Posts Tagged ‘alternative finance sources’

Mandate Fraud, Accessing Growth Finance and HSBC’s 2018 SME Fund – BFB 227

Posted on: September 22nd, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Financial fraud can be complex but sometimes a fraud can be relatively simple. We open our latest Bulletin with findings from research undertaken by RSM into the rising frequency of mandate fraud. What is it and what can you do to avoid being taken in by this fraud?

According to a new survey carried out by the British Business Bank, appetite among small businesses to grow is strong. We share how many are entrepreneurs are held back by a lack of awareness as to where to find appropriate finance.

To close, news from HSBC of the launch of its 5th SME Fund, which sets aside cash specifically for UK small businesses. We look at how the latest Fund has a particular focus on supporting smaller businesses who want to increase exports.

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.

Business Finance Bulletin No 54: Small Business Finance, Asset Based Lending, Funding Knight & Management Accounts

Posted on: December 12th, 2014 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In the latest Business Finance Bulletin Rob Warlow looks at a survey carried out by the British Business Bank into the SME finance landscape which draws a number of conclusions on how small businesses view the world of finance.

The use of asset based finance continues to grow and Rob shares news from the Asset Based Finance Association on the increased use of invoice discounting and leasing as an alternative source of finance.

In the crowdfunding world, news of a milestone reached by crowdlender Funding Knight and an announcement by Cambridge and Counties Bank of the opening of a new branch in the North of England.

In the Business Finance Tip of the Week Rob shares a conversation he had with a business owner about the use of management information and how to get the best out of it.

You can also listen to this week’s Bulletin as a podcast. To listen via your PC or download to your phone either click below to listen or click the download symbol.

Business Finance Bulletin Epsd 46: Old World Meets New World, Alternative Finance and Accurate Financial Information

Posted on: October 17th, 2014 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In the latest episode of the Friday Business Finance Bulletin Rob Warlow looks at the meeting of the old financial world and the new financial world with news that PWC have tied up with Funding Circle to meet their client’s borrowing needs.

To support the growing alternative finance market news from the UK government’s British Business Bank of a financial package arranged with Shire Leasing.

Business confidence is on the rise as reported in a survey carried out by Barclays and news from another High Street bank, RBS/Nat West which has revealed plans to launch a number of accelerator hubs for start up businesses. RBS has also announced a new pot of money to lend out to growing businesses.

In the Business Finance Tip of the Week Rob talks with author and corporate finance specialist Tim Luscombe who shares a salutatory lesson in why you need to keep accurate management accounts.

You can also listen to this Bulletin as a podcast and download it to your computer or phone by clicking below.

Business Finance Bulletin Epsd 45: Getting a Bank From No to Yes & How Crowdfunding Works

Posted on: October 10th, 2014 by blsuser1 No Comments Tags: , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In the latest episode of the Business Finance Bulletin Rob Warlow looks at how the Business Loan Services team recently turned a ‘no’ into a ‘yes’ for a client looking to raise money to purchase another business.

In the crowdfunding sector, news from Ratesetter on the record month they had in September in terms of loans granted; a look at how Funding Circle is powering ahead; and a new milestone set by Seedrs in raising £4m for Chapel Down, a company already publicly listed.

In the Business Finance Tip of the Week, a clip from a seminar Rob presented for the ACCA in which he explains how crowdfunding works.

Alternatively you can listen to this week’s bulletin as a podcast by clicking below or downloading it to your PC or phone or listening later.

Business Finance Bulletin 44: Zombie Businesses, Credit Reports, Funding Empire & Value Adding Projects

Posted on: October 3rd, 2014 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In the latest Business Finance Bulletin Rob Warlow reviews findings by the Insolvency trade body R3 on how zombie businesses may be facing challenges ahead as the economy grows.

New lenders keep appear on the finance scene and Rob shares the news of a new commercial lender, Secure Trust Bank, which is providing asset-based financial support to growing SMEs.

