Posts Tagged ‘British Business Bank’

Emergency Funding Support, Nat West Business Account Fees and AskIf EFG Loans – BFB 290

Posted on: March 8th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

UK businesses have been hit by a number of financial shocks this year which can have an impact on sales, profitability and cashflow. To open this Bulletin, we look at the level off support being offered by banks to ease the burden.

To improve its position in the market we review changes Nat West has made to their business account to make it more competitive in an ever increasingly crowded market.

To close this Bulletin, an announcement by small and micro business lender AskIf on its approval from the British Business Bank to offer loans under the Enterprise Finance Guarantee Scheme.

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.

Just Cashflow Start Up Support, Alternative Finance Use and Addressing Late Payment – BFB 289

Posted on: March 2nd, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Start ups have traditionally found it challenging to raise finance. To open this week’s Bulletin, a look at how Just Cashflow will be using Augmented Intelligence to pre-select and directly approach start-ups worthy of financial support.

The latest annual Small Business Finance Markets Report from the British Business Bank reveals how banks are getting left behind in terms of financing SMEs. Are the days of High Street being the first port of call numbered?

Wrapping up this edition, a look at recommendations from the Money Advice Trust, which runs Business Debtline, on how the continuing problem of late payment needs to be addressed.

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.

Business Confidence Rises, Barclays Loan Cashback, and Company Insolvencies – BFB 285

Posted on: February 3rd, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

A positive start to this week’s Business Finance Bulletin with news from Lloyds Bank in their monthly Business Barometer survey that business confidence is on the rise. What are business owner’s view on the impact of Brexit though?

We look at the announcement from Barclays of the launch of a loan cashback scheme with support from the British Business Bank. The cashback is a nice bonus for businesses looking to expand via funding.

To close, less positive news with a look at how many businesses entered some form of insolvency in 2019. The figures from the Insolvency Service do feature a glimmer of hope for 2020.

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.

British Business Bank Support, Prompt Payment Code Suspensions and Open Banking – BFB 267

Posted on: July 20th, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

To start our latest Business Finance Bulletin, we look at how the British Business Bank continues to support small businesses in need of finance. Their 2019 Annual Report sets out how they are improving access to finance in all regions across the UK.

With late payment being an ever-present feature of managing a small business, news from the Prompt Payment Code about membership suspension for a number of high-profile names due to them not adhering to the voluntary payment code.

To close, we review a joint report from the Small Business Commissioner and Growth Street which considers how small business owners see Open Banking. The findings reveal a higher level of awareness and interest than perhaps expected.

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.

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.

British Business Bank Innovation Fund, Barclays Green Loans and Business Confidence – BFB 254

Posted on: April 20th, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Innovative and high growth firms can find obtaining finance from High Street banks challenging. Ahead of exiting the EU, and to ensure smooth access to finance, the British Business Bank has announced a new fund to help high growth businesses.

A new survey from Barclays Bank has revealed that consumers are searching out firms with eco credentials as part of their buying decision-making. To help businesses being more eco-friendly and take advantage of this change in behaviour, we look at a Green loan product launched by Barclays.

To close this Bulletin, we review the latest quarterly SME Confidence Tracker from Bibby Financial Services. Perhaps not unexpectedly, the figures make gloomy reading but there is a spark of enthusiasm around expectations on sales growth.

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.

Robert Owen Community Bank, Finance Innovation and Brexit Finance – BFB 247

Posted on: March 2nd, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

The Enterprise Finance Guarantee Scheme has been a successful programme to help businesses access finance when they have no security. To open our latest Bulletin, news that ethical lender Robert Owen Community Banking Fund has joined the list of lenders offering access to business finance via EFG.

Following the government’s bailout of RBS in the aftermath of the credit crunch, the first recipients of an RBS-financed £775m fund has been announced. The fund is designed to promote and improve competition in the small business finance market. We look at the first three banks to benefit and their plans.

With Brexit looming, we close with the announcement from UK Finance of a new initiative, ‘Let’s Talk Business’. The campaign is focused on encouraging businesses to engage early with their banks if they are likely to need 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.

Tackling Late Payment, Thin Cats Funding and Barclays Brexit Workshops – BFB 246

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

To start our latest Bulletin, a call from the FSB for the Chancellor to take a tough stance on late payment. With the annual Spring Statement a few weeks away, the FSB is seeking three commitments from the government to tackle late payment.

To support small businesses in need of finance, we have news from the British Business Bank that its subsidiary, British Business Investments, has made £20m available to alternative lender Thin Cats. Could you use a slice of that funding?

No Bulletin would be the same without the mention of that ‘B’ word! To close, an announcement from Barclays that is it to hold a series of Brexit Workshops across the UK in March to help business owners plan ahead.

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 Finance Survey, Monzo Business Accounts and Finding Finance – BFB 245

Posted on: February 16th, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

We open our latest Bulletin with a look at findings from the annual Small Business Finance Markets survey carried out by the British Business Bank. The report confirms recent reports that small businesses seem reluctant to borrow with all types of finance options seeing flat or slower growth.

Good news for business owners from mobile-only bank Monzo with the launch of a business account later in the year. Find out how you could be one of 100 business who have a say in shaping the new account.

Finding finance can be a time-consuming task. To help speed up the process the National Association of Commercial Finance Brokers has announced a service to assist businesses source a finance broker in their locality.

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.

Northern Ireland Growth Finance Fund, Tackling Late Payment and Bank Complaints Process – BFB 238

Posted on: December 8th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

We start our latest Bulletin with good news for businesses located in Northern Ireland with the announcement of the launch of the Northern Ireland Growth Finance Fund. With three major contributors including the British Business Bank, the fund will support businesses in the region with growth ambitions.

It’s 12 months since the Small Business Commissioner role was established. With the key focus being on containing late payment and acting as an arbiter between small and larger businesses, what progress has been made in its first year?

Complaints from small businesses about banks are common place, but for many businesses, they have no formal complaint process outside of the bank’s own internal department. We look at news that a voluntary process has been agreed between key UK banks which will help larger SMEs to resolve complaints.

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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