Posts Tagged ‘late payment’

Opportunities from Brexit, Trade Credit Insurance & Asset Finance Usage – BFB Epsd 186

Posted on: October 14th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Despite confidence levels amongst many small businesses being muted, we open our latest Bulletin with a look at news from Hitachi Capital Business Finance that SMEs are seeing opportunities coming out of Brexit. Also, the latest Lloyds Bank research reveals that confidence is up in terms of production output across the regions. So not all bad news.

Dealing with late payment is bad enough but when late payment turns into no payment then that can be a bitter pill to swallow. That’s where trade credit insurance comes in and we have news of a new streamlined policy from Atradius designed for small businesses.

To close we take a look at the latest statistics from the Finance and Leasing Association which reveal that the industry continues to see strong growth in leasing and HP when it comes to purchases of plant and machinery and business equipment.

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 Commissioner, Starling Bank Mobile Business Account & Working Capital Management – BFB Epsd 185

Posted on: October 7th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

After a long wait, the government has announced the appointment of the Small Business Commissioner. How will the new Commissioner, Paul Uppal, help small businesses, particularly when it comes to late payment?

Starling Bank, the mobile-only bank account provider, has announced the forthcoming launch of its mobile account service for businesses. They are looking for small business owners who are prepared to take part in the initial trial and help shape its look. Could that be you?

Carrying too much working capital can strangle growth. A new survey from Lloyds Bank has calculated how much cash businesses have tied up in surplus working capital. The amount, if released, could free businesses to fund their own 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.

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.

British Business Bank SME Support, Funding Circle & Just Eat, and FSB Late Payment Help – BFB Epsd 178

Posted on: July 22nd, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

The British Business Bank, which was established to improve small business access to finance, has issued its latest Annual Report. In our latest Bulletin, we take a look at the progress the Bank has made over the last 12 months.

Alternative lenders are being increasingly quirky in how they tap into new markets to offer finance. We look at the news of a link-up between Funding Circle and takeaway app Just Eat which aims to boost takeaway owner’s access to finance.

The Federation of Small Businesses has always championed ways of tackling late payment and so it comes as no surprise that it has launched a service to help small businesses get paid on overdue invoices.

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.

Prompt Payment Code, Rise in Invoice Discounting & Tax Return Information – BFB Epsd 176

Posted on: July 8th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

The government is keen to be seen to be playing its part in tackling late payment and we start this Bulletin with an announcement that a large number of government’s key suppliers have signed up to the Prompt Payment Code.

With banks increasingly reluctant to hand out overdrafts, how are businesses managing cashflow? It seems the gap is being filled by businesses increasingly turning to invoice discounting. We look at the latest figures which confirm the switch to this alternative source of finance.

Lenders seem to want to see mountain of paperwork when they are reviewing your finance request. One request is sight of your Tax Returns but want exactly do they want? To close this episode, we go through the three pieces of information lenders want to see.

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.

Capital Connections & Seedrs, Late Payment Stress and Bank Lending Appetite – BFB Epsd 171

Posted on: June 2nd, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Despite the introduction of the Bank Referral Scheme, Nat West continues to develop its own panel of alternative finance partners via Capital Connections. In this Bulletin we look at the latest addition to the panel, equity crowdfunding platform, Seedrs.

As well as causing business finance distress, late payment can also cause personal stress for business owners. The extent of the problem is revealed in a recent survey carried out by The Prompt Payment Directory and we review the key findings.

Why would your bank say ‘no’ to a new loan when your business is profitable and your bank account operates with no problems? We close the Bulletin by sharing one reason why this would happen.

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.

Association of Alternative Business Finance, Late Payment Regulations, Bank Lending – BFB Epsd 154

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

With alternative finance becoming an increasing source of finance we kick off this Bulletin with news of the launch of The Association of Alternative Business Finance. Formed by seven players on the alternative business finance scene, the Association is focused on delivering higher standards in the industry.

Time is moving closer to government action on late payment. To lessen the prevalence of late payment I take a look at the forthcoming Duty to Report regulations which places an obligation on large businesses to disclose details of their payment practices.

Are there signs that business appetite to borrow money from banks is beginning to wane? We examine the latest bank lending figures released by the Bank of England.

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.

Asset Finance & Bank Lending, Business Confidence and Late Payment – BFB Epsd 149

Posted on: December 16th, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In this Bulletin, we kick off with our monthly round-up of how lenders are supporting businesses in terms of accessing finance. We look at the latest figures from the Asset Based Finance Association which reveal record business being written by the asset finance sector and levels of support given by the traditional High Street banks.

We review research from Aldermore Bank which shows that business confidence continues to define expectations with SMEs positively looking forward to 2017. How are they planning to expand?

The government is finally beginning to share the rules and regulations they plan to implement in 2017 to curb the late payment epidemic. We look at the steps they will be taking with effect from 1st April 2017 and no doubt large businesses will be concerned about another set of bureaucratic rules to follow!

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.

Asset Finance Boom, Stock and Cashflow, and More to do on Late Payment – BFB Epsd 147

Posted on: November 25th, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Whilst bank lending to businesses is slowly on the up, in this Business Finance Bulletin we look at the latest statistics from the Finance and Leasing Association which reveal that the Asset Finance sector is on a roll.

Carrying too much stock can tie up cashflow which can be better employed within the business. We look at research from the Asset Based Finance Association which highlights exactly how much cash SMEs have invested in unsold stock.

Another drain on cashflow is of course late payment. A new report from the Federation of Small Businesses is calling for more action on tackling the late payment endemic.

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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