Business Finance Bulletin Episode 77: Alternative Finance, Funding for Lending Scheme, Credit Reports & Invoice Discounting
In the latest Business Finance Bulletin episode Business Loan Services’ Rob Warlow looks at how business owners are becoming more aware of alternative finance and willing to consider it as an option to obtain funding. Rob also shares news from Funding Circle of their new bridging loan product.
The Funding for Lending Scheme, launched by the government in 2012 to boost lending to small businesses, may not have been roaring success, but Rob looks at statistics which shows signs of improvement in usage by the banks involved in the scheme.
A clean Credit Report is one thing a lender will look for when assessing a finance request but such don’t necessarily provide a complete picture… until now. Rob shares news from Experian on how additional information now being shared will provider lenders with a better understanding of an applicant’s financial position.
In the Business Finance Tip of the Week Rob chats with Gareth Pritchard of Lloyds Bank Commercial Finance in which talks about the key features of Invoice Discounting.
You can also listen to this week’s edition in a podcast version by clicking below to listen or download. You can also subscribe via our itunes channel.