Posts Tagged ‘small business finance’

Just Cashflow Export Advice, Barclays Mobile Invoicing and Starling Bank, Post Office Tie Up – BFB 235

Posted on: November 17th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

With a drive to boost the number of businesses exporting, a survey from alternative finance provider Just Cashflow has revealed a lack of knowledge is holding businesses back from taking the export leap. To close the gap, we look at an announcement from Just Cashflow of an initiative to support businesses wishing to export.

Administration tasks, such as invoicing and follow-up, can divert business owner’s attention. To ease the burden Barclays has launched an add-on to their Mobile Banking App which allows customers to create, track and reconcile invoices.

Whilst High Street banks are busy closing branches, mobile-only bank Starling has revealed a collaboration with the Post Office, which will make Starling’s services more accessible.

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.

Access to Finance, Nat West Mobile-Only Service, and Self Employed Debt Levels – BFB 234

Posted on: November 10th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

A new report from the Federation of Small Businesses has highlighted concerns that growth is being held back by restricted access to finance. Is that the case or is there something else going on?

We look at the announcement from Nat West of the launch of Mettle, its new mobile-only banking service. Operating as a standalone service, Mettle is in pilot phase and seeking small business owner to be part of the trial to assist in future development.

To close this Bulletin, concerns from Business Debt Line, a charity which assists small business owners who have got into financial difficulty, that debt levels are on the rise. It’s calling for various support measures for smaller businesses to help them through difficult times.

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.

Budget Finance Boost, Iwoca Lloyds & Open Banking, Company Insolvencies – BFB 233

Posted on: November 3rd, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

With the 2018 Budget behind us we open this Bulletin by looking at finance-specific measures. The British Business Bank, the home to the government finance raising schemes, received several boosts from the Chancellor with the aim of securing business access to finance, particularly post-Brexit.

Earlier in 2018 we looked at the launch of Open Banking and how it is going to revolutionise applying for and controlling finances. How useful Open Banking is going to be is highlighted by the announcement from Iwoca that it has agreed a link up with Lloyds which will speed up access to finance.

To close this Bulletin, we review the latest quarterly statistics from the Insolvency Services. The Quarter 3 figures make gloomy reading with the number of businesses entering into an insolvency arrangement reported as on the rise.

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.

Brexit Funding, Asset Finance Support and Bank Lending to Business Figures – BFB 232

Posted on: October 27th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

As we get closer to the Brexit deadline, thoughts are turning to potential support businesses will need in a worse-case scenario. To open our latest Bulletin, we have news that RBS has set aside funds to provide financial support to businesses trading in Europe who may find themselves in a tight financial spot.

As highlighted in recent Bulletins, the Asset Finance sector continues to grow in terms of facilities to allow businesses to acquire assets. To continue the flow of available funds, we look at the announcement from the British Business Bank that it has allocated funds to asset finance provider Henry Howard Finance for on-lending to small businesses.

To close, our monthly review of bank lending to businesses. The latest figures from UK Finance reveal that bank lending continues to slip with limited demand for finance from businesses. Business owners seem to be adopting a ‘wait and see’ approach when it comes to making investment decisions.

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.

High Risk Business Loans, Creditsafe Quarterly Business Review and Bank Complaints – BFB 231

Posted on: October 20th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Are we seeing a build-up to another credit crunch? That’s a concern the Bank of England has flagged up following an increase in the volume of what it perceives as high-risk loans. If that’s the case, what can you do to prepare?

We look at the latest quarterly business review from Creditsafe, the credit reference agency, which has a mix of surprisingly positive news on sales growth and a less positive outlook on a potential growth in late payment.

To close this Bulletin, good news from the Financial Conduct Authority with its announcement that from next year small business owners will be able to refer complaints about their bank to the Financial Ombudsman Service. Finally, small businesses have an option to pursue complaints which doesn’t involve going to Court.

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.

