Tag

SME lending

News

Recovery loan scheme to be extended for six months

Take-up of the scheme has not been as strong as expected, mainly because of more onerous credit decisions

Alternative finance

Forward Advances wants to lend £250m to small businesses by 2023

Forward Advances is the latest merchant cash advance provider to enter UK market alongside PayPal, eBay and Clearbanc

Small Business Banking

Small business banking dispute service costs £23m to set up

Business Banking Resolution Service hopes to pay out first damages to small businesses by summer

Business Loans

Small businesses have average of just £9,000 left from Bounce Back Loan

Majority of small businesses expect what’s left from their COVID-19 Bounce Back Loans to run out by end of September

News

Business Banking Resolution Service opens doors in November

Business Banking Resolution Service will investigate disputes between high-street banks and SMEs going back to 2001

Small Business Banking

B-North plans to lend £1bn to small businesses within four years

New small business lender B-North to rebrand as Bank North if banking licence is approved within weeks, lending an initial £50m to SMEs to test the water

Business Loans

Treasury pushes to double bounce back loan repayment period to 10 years

Banks resistant to extending bounce back loan repayment period because it creates more work and credit risk for them

Business Loans

City grandees call for small business Covid debt to be turned into tax owing

Government should convert £35bn worth COVID-19 debt gone bad into tax owing to save nearly 800,000 SMEs from going under, say 200 financial experts.

Blog

Why Britain’s SMEs need a proper small business bank

The British Business Bank does not live up to its name and is not fit for purpose, argues Greg Taylor. What SMEs need is a proper nationwide small business bank

News

Nearly 1m businesses on brink of collapse, warn accountants

Over 800,000 small businesses are within four weeks of going bust, unable to get hold of promised coronavirus emergency bank loans

Business Loans

What documents do you need when applying for a business loan?

Various lenders require different business loan documents. Adam Parker ticks off his business loan checklist

Small Business Banking

Cashplus plans to lend £400m to small business from next year

Cashplus aims to have a 10pc market share of all new UK business accounts by 2024, with nearly 100,000 business customers already

Partner content

How to prepare for business growth in 2022

The team at Funding Options explain how to prepare for business growth in 2022

Partner content

Tide to empower small businesses to optimise cash flow with insights tool

Tide is introducing a Cashflow Insights tool to help small businesses mitigate delays in payment and improve their credit score

Partner content

Business Current Account Masterclass

Tune into the Masterclass from the Current Account Switch Service to find out why you should switch your business account pronto

Partner content

How should I select my business broadband provider?

As with any supplier, it’s important to do your research and ask important questions before you select a broadband provider for your business. But what are the must-have things you should take into consideration?