Posts Tagged ‘small business banking’

Virgin Money SME Banking, Innovate UK Funding & Asset Finance Slowdown – BFB Epsd 191

Posted on: November 17th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Competition in the provision of banking services is set to hot up in 2018 with the announcement from Virgin Money that it is to start offering banking products to small businesses. What can we expect from a business that has a record of shaking up industries?

Companies involved in developing innovative products or services often find it difficult to obtain finance. We take a look at a new £50 million loan fund offered by Innovate UK to support businesses in need of finance to get innovative products or services out in the market place.

In previous Bulletins we have looked at how the growth in usage of Asset Finance facilities has outstripped supported provided by banks. However, the latest statistics from the Finance and Leasing Association reveal a surprising fall in the amount of new asset finance business written.

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.

Bank Lending to SMEs, Bad Debt Experiences, Alternative Finance Awareness – BFB Epsd 135

Posted on: September 2nd, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

We open this Business Finance Bulletin by taking a look at the latest Bank of England statistics on bank lending to small businesses. The figures to the end of July show strong support to SMEs but will this continue post-Brexit?

Bad debts and writing off irrecoverable amounts is not what you want to happen every day but new research reveals that many businesses are being faced with accepting losses on money owed to them.

Alternative finance continues to be a growing source of finance for small businesses and a new survey from Deloittes shows how many businesses are aware of it and intend to use it to fund growth plans. The findings suggest there is scope for improvement.

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.

Reasons for Business Failure, Banks and SMEs, and New Crowdfunding Lender – BFB Epsd 134

Posted on: August 26th, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

The reasons for business failure can be many but we start the latest Business Finance Bulletin by looking at two key reasons as revealed in a survey carried out by R3, the insolvency industry body.

Banks and small businesses have had a strained relationship and according to a new study just out, it’s not got any better with many businesses owners saying they feel unsupported. We look at as to why that is.

With awareness and usage of Peer to Peer and crowdfunding on the rise we share news of the latest addition to the market. This new player is out to support growing small businesses with a range of financial products.

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.

Atom Bank, Lloyds SME Charter, Business Confidence & Overtrading – BFB Epsd 117

Posted on: April 17th, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In this episode of the Business Finance Bulletin a look at Atom Bank, a new online-only bank which has announced that it is now targeting small businesses following approval of its SME lending service.

Back to the traditional High Street banks, Lloyds Bank has announced the launch of it 2016 SME Charter. Their pledges include support for new businesses wishing to start exporting and targets in terms of lending to small businesses.

Recent Bulletins have featured surveys reporting that small business confidence is on the wane but in this Bulletin we share positive findings from the latest Bibby Financial Services SME Confidence Tracker, which counter previous negativity.

In the Business Finance Tip of the Week, we look at what overtrading is and how you can tackle it.

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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