Rising out of the ashes of the credit crunch the alternative finance providers moved in to fill the gap left by the banks. To open this Bulletin, we look at how the alternative lenders are evolving with Iwoca announcing a milestone in lending and Nucleus Commercial Finance improving its loan repayment term.
Managing late payment can often be a burden for small business owners, which means action taken by the Prompt Payment Code to suspend members not adhering to its rules is good news. Which household names have been asked to leave the organisation?
To wrap up this Bulletin, we look at why you need to be aware whether your industry sector is in or out of favour with your bank before applying for finance.