Posts Tagged ‘sources of finance’

Small Business Finance Survey, Monzo Business Accounts and Finding Finance – BFB 245

Posted on: February 16th, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

We open our latest Bulletin with a look at findings from the annual Small Business Finance Markets survey carried out by the British Business Bank. The report confirms recent reports that small businesses seem reluctant to borrow with all types of finance options seeing flat or slower growth.

Good news for business owners from mobile-only bank Monzo with the launch of a business account later in the year. Find out how you could be one of 100 business who have a say in shaping the new account.

Finding finance can be a time-consuming task. To help speed up the process the National Association of Commercial Finance Brokers has announced a service to assist businesses source a finance broker in their locality.

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.

Borrowing to Grow, Barclays Midlands Growth Fund and Start Up Support from Nat West – BFB Epsd 204

Posted on: March 2nd, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

What would you do if you were able to borrow money for your business? This is a question posed by Liberis, the short-term cashflow lender, when it spoke to 200 small businesses. As well as revealing how funds would be spent, the survey also discovered how many small businesses are still confused about where to look for finance.

Businesses based in the Midlands are in for a cash boost with the announcement from Barclays of the creation of its £370m Midlands Growth Fund. If you are based in the Midlands, we look at how you could benefit.

To close this Bulletin, we have news of Nat West’s revised Entrepreneur’s Accelerator Programme. Delivered in hubs situated in 12 major cities across the UK, the programme is designed to help start ups in need of support, advice and mentorship. Could the programme help you get your business off the ground?

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.

Use of Invoice Finance and Asset-Based Lending on the Increase

Posted on: December 21st, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , ,
Posted in Business Finance News

business finance 2The invoice finance and asset-based lending sector is providing an increasing share of finance to UK businesses according to latest data released by UK Finance, the trade body for the finance industry.

The amount of money raised via invoice finance (a method of unlocking cash tied up in invoices) and other asset-based finance such as leasing and HP, is up 13% year-on-year. The total amount outstanding sits at just over £22 billion, which is the highest advances figure ever.

There are just over 40,000 UK business now using this form of finance, although this number has remained relatively static.

With the government focused on driving up UK exports, the exporting picture is particularly strong, with sales from clients through export invoice discounting facilities up 33% year-to-date, and export factoring up 11%.

UK Finance wants to see the government do more to encourage smaller businesses access funding via these sources. They are calling on the government to bring forward long-awaited legislation to give more smaller firms access to much-needed funding.

Many small businesses find themselves trapped by o-called ‘ban on assignment’ clauses, which are sometimes imposed by larger businesses on their smaller suppliers. This can restrict the finance options available to those supplier businesses. To address this, the UK Government is expected to bring forward revised Business Contract Terms (Assignment of Receivables) Regulations in the New Year.

Small Business Challenges, Finance Raising Feedback and Keyman Insurance Cover – BFB Epsd 179

Posted on: July 29th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Early signs are coming through that some small business owners are beginning to experience a downturn. To start this Bulletin, we review the latest survey from Bibby Financial Services as part of its regular SME Confidence Tracker series which sets out a number of challenges business owners say they are facing.

When it comes to raising finance how are businesses seeing the market place? This is the question posed by Hiscox Insurance when it spoke to 500 small business owners. The answers reveal that they are uncertain about where to look for finance outside of the main High Street banks.

Have you heard the term, Keyman Insurance? We take a look at why it’s important to protect key people in your business, so protecting you from any unforeseen events.

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.

Hire Purchase Made Easy, Business Confidence and Saying ‘No’ to Contracts – BFB Epsd 175

Posted on: July 1st, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

A popular source of finance to fund the purchase items such as plant and machinery is Asset Finance but businesses are often put off by its perceived complexity. In this Bulletin, we look at a new streamlined Hire Purchase application process launched by Hitachi Capital designed to make the task easier.

We live in uncertain times and this is demonstrated by the mixed messages coming out on business confidence. We review two recent surveys which demonstrate that that some businesses are buoyant about where they are now and the future, but others less so.

Savvy business owners know when to say ‘no’ to a new contract. That’s the finding from a recent survey which reveal three key reasons why a business would refuse to take on a piece of work. Are you confident enough to turn away work if it could potentially damage your finances?

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 Borrowing App, Bank Lending to SMEs and Borrowing from Family & Friends – BFB Epsd 150

Posted on: January 6th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

We start this latest Business Finance Bulletin by reviewing the launch of a new mobile banking service from Barclays which will allow its small business clients to apply for finance and, if accepted, receive funds within one hour.

We take our regular look at what the High Street banks are doing in terms of money lent out to business according to the latest statistics released by the Bank of England.

Family and friends are a popular source of finance amongst business owners mainly because of the ease with which funds can be accessed. However, new research has revealed how failure to pay back can cause relationships to breakdown. But to save the day we have details of a new Peer to Peer platform which can step in to ease the tension.

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.

Autumn Statement, Business Confidence and Regional Funding with Market Invoice- BFB Epsd 148

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

The recent Autumn Statement saw the Chancellor announcing two initiatives to assist growing businesses. In this Business Finance Bulletin, we look at support the Chancellor is giving to boost exports and of the additional funding granted to the British Business Bank for businesses in search of equity finance.

New research carried out by Axa Business Insurance reveals that small businesses remain relatively buoyant in 2016 but as we discuss, 2017 looks less certain.

We are seeing more finance schemes designed to get funding to businesses in certain geographical areas. In this Bulletin, we look at an announcement from Market Invoice of its tie up with the Leeds City Region Enterprise Partnership which will see up to £2 million available to Leeds-based business via invoice discounting.

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.

Asset Finance Boom, Stock and Cashflow, and More to do on Late Payment – BFB Epsd 147

Posted on: November 25th, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Whilst bank lending to businesses is slowly on the up, in this Business Finance Bulletin we look at the latest statistics from the Finance and Leasing Association which reveal that the Asset Finance sector is on a roll.

Carrying too much stock can tie up cashflow which can be better employed within the business. We look at research from the Asset Based Finance Association which highlights exactly how much cash SMEs have invested in unsold stock.

Another drain on cashflow is of course late payment. A new report from the Federation of Small Businesses is calling for more action on tackling the late payment endemic.

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.

Business Growth Fund Investments, Retail Sector Late Payers, & Cashflow Forecasts – BFB Epsd 146

Posted on: November 18th, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

As the Business Growth Fund celebrates its 5th birthday, in this episode of the Business Finance Bulletin, we look at the level of support it has been giving growing businesses in need of finance.

Late payment affects many small businesses, but a new report from Ormsby Street sheds light on which business is the worst late payer out of all the High Street retailers. If you supply this business, then you need to manage your cashflow very carefully.

Staying with cashflow, we look why actively planning your cashflow requirements is important, especially with the year-end approaching.

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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