Housebuilder Finance, Where Businesses are Borrowing and Asset Finance Funding – BFB 230

Posted on: October 13th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Whilst larger housebuilding firms tend to have easier access to finance, smaller housebuilders have greater challenges in getting the finance they need to develop sites. To open this Bulletin, news of a guide released by UK Finance and the Federation of Master Builders designed to help SME housebuilders source finance.

Where are businesses turning to when they apply for finance? We continue our look at findings from the latest SME Finance Monitor Report and reveal where businesses in need of finance are turning to. Despite strained relationships between banks and small businesses, the High Street banks remain the first port of call.

As an alternative source of finance, the Asset Finance sector continues to be an important avenue of funding for growing businesses. The latest figures from the Finance and Leasing Association show a busy August in terms of volume of business written. How does it look over 12 months though?

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.

Businesses Cautious on Borrowing, Curbing Late Payment and Regional Angel Investors – BFB 229

Posted on: October 6th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

A recurring theme in recent Bulletins has been emerging evidence of reluctance among small business to borrow and this trend is a highlight of the latest SME Finance Monitor Report. The report also reveals the top three issues which are of most concern to small businesses. Is access to finance still an issue?

Late payment has been another constant problem we have regularly featured in our Bulletins. In an effort to curb late payment the Government has called for thoughts from businesses on how it can tackle this problem. Do you have an idea to contribute?

To close this Bulletin, a look at a new £100m fund launched by the British Business Bank. With a large portion of angel investment focused on the South East, the Regional Angels Programme aims to improve access to early stage equity finance across the whole of the UK.

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.

Why Businesses Borrow, Small Business Confidence and Crowdcube Milestone – BFB 228

Posted on: September 29th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Of those businesses which borrow money, what do they typically spend it on? To open this Bulletin, we review findings from Liberis, the short term lender, when they posed this question to their clients. The feedback reveals a variety of uses for finance raised, however one reason given does flag up a potential area of concern in terms of business health.

We are undoubtedly in uncertain terms and the latest Federation of Small Businesses survey confirms this by revealing a dip in business confidence levels. The FSB’s recent quarterly Small Business Index highlights the feelings of uncertainty and also identifies other areas which are of concern to UK small businesses.

To close, thankfully some positive news! Crowdcube has announced that it has hit a milestone in terms of £1 million plus equity raises. The news shows that far from being suitable for small finance requirements, equity crowdfunding is meeting the needs of larger, more ambitious business owners.

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.

Mandate Fraud, Accessing Growth Finance and HSBC’s 2018 SME Fund – BFB 227

Posted on: September 22nd, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Financial fraud can be complex but sometimes a fraud can be relatively simple. We open our latest Bulletin with findings from research undertaken by RSM into the rising frequency of mandate fraud. What is it and what can you do to avoid being taken in by this fraud?

According to a new survey carried out by the British Business Bank, appetite among small businesses to grow is strong. We share how many are entrepreneurs are held back by a lack of awareness as to where to find appropriate finance.

To close, news from HSBC of the launch of its 5th SME Fund, which sets aside cash specifically for UK small businesses. We look at how the latest Fund has a particular focus on supporting smaller businesses who want to increase exports.

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.

Barclays and Marketinvoice, Company Insolvencies, and Business Borrowing – BFB 226

Posted on: August 4th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In recent Bulletins, we have shared news of various collaborations between finance providers. The latest is an announcement from Barclays Bank of a tie-up with online Invoice Discounting firm MarketInvoice. This is another example of Old World meets New World.

The most recent statistics to Quarter 2 2018 on company insolvencies has been released by the Insolvency Service. Not surprisingly, but not of any less concern, is the news that insolvencies are on the rise. What impact will the latest increase in Interest Rates have on those businesses already struggling?

To close this Bulletin, our monthly look at borrowing levels among small business. Once again, from the latest Bank of England and UK Finance figures, business owners still appear to be reluctant to borrow and instead are busy hoarding cash.

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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