Santander Business Finance, Credit Information Sharing, Asset-Based Finance & Negotiation – BFB Epsd 116
In the latest episode of the Business Finance Bulletin, news from Santander on its collaboration with online lending platform Kabbage. The alliance will allow Santander’s small business customers to apply for loans online to speed up the lending process and is a nod to the success of the online lending revolution.
The government’s plan to help alternative finance providers has been boosted by banks now being required to share borrower credit information with three credit reference agencies. This increased transparency will allow alternative lenders to make more informed decisions when supporting small businesses.
The asset-based finance industry continues to go from strength to strength with the latest figures from the Asset Based Finance Association showing continued growth in 2015.
In the Business Finance Tip of the Week, why you should be negotiating with your suppliers to ensure you get the best deal and tips from negotiation expert Derek Arden on negotiating with your bank.