business Bank. Not surprisingly, the survey reveals positive news… and less positive expectations when looking ahead.

To close the Bulletin, we share news on a new milestone reached by peer-to-peer lender, Funding Circle, in terms of the amount it has lent to small businesses.

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.

Funding Circle Investment, SME Borrowing Appetite and Business Confidence in 2017- BFB Epsd 151

Posted on: January 13th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In the latest Business Finance Bulletin we start by looking at news from Funding Circle of £40m from the British Business Bank to invest in business loans alongside private investors. In addition to this there’s news of £82 million raised to support Funding Circle’s growth plans.

How hungry are small businesses to borrow money in 2017? That’s a question posed by Zurich in their latest SME Risk Index survey. Are businesses looking to borrow more or less than in 2016?

To close, we take a look at separate findings from the Federation of Small Businesses and Smith and Williamson on how confident small business owners are entering 2017. It’s clear that many are choosing to ignore any gloomy economic messages.

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.

Santander & Crowdfunding, Funding Circle Changes and Bank Lending to SMEs – BFB Epsd 140

Posted on: October 7th, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In the latest Business Finance Bulletin, a look at a support package being granted by Santander to charities and community groups raising funds on Crowfunder. The match-funding deal will allow these organisations to further leverage the funds they raise.

Funding Circle have announced an upward movement in the maximum they can lend to certain categories of businesses. We look at how this is a positive move for good quality businesses in search of finance.

Turning to the traditional High Street lenders, we take our monthly look at how much banks are lending to small business owners with the release of the latest Bank of England figures. Is the figure up or down?

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.

Entrepreneurial Dreams, Switching Banks, and a New Crowdfunding Platform – BFB Epsd 138

Posted on: September 23rd, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

We start off this week’s Bulletin with the question of how many people who had a dream to run their own business actually took the step and if they didn’t, what was stopping them. Turning to more established businesses we look at findings from a recent report, DNA of an Entrepreneur, on how business owners view their current and future prospects.

The government has been keen to stimulate competition in the banking sector and three years ago a current account switching service was launched to make it easier for individuals and small businesses to move banks. Three years on, how has it performed?

Supermarkets can sell most things we need but who would have thought they would enter the crowdfunding market? That’s what has happened with the launch of a crowdfunding platform by Tescos focused on helping food and drink manufacturers 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.

Bank Lending to SMEs, Bad Debt Experiences, Alternative Finance Awareness – BFB Epsd 135

Posted on: September 2nd, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

We open this Business Finance Bulletin by taking a look at the latest Bank of England statistics on bank lending to small businesses. The figures to the end of July show strong support to SMEs but will this continue post-Brexit?

Bad debts and writing off irrecoverable amounts is not what you want to happen every day but new research reveals that many businesses are being faced with accepting losses on money owed to them.

Alternative finance continues to be a growing source of finance for small businesses and a new survey from Deloittes shows how many businesses are aware of it and intend to use it to fund growth plans. The findings suggest there is scope for improvement.

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.

Reasons for Business Failure, Banks and SMEs, and New Crowdfunding Lender – BFB Epsd 134

Posted on: August 26th, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

The reasons for business failure can be many but we start the latest Business Finance Bulletin by looking at two key reasons as revealed in a survey carried out by R3, the insolvency industry body.

Banks and small businesses have had a strained relationship and according to a new study just out, it’s not got any better with many businesses owners saying they feel unsupported. We look at as to why that is.

With awareness and usage of Peer to Peer and crowdfunding on the rise we share news of the latest addition to the market. This new player is out to support growing small businesses with a range of financial products.

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.

Awareness Levels of Alternative Sources of Finance is Still Low

Posted on: July 28th, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , ,
Posted in Business Finance News

In our dealings with growing businesses on the search for finance it’s always surprising how many still believe that outside the traditional High Street banks there are few alternative options to consider.

When we mention crowdfunding, short term loans, merchant cash advances and other alternative sources of finance, there is typically a vague acknowledgement that they have heard of such sources but nothing beyond that.

This lack of appreciation that there are sources of finance to tap into outside of the banks has been highlighted in a recent survey carried out by the British Chambers of Commerce and Bibby Financial Services.

The survey of more than 1,000 businesses provides an interesting insight into awareness levels of the primary sources of finance. Perhaps not surprisingly, awareness of overdraft facilities came out top at 93%, even though banks are not as keen in extending overdrafts as they once were!

Next on the familiarity chart are bank loans and commercial credit cards with awareness levels of 88% and 86% respectively. The growth seen in the usage of leasing and HP since the credit crunch is reflected in an 86% awareness levels amongst UK SMEs.

What sources of finance are languishing near the bottom of the pile though?

