Posts Tagged ‘business lending’

Demand for Small Business Borrowing Slips but Success Rates Are Up

Posted on: August 25th, 2017 by blsuser1 No Comments Tags: , , , , , , , , ,
Posted in Business Finance News

The latest ‘Voice of Small Business Index’ from the FSB for Quarter 2 to June 2017, shows that only 14 per cent of small firms applied for external finance in the three months to June.

The FSB commented that the low figures are being driven by lower investment intentions and confidence levels on the back of Brexit and economic uncertainty.

The survey comes out on the back of the latest statistics from UK Finance (the finance industy’s trade body) which revealed that bank lending to businesses fell by £698m in July.

However, it’s not all doom and gloom.

Thumb UpOf the 14% of businesses which said they had applied for finance in the three months to June 2017, the share of those successfully getting a ‘yes’ stood at 74% in the quarter, up from the 71% in the same quarter a year ago.

This also compares very favourably to the 54% seen in Q2 2015. So, the more growth-focused businesses are getting what they want.

The survey also shows that the lending landscape continues to evolve with continued evidence of diversification away from traditional bank lending. Among small businesses that had applied for credit, the share applying for bank loans declined from 39% in Q2 2016 to 23% in Q2 2017.

Where are small businesses going for their finance needs?

The survey reveals that the proportion using asset-based finance, such as invoice financing, has doubled from 17% to 34%.

Our message is that if you are in growth mode, there are plenty of finance options out there.

Business Finance Bulletin Episode 102: Small Business Finance – A Review of 2015

Posted on: December 17th, 2015 by blsuser1 No Comments Tags: , , , , , , , , , ,
Posted in Business Finance Bulletin

In this last episode of the Business Finance Bulletin for 2015 Rob Warlow looks back over the key business finance news in 2015.

Rob reflects on 2015 being the year when improved business confidence took hold with more business owners than ever feeling positive about the future.

How did the High Street bank perform in 2015 when it came to supporting small businesses? Rob takes a look at the banks’ attitude towards businesses and how the year saw banks forging alliances with providers of alternative finance such as Funding Circle and Assetz Capital.

Staying with the alternative finance scene 2015 was the year which witnessed new highs and greater level of awareness amongst business owners of crowdfunding and other sources of finance.

2015 was also the year when new legislation was introduced to help businesses tackle late payment and for banks to pass on introductions to lending platforms where the bank can’t assist.

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

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  • 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.

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    Gaz Jabeen | Bollywood Burn Out
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