Funding Empire is one the growing band of crowdlenders and Rob has a chat with Parag Patel, owner and founder on what Funding Empire can do to help business owners access finance.

A clean credit report is important when raising finance and in this edition Rob looks at a recent survey by Experian, the credit reference agency, which reveals that many business owners have little knowledge about the make-up of a good or bad credit profile.

In the Business Finance Tip of the Week Rob shares a clip from a recent Business Wales ‘Access to Finance Workshop’ in which he talks about the type of proposals banks like to see.

You can also listen to this week’s episode as a podcast by clicking below or downloading it to your phone via Soundcloud so you can listen at your leisure.

BLS Team at the Introbiz Show Cardiff

Posted on: September 27th, 2014 by blsuser1 No Comments Tags: , , , , , ,
Posted in Business Loan Services News

The Business Loan Services team were out in force on Thursday 25th September where we were exhibiting at the Introbiz Business Show in Cardiff.

The day was a huge success and it’s clear from speaking to many business owners who visited our stand that confidence is high with many actively planning for growth. The discussions we held revolved around the different sources of finance options available to fund growth ranging from traditional borrowing to the new alternative sources.

Rob also hosted a seminar on ‘How to Fund Growth Without Paying the Bank a Visit’ in which he provided an overview of the alternative financing scene.

We’re looking forward to next year’s event which we’re sure will be even bigger!

BLS team: Rob Warlow, Colin Venables, and Steve Taylor

BLS team: Rob Warlow, Colin Venables, and Steve Taylor

Business Finance Bulletin Epsd 42: Alternative Sources of Finance & Why Banks Say No

Posted on: September 19th, 2014 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In the latest Business Finance Bulletin Rob Warlow looks at activity in the alternative sources of finance market. There’s news of crowdlender ReBuildingSociety joining the Alternative Business Funding platform and how a survey has revealed that business owners are finding it hard to differentiate between banks.

Rob also reports on the growth in the total amount lent by alternative finance providers and crowdfunding platforms with the figures showing strong performance.

And in the Business Finance Tip of the Week a live from a live seminar Rob delivered recently for the ACCA in South Wales on alternative sources of finance. In this clip Rob talks about one key reason why bank would say no to a loan request.

You can also listen to this week’s episode by clicking below or downloading it to your phone.

Business Finance Bulletin Espd 41: Alternative Finance, Family Businesses & Preparing Your Pitch

Posted on: September 12th, 2014 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In the latest Business Finance Bulletin, Rob Warlow looks at a survey from Bibbys Financial Services which reveals that a growing number of businesses are considering alternative sources of finance because their existing providers aren’t servicing them well. Yet there are barriers facing businesses which stop them from moving.

According to findings by KPMG family-owned businesses find it challenging to raise finance via selling equity because of an expectations mis-match. But there is one solution which would help family businesses access the finance they need. So how can the tap into this source of cash?

In the Business Finance Tip of the Week, a clip from a live seminar in which Rob shares his views on why you should focus on preparing a polished pitch when presenting your funding case to the bank.

You can also listen to this week’s episode by clicking below or you can download it to your phone to listen to later.

Business Finance Bulletin Epsd 40: SME Finance Monitor Report, Business Growth, Equity Support & Financial Information

Posted on: September 5th, 2014 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In the latest Business Finance Bulletin Rob Warlow reviews findings from the recent SME Finance Monitor Report which reveals that demand for finance amongst business owner is low. But what does that do for growth?

According to another survey Rob discusses how many businesses are planning to invest this year but that they have a low understanding of how alternative finance works and how it could benefit them.

If you are looking to raise equity then news of a support program run by Crowdcube to help you through the process.

In the Business Finance Tip of the Week, a clip from a live seminar in which Rob explains how your financial information needs to be kept up to date.

You can access this Bulletin in two ways… watch the video on our You Tube Channel or listen and download the Bulletin to your phone via SoundCloud

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What Our Clients Say

  • 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
  • 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
  • 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 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
  • 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

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