Small Business Banking

Articles, news and advice on small business banking topics.

News

Small business owners hoard cash in current accounts ahead of Brexit

Upcoming research reveals that small business owners are increasing the amount of cash they're setting aside in preparation for October 31st.

Small Business Banking

Government mulls small business funds to limit impact of no-deal Brexit

Andrea Leadsom and Michael Gove expected to meet bankers on Thursday to urge them to keep small business loans flowing in event of hard Brexit

Alternative finance

Four fintechs share £40m funding pot to boost small business finance

Iwoca, Atom Bank, Currencycloud and Modulr all pledge to address £10bn funding gap for small business trying to raise finance

Small Business Banking

Revolut launches free accounts for freelancers and small business

Digital challenger bank is mainly used by tech start-ups with staff who either travel abroad a lot or are paid regularly in international currencies and want to avoid punishing foreign exchange fees

News

KPMG urges SMEs to speak to banks before shock of no-deal Brexit

Small business should speak to their banks now about shoring up overdrafts and loans as threat of no deal moves closer, says KPMG

Small Business Banking

Co-Operative Bank offers new business customers 2½ years’ free banking

Co-Operative Bank offers new small business customers 30 months' free banking in bid to double SME market share

Financing

British Business Bank increases small business support by 27pc

Government economic development bank supported over 89,000 start-ups and scale-ups with £6.6bn of finance in 2018-19 - an uplift of 27pc

Small Business Banking

Barclays rapped by UK watchdog over way it treats small business

Barclays has been censured by UK watchdog over its treatment of small businesses. Bank made smaller firms open account to access other products, says regulator

Small Business Banking

Virgin Money aims to increase SME banking market share by 40pc

Newly rebranded Virgin Money plans to have 300 relationship managers working in 40 businesses banking centres across Britain

Small Business Banking

NatWest doubles its Growth Fund pot for small businesses to £6bn

Growth Fund has already deployed nearly £3bn of initial funding pot, with 30% deployed to green businesses

Small Business Banking

Challenger and digital banks secure new funds to help small businesses

New banks have beaten larger players to secure funding from RBS to help small businesses across the country to grow

Small Business Banking

Interview with David Beaty, UK head of business banking at HSBC

We talk to HSBC's UK head of business banking about the structure of the bank's SME services, how Brexit is encouraging positive export intentions and the relationship today's customers seek with their bank.