Posts Tagged ‘British Business Bank’

Businesses Planning for the New Future; Exit Plans on Hold; and British Business Bank Support

Posted on: September 21st, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , ,
Posted in Business Finance Bulletin

As we enter a recovery phase in the UK economy, businesses are now turning their thoughts to how their operation will look in the future. A survey from Hitachi Capital Business Finance reveals that many business owners have undertaken a critical review of key areas and taken steps to safeguard their future.

One impact of recent events has been the effect the downturn has had on business owners looking to exit. Findings by Nucleus Commercial Finance undercover how plans to sell up have been put on hold.

To close this Bulletin, we look at annual results released by the British Business Bank. This lender may not be familiar to many small businesses, but the chances are they have been indirectly supported by this government body.

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

Business Finance Bulletin · Businesses Planning for the New Future; Exit Plans on Hold; and British Business Bank Support

What’s Ahead for Small Businesses, New Lenders and Updates on Bounce Back Loans and CBILS

Posted on: June 22nd, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Starting this week’s Bulletin, with businesses either back trading or gearing up to open the doors, we look at surveys from Aldermore Bank and UK Finance which reveal how businesses see the next 12 months in terms of borrowing and growth.

The British Business Bank announces accreditation of more new lenders on the Bounce Back and CBILS loan schemes. Are we at the stage where there are enough on the panel of lenders?

To close, we review the latest figures on the two loan schemes and consider why the number of unsuccessful CBILS applications remains stubbornly high.

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

Business Finance Bulletin · What’s Ahead for Small Businesses, New Lenders and Updates on Bounce Back Loans and CBILS

Business Interruption Loans Increase, Government Start Up Support and COVID Economic Impact – BFB 296

Posted on: April 27th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Kicking off this Bulletin, we look at the latest Coronavirus Business Interruption Loan Scheme update from UK Finance which, following a slow start, reveals that the number of loans distributed is now picking up.

One gap in CBILS eligibility has been support for start ups and pre-revenue/pre-profit innovation-focused firms. We review the announcements of a variant of the support scheme for innovative firms and funding specifically for start ups.

Closing the Bulletin, we step back and look at reports on the early economic impact of the Coronavirus. What steps are businesses taking to safeguard their future?

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 Finance Bulletin · Business Interruption Loans Increase, Government Start Up Support & COVID Economic Impact – BFB 296

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.

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