Trade finance facilities were known by 46% of businesses, peer-to-peer funding by 42% and angel funding by 39% of those surveyed. Propping up the sources of finance list standing at 19% awareness levels is mezzanine finance (a hybrid of debt and equity). No surprise there perhaps!

Despite what you may think there are a plethora of options available but the key problem is that you simply don’t have the time to search the market for the best options.

In fact, one of our clients this week said that they prefer to use us to source finance because we immediately know where to go thereby saving them time. That where commercial finance experts come in.

One other interesting finding from the survey was that of those firms which were successful in securing finance but ultimately rejected the offers, 54% did so because the interest rate offered was too high.

The main question though is ‘too high compared to what?’

Alternative finance is by its nature typically more costly than traditional High Street lenders due to the higher level of risk and the lower standard of security they are prepared to consider. For the alternative finance industry, the next step after raising awareness levels amongst business owners, is to resolve the pricing perception.

Our advice to clients is as long as the finance available to you allows you to achieve what you want to do, benchmark it in the market to check it’s not too wide of the mark, then look beyond the price and get on with building your business.

Can I Still Get Business Finance?

Posted on: July 4th, 2016 by blsuser1 No Comments Tags: , , , , , , ,
Posted in Business Finance Tips

I hope you found the latest editions of the Business Finance Bulletin ‘Brexit Special’ of interest, particularly the five steps you can take to future-proof your business.

In case you missed it you can view it again here:

‘Business Finance Bulletin: The Brexit Special’

One question I was asked last week was whether banks and other lenders are still lending and the answer is simple… yes.

The events of the last two weeks are not a re-run of 2008 and so whilst business investment plans may be under review (as I discussed in the Bulletin), finance is still very much available.

If you have an idea and the only piece of the jigsaw puzzle that’s missing is finance, your options include:

• Commercial mortgages for property purchase
• Short term loans to boost cashflow
• Asset finance to purchase vehicles, plant or equipment
• Crowdfunding for loans up to five years
• … and other finance facilities

Accessing finance is down to planning. That means searching the right finance option for you in good time, preparing a proposal document or Business Plan and ensuring that your financial information is up to date.

Do all this and you’re well placed to get the finance you need.

Of course, if you want to chat through the options available to you, the BLS team will be more than happy to speak to you, just drop us a line or give us a call.

Funding Circle & The EIB, Asset Finance, Managing Your Working Capital – BFB Epsd 127

Posted on: June 24th, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In this Business Finance Bulletin episode, we start off with news from Funding Circle of a £100m facility from the European Investment Bank for onward lending to UK small businesses. The facility will sit alongside an investment to be made by Funding Circle’s SME Income Fund.

Another growing source of alternative finance is that of asset finance. We look at the latest figures from the Asset Based Finance Association which reveal that facilities extended to small businesses over the last 12 months have dramatically increased.

Cash is the lifeblood of all businesses and a survey from audit and taxation consultants RSM has found that businesses can release cash trapped in their business by better management of day-to-day working capital. I share one key working capital component where cash can often get stuck. In the Bulletin I also reference another video in which I share how you can calculate your Stock Turnover Ratio – a useful tool to spot when your stock is getting ‘stuck’.

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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What Our Clients Say

  • I wanted to thank you for such an insightful, energetic, and entertaining talk at the Kevin Green Wealth event on securing funding and creating a successful plan. It was brilliantly executed and a pleasure to listen to and the ideas I’ve learned are definitely going to help me in going forward.

    Max Cooper of Manchester
  • Rob delivered a series of 3 workshops aimed at understanding how finance houses look at finance propositions with the aim for us as a team to deliver more of a bespoke offering to our customer base. The training was delivered to a mixture of staff who work with new businesses start-ups and existing established businesses across Mid & South West Wales. Rob delivered the training with an abundance of passion and has really helped my team look at financial propositions in a different light, many thanks again Rob and I look forward to work with you in the near future.

    Shayne Yates | Welsh Government Regional Centre Service Mid Wales
  • Further to your recent presentation at LEAD Wales just wanted to say it was very refreshing to see somebody talk passionately and positively about finance, very insightful!

    Kay Hyde | Hyde & Hyde Architects
  • Rob kindly agreed to attend the recent Pontypridd RFC sponsors networking evening and delivered what can only be described as an excellent talk on 5 Tactics to Boost Your Business and Your Profits. He kept the audience engaged throughout and the feedback from everyone was excellent. Rob is very knowledgeable on business and finance and on top of that is a genuine nice guy. We hope to have him back at a future event and I have no hesitation in recommending Rob’s services.

    Angela Holloman-Coombes | Connective HR
  • Hi Rob, it was so interesting and entertaining listening to you at the Kevin Green Wealth Coach Workshop in Reading this weekend! I didnt realise you can find Finance proposals such fun!. Brilliant tips! Thanks.

    Gaz Jabeen | Bollywood Burn Out

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