Posts Tagged ‘asset finance statistics’

British Business Bank Development Finance, Credit4 SME Finance and Asset Finance Statistics – BFB 257

Posted on: May 11th, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Smaller property developers can find it a challenge when it comes to raising finance. To kickstart the latest Bulletin we look at the initial announcement from the British Business Bank on its ENABLE Build Guarantee which will focus on assisting smaller property developers access finance.

Credit4 is a niche lender supporting small businesses in need of flexible finance solutions. To allow them to back their increasing number of clients, Credit4 has announced it has secured additional funding. Could they fund your growth plans?

To close, our regular review of how the Asset Finance sector is performing. Once again, growth in volumes of HP and Leasing arrangements is beating expectations against the background of flat small business confidence levels.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Spotify, Stitcher or itunes channel.

Late Payment Call Out, Starling and FreeAgent Partnership and Asset Finance Sector Volumes – BFB 253

Posted on: April 13th, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

It has taken a while since the formation of the Small Business Commissioner office for them to name and shame a late payment offender, but the Commissioner has finally called out a well-known name. With the Commissioner’s focus on tackling late payment, will naming and shaming have an impact on other offenders?

Administrative tasks are not the favoured part of running a business. We look at the announcement from mobile-only bank Starling of its link up with cloud-based accounting package provider FreeAgent, which will reduce admin time and help with speedy production of Management Accounts.

To wrap up, our monthly look at activity in the Asset Finance sector with a mixed bag of results reflecting the degree of uncertainty which many business owners are currently feeling.

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.

Boost Capital and Open Banking, Checking Your Credit Score and Asset Finance Growth – BFB 250

Posted on: March 23rd, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

The term Open Banking may still be a mystery to many people, but more lenders are beginning to adopt the technology and benefits it brings. We open our latest Bulletin with news that Boost Capital, the short term business finance provider, has embraced Open Banking to speed up the processing of finance applications.

New research from Experian, the credit reference agency, reveals that a high proportion of people have never checked their personal credit score. We look at why it’s important to do so, especially prior to applying for business finance. In the Bulletin we mentioned a longer video with tips on how to improve your business credit score.

To close, our regular look at activity in the asset finance sector. The latest figures from the Finance and Leasing Association show that in January, usage of asset finance bucked the trend in terms of appetite to invest.

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.

Lloyds 2019 Lending Plans, Asset Finance Usage and the Prompt Payment Code – BFB 241

Posted on: January 18th, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

We open our latest Bulletin with the announcement from Lloyds as to how much lending it will be committing to UK businesses in 2019. The funding pot will be available to all businesses but with an emphasis on those businesses looking to export for the first time.

The Finance and Leasing Association has released up to date figures on the volume of business written by its members. The level of asset finance transactions is always a good indicator of how business owners are feeling, and the recent figures are a mix of good and bad news.

To close, we look at the call from the FSB for a review of the Prompt Payment Code. This voluntary code is designed to curb late payment, but 12 months on from the Carillion collapse the FSB wants to see it strengthened.

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.

Seasonal Cashflow Tips, Finance Support for Asset Finance Lender & Asset Finance Statistics – BFB 236

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

With the traditional year-end slowdown fast approaching, if you haven’t done so already, now is the time to start assessing the impact on your cashflow. How can you avoid hitting a cash crunch?

The British Business Bank has announced support to another niche lender providing Asset Finance facilities to growing businesses. We look at how Compass Business Finance will benefit from being granted access to the Enterprise Finance Guarantee Scheme.

To close, our monthly review of how the Asset Finance sector is performing in terms of finance provided to small businesses. The latest figures from the Finance and Leasing Association reveal a continuing reluctance among businesses to embark upon any significant investment spend.

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.

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.

Reluctance to Borrow, Governance and Payment Practices Review and Asset Finance – BFB Epsd 207

Posted on: March 23rd, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Are small businesses increasingly reluctant to borrow? According to findings in the latest SME Finance Monitor Report that appears to be the case. What are the factors holding businesses back from approaching lenders?

Following the Carillion liquidation, concerns continue to be expressed about how larger businesses deal with their smaller counterparts. Is there a failure in UK corporate governance, particularly when it comes to payment practices? That’s a question being posed in a consultation paper issued by the government. Do you have comments or ideas to share?

Despite the apparent overall reluctance to borrow, we close our Bulletin by reviewing the latest figures from the Finance and Leasing Association. The statistics for business transacted to January 2018 reveal steady growth in the use of this form of 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.

Business Confidence, Asset Finance Boom, and Marketinvoice Trade Credit Insurance – BFB Epsd 202

Posted on: February 17th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Despite many reasons for small businesses to feel uncertain about prospects, we open this Bulletin with a review of the latest Business Barometer Report from Hitachi Capital which reveals that business confidence has remained steady over the last 12 months.

One source of finance which continues to see growth is Asset Finance. Figures released by the Finance and Leasing Association shows strong growth in the use of Asset Finance in 2017 with certain types of asset purchases leading the way.

To close the Bulletin, we share news that Marketinvoice, the online invoice discounter, has announced a tie-up with trade credit insurance provider Euler Hermes. The partnership will benefit those Marketinvoice clients who wish to protect themselves against non-payment of discounted 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.

FSB Funding Platform, Zombie Businesses and Asset Finance Usage – BFB Epsd 197

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

Some businesses when looking for finance can get overwhelmed by the choices and process of applying for funding. If you are an FSB member, then help is at hand with the launch of the FSB Funding Platform which is designed to help its members efficiently search for finance.

Despite the prevailing uncertainty about consumer demand and the state of the economy, a report from R3, the business turnaround and insolvency specialists, reveals that the number of zombie businesses is in decline. What are zombie businesses and why are their numbers falling?

Asset Finance as a way of funding the purchase of equipment has seen a boom over recent years. However, the latest statistics from the Finance and Leasing Association show that use of Asset Finance is leveling off. We look at why that is.

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.

Arranging an Overdraft, Lloyds Overdraft Charges and Asset Finance Usage – BFB Epsd 195

Posted on: December 16th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Regular feedback we have from Business Loan Services clients is how difficult it can sometimes be to arrange an overdraft limit. Iwoca, the short-term loan provider, recently undertook a mystery shopping expedition to see how challenging it can be! In this Bulletin we see how they got on and share 3 tips if you’re looking for an overdraft.

Staying with the subject of overdrafts, Lloyds Bank has announced a revision of its overdraft charging structure. We look at the changes and how it’s decision to simplify the cost of running an overdraft will make the charge more transparent and easier to understand.

To close, we look at the latest asset finance statistics from the Finance and Leasing Association. The most recent figures show usage of asset finance increased in October, but year-on-year, the growth is less than stellar suggesting that business owners are holding back on investment.

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.

Here is the Iwoca mystery shopping video demonstrating how difficult it can be in getting an overdraft facility.

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