The announcement was made at the Federation of Small Businesses’ (FSB) during Vince Cable’s keynote address held in the Leicester City Curve theatre. Three new lenders: Beechbrook Capital, Market Invoice, and Urica will share over £30m out of the Government funding that will help small firms find other ways to get financing outside of traditional bank . . . → Read More: Vince Cable has launched a new £70m SME lending scheme
A new scheme in Northumberland will help small businesses thanks to a new support package of over £1 million aimed at helping out new and upcoming companies that may need this funding to get started. The new package launched by North East Rural Growth Network, an organisation overseeing such grants, will allow any business with ten . . . → Read More: Northumberland scheme offers funding to new SMEs
If you are thinking about expanding your business then you need to feel confident that you are going to be able to get funding for your growth needs. However, it can be hard to feel confident with the lending market in the state that it is in.
Head of products and pricing for Lloyds TSB Commercial, Andy . . . → Read More: EFG scheme set to give SMEs the help they need to grow
A recent study that has been released by HSBC has shown that small and medium-sized companies in the UK are still continuing to look for opportunities overseas. The study showed that around 40 percent of these companies are looking to increase the trade they are doing outside of the country. The study also showed that of . . . → Read More: HSBC survey shows SME’s still seeking opportunities overseas
The government has been told that it needs to boost alternative sources of capital, such as private placements of debt and pooled loan funds if it is to be able to plug the shortfall in credit that is being faced by SMEs. This is expected to have risen to around £190bn by 2016.
Tim Breedon is the . . . → Read More: SMEs still struggling to secure financing
The SME Finance Monitor is a survey that looks at how available funding is for small and medium-sized enterprises.
It recently came to the conclusion that at the end of last year, the vast majority of businesses that apply for finance with banks were approved.
The survey showed that around 80 percent of applications for overdrafts were approved . . . → Read More: Majority of SMEs who apply for funding from banks are approved