Tag

SME lending

Funding

Government launches Business Finance Council to help small businesses

Business secretary Andrea Leadsom will co-chair Business Finance Council to help small business access working capital and investment in post-Brexit Britain

Alternative Finance for Business

ThinCats to lend £400m to growth companies by end-2020

ThinCats, the growth business lender, targets scale-ups it feels are ignored by other lenders including high-street banks and fintechs

Alternative Finance for Business

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

Banking

B-North to open national small business bank by end-2020

B-North plans to open network of eight offices across England, combining face-to-face lending with cutting-edge technology

Alternative Finance for Business

Esme wants to be lending £1bn a year to small business within few years

NatWest’s digital lending platform wants to increase its SME lending tenfold as it nears £100m lent to date

Alternative Finance for Business

How does asset-based lending work in the UK versus peer-to-peer?

Peer-to-peer lending might be tightening up, but asset-based lender IGF has increased its lending 39pc year on year

Alternative Finance for Business

Growth Street plans to lend £1bn to companies by end-2022

Growth Street plans to have £1bn out on loan to small businesses in attempt to plug £18bn funding gap left by high-street banks.

Alternative Finance for Business

Julie Ashmore, Growth Street Q&A: ‘We want to transform the overdraft.’

Growth Street has lent more than £100m to growth businesses since the fintech platform launched in 2014. However, commercial director Julie Ashmore says Growth Street has its own plans to grow

Alternative Finance for Business

Funding Circle urged to tighten lending criteria to small businesses

Small businesses that find borrowing money hard will find it even harder, as Funding Circle restricts credit

Banking

Barclays business CEO worries SME lending bubble could burst

Barclays business banking CEO Ian Rand fears growing SME lending market could see a Wonga-style collapse if fintech lending criteria are not rigorous enough

Banking

Q&A Ian Rand, CEO of Barclays Business Banking

The head of Barclays Business Banking says that small business owners value the human element just as much as the latest banking app

Banking

OakNorth offers mortgages to small business entrepreneurs

Challenger SME bank OakNorth aims to close £260m worth of mortgages by year-end as high-street banks are hamstrung by lending criteria