Tag: Business Lending

Banks continue to hinder SME Growth report claims

Posted on 14 March, 2014 by Kirsten Kennedy under Business News

Small businesses have increasingly begun to turn to alternative lenders rather than traditional banks of late, largely due to the fact that banks remain wary of lending after the fallout of bad loans resulting in the financial crisis of 2008. While the... Read More

Credit Conditions for SMEs Improve in Fourth Quarter

Posted on 14 January, 2014 by Kirsten Kennedy under Business News

According to the latest report released by the Bank of England, the availability of credit for the corporate sector increased in the last quarter of 2013, sparking hopes that more companies will be able to take advantage of a fortuitous financial climate in... Read More

Will SMEs Continue to Experience Cash Flow Problems in 2014?

Posted on 1 January, 2014 by Kirsten Kennedy under Business News

2013 was an extremely positive year for small business growth in the UK, with a record number of entrepreneurs launching companies and experiencing success. However, while SMEs were able to reap the benefits of a more receptive economic environment, many... Read More

Business Bank HQ to Move to Sheffield

Posted on 4 December, 2013 by Kirsten Kennedy under Business News

Business start-ups have become key driving forces behind the growth of the UK economy, with the latest Entrepreneurs Index revealing that more than 90,000 new businesses were established during the first half of 2013. Business Secretary Vince... Read More

RBS Small Business Lending a Failure says Report

Posted on 8 November, 2013 by Jodee Redmond under Business News

Royal Bank of Scotland (RBS) has been told that its system for lending to small businesses needs a complete overhaul after a report found major defects in the way it deals with SMEs. Sir Andrew Large, a former Deputy Governor of the Bank of England,... Read More

Confidence regarding access to Growth Funds Rises among British Firms

Posted on 26 September, 2013 by Kirsten Kennedy under Business News

As a result of the financial crisis, British businesses have struggled to obtain the finances needed to grow from traditional high street banks. However, it appears that a combination of improved confidence in the banking sector and a plethora of alternative... Read More

Almost Half of Small Business Loan Applications Rejected by Banks

Posted on 10 September, 2013 by Kirsten Kennedy under Business News

SME lending has become a hugely contentious issue in the UK this year. On one hand, the government does not believe that sustainable growth can be achieved without small firms accessing the funds they need to expand, but on the other the banks remain wary... Read More

Nationwide puts Brakes on SME Lending

Posted on 29 August, 2013 by Kirsten Kennedy under Business News

It is reported that Nationwide, one of the UK’s largest building societies, has made the decision to delay the launch of its SME lending programme. Vince Cable is critical of the 'Capital Taliban' According to the Financial Times, this decision was... Read More

RBS to Launch Review of Small Business Lending

Posted on 4 July, 2013 by Kirsten Kennedy under Business News

Since the banking crisis brought the issue of bad lending to light, banks have become increasingly wary of signing off on loans to small businesses. And while lending has gradually increased in recent months due to governmental pressure on the UK’s largest... Read More

Lack of Lending Forces Small Business to Turn to Manufacturers

Posted on 24 April, 2013 by Kirsten Kennedy under Business News

When the economic crisis led to full-scale recession in the UK many blamed the banks for the situation, claiming the larger chains had ushered in a culture of reckless lending and irresponsible investment. The taxpayer was forced to bail out chains... Read More