Posts Tagged ‘UK Finance’

What’s Ahead for Small Businesses, New Lenders and Updates on Bounce Back Loans and CBILS

Posted on: June 22nd, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Starting this week’s Bulletin, with businesses either back trading or gearing up to open the doors, we look at surveys from Aldermore Bank and UK Finance which reveal how businesses see the next 12 months in terms of borrowing and growth.

The British Business Bank announces accreditation of more new lenders on the Bounce Back and CBILS loan schemes. Are we at the stage where there are enough on the panel of lenders?

To close, we review the latest figures on the two loan schemes and consider why the number of unsuccessful CBILS applications remains stubbornly high.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Google, Spotify, Stitcher or itunes channel.

Business Finance Bulletin · What’s Ahead for Small Businesses, New Lenders and Updates on Bounce Back Loans and CBILS

CBILS Progress Update, Bounce Back Loans Launched and Business Changes – BFB 298

Posted on: May 11th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , ,
Posted in Business Finance Bulletin

Opening this week’s Bulletin, we take our regular look at how the Coronavirus Business Interruption Loan Scheme is performing and how the approval rate is on the rise.

The Bounce Back Loan Scheme has been launched and we look at how some banks have been better than others in terms of their processes.

Wrapping up the Bulletin, with firms now planning ahead what changes are they planning to make to the way they do business?

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Spotify, Stitcher or itunes channel.

CBILS Update, Business Confidence and Entrepreneurial Aspirations – BFB 297

Posted on: May 4th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

We open this Bulletin with an update on the CBILS performance. How are the accredited lenders doing in terms of getting money out to businesses in need of support? Will the launch of the Bounce Back Loans help those businesses which failed to access funding under CBILS?

We look at surveys carried out by Lloyds Bank and Hitachi Capital Business Finance which, not surprisingly, reveal that business confidence has taken a severe knock over the last two months.

To close, on a positive note The Pitch, the start up competition organiser, finds that some people are now turning their thoughts to starting a business.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Spotify, Stitcher or itunes channel.

Business Finance Bulletin · CBILS Update, Business Confidence and Entrepreneurial Aspirations – BFB 297

Business Interruption Loans Increase, Government Start Up Support and COVID Economic Impact – BFB 296

Posted on: April 27th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Kicking off this Bulletin, we look at the latest Coronavirus Business Interruption Loan Scheme update from UK Finance which, following a slow start, reveals that the number of loans distributed is now picking up.

One gap in CBILS eligibility has been support for start ups and pre-revenue/pre-profit innovation-focused firms. We review the announcements of a variant of the support scheme for innovative firms and funding specifically for start ups.

Closing the Bulletin, we step back and look at reports on the early economic impact of the Coronavirus. What steps are businesses taking to safeguard their future?

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Spotify, Stitcher or itunes channel.

Business Finance Bulletin · Business Interruption Loans Increase, Government Start Up Support & COVID Economic Impact – BFB 296

Fraud Prevention, Brexit Preparation Support and Starling Bank Online Portal – BFB 270

Posted on: September 30th, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Banking fraud continues to be on the rise. To open this Bulletin, we share findings from UK Finance on the level of frauds reported in the first half of 2019. From the perspective of businesses, we look at how you can avoid being the victim of Authorised Push Payment scams.

With Brexit inching ever closer, how prepared are small businesses? We look at a survey from the FSB revealing the state of preparedness of businesses which say they would be negatively impacted by a no-deal Brexit. We also have news from Barclays on a number of Brexit roadshows they are hosting in October and November.

Finally, a look at Starling Bank’s announcement that they are launching an online web portal for their business customers to complement their mobile banking app.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Spotify, Stitcher or itunes channel.

Invoice Fraud Awareness, Barclays Brexit Fund and Assetz Capital Commercial Mortgages – BFB 251

Posted on: March 30th, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

After featuring the rise in occurrences of invoice fraud only two Bulletins ago, we open our latest episode with findings from a new survey which demonstrates how this fraud is now grabbing headlines. The UK Finance survey reveals a high lack of awareness of this fraud and how it works. Could you spot whether your money is potentially at risk?

As the uncertainty around Brexit continues, we look at news from Barclays Bank of the launch of its Brexit fund. Designed to provide financial stability, the fund is focused on supporting businesses in all stages of development.

To round off this week’s Bulletin, a new commercial mortgage product has been released by peer-to-peer lender Assetz Capital. The mortgage has been crafted to address the need of commercial property owners and investors who need to move quickly to secure a deal.

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.

Robert Owen Community Bank, Finance Innovation and Brexit Finance – BFB 247

Posted on: March 2nd, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

The Enterprise Finance Guarantee Scheme has been a successful programme to help businesses access finance when they have no security. To open our latest Bulletin, news that ethical lender Robert Owen Community Banking Fund has joined the list of lenders offering access to business finance via EFG.

Following the government’s bailout of RBS in the aftermath of the credit crunch, the first recipients of an RBS-financed £775m fund has been announced. The fund is designed to promote and improve competition in the small business finance market. We look at the first three banks to benefit and their plans.

With Brexit looming, we close with the announcement from UK Finance of a new initiative, ‘Let’s Talk Business’. The campaign is focused on encouraging businesses to engage early with their banks if they are likely to need finance.

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 Basics Fund, TSB Lending Pledges and Business Borrowing Appetite – BFB 243

Posted on: February 1st, 2019 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

When compared to the UK’s country peers, we are not as productivity as other economies. To open this week’s Bulletin, we have news of the launch of the Government’s Business Basics Fund. The fund is open to bids from businesses which have ideas to help close the UK productivity gap but need finance to develop them.

The reputation of the High Street banks took a hit post Credit Crunch and to counter this, TSB has committed to a series of Lending Pledges. We take a look at the six pledges and how they are designed to reassure the bank’s business customers that they will be treated fairly.

To close this Bulletin, continued evidence coming out of how business owners remain reluctant to borrow and conditions remain tough. The latest figures from UK Finance reveal a contraction in business borrowing and other indicators show that the general trading environment remains challenging.

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.

Funding Circle Boost, Business Borrowing Appetite and Alternative Finance Growth – BFB 237

Posted on: December 1st, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

To open this edition, we look at the announcement from Funding Circle, the business peer-to-peer lender, that the British Business Bank is to provide £150m for on-lending to UK small businesses. This second tranche of from the bank is set to support approximately 2,000 businesses.

The latest figures from UK Finance, the banking industry’s trade body, reveals that small business appetite to borrow is still on the wane. The fall in borrowing from the banks has tuned into businesses seemingly hoarding cash with a jump in amount of money held on deposit.

To close, positive news in a recent report by the Cambridge Centre for Alternative Finance which points to a continued rise in lending provided by the alternative finance sector. But it’s not only the supply of debt on the rise; equity facilitated by specialist platforms has also seen an increase.

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.

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