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Alternative lending helping UK SMEs grow

clock June 10, 2013 14:13 by author Simon Williams
Entrepreneur Norman Perera opened a dry cleaner in October 2012. Despite the United Kingdom's sluggish economy, he was ready to open up a second location very quickly, This Is Money reported.Although his company experienced immediate success, no financial institution was willing to lend to Perera. "The banks just don't want to know if you are a you... [More]

British SME sector should take lessons from abroad

clock June 10, 2013 14:13 by author Simon Williams
The United Kingdom's small and medium-sized enterprise (SME) sector has reported slight gains in recent months, in areas like sales and short term lending - but not everyone thinks the signs are all good. "Given the weakness of the economy, this simply doesn't stack up and could suggest the worst is yet to come," said Stewart Baird, director of Sto... [More]

Alternative lending: The real 'silver bullet' for SMEs

clock June 10, 2013 14:13 by author Simon Williams
When the Bank of England first launched the Funding for Lending Scheme, officials were declaring that it would help get the small and medium-sized enterprise (SME) sector back on track.My, how things have changed in a hurry.The BoE recently tweaked the FLS initiative and extended it into January 2015. This time, however, no one is predicting whethe... [More]

Alternative financiers becoming the norm for British SMEs

clock June 10, 2013 14:13 by author Simon Williams
The Bank of England seems intent on making the Funding for Lending Scheme (FLS) work.Business Secretary Vince Cable is convinced that the small and medium-sized enterprise's (SMEs) revival is the key to sparking the British economy as a whole. However, SMEs have been hurting for cash during the recession largely because banks and financial institut... [More]

Online resources driving British SMEs away from banks

clock June 10, 2013 14:13 by author Simon Williams
If British banks thought they had small and medium-sized enterprises (SMEs) in their back pocket, they appear to have overplayed their hand. Spurred by the internet, SMEs are continually turning to alternative sources of funding. "It's no secret that small businesses have struggled for access to finance from banks and now peer-to-peer lending platf... [More]

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