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UK government dishing out funding to alternative lenders

clock March 27, 2013 09:30 by author Simon Williams
The Bank of England's Funding for Lending Scheme (FLS) has been widely criticized in recent months, with experts and analysts declaring that it failed to spark small and medium-sized enterprise (SME) growth.Determined not to let the FLS initiative fail after investing £80 billion in the project, the government is increasingly looking toward o... [More]

PRBC scoring methods makes alternative lenders ideal for SMEs

clock March 26, 2013 07:00 by author Simon Williams
Investment levels are 10 percent below where they were in 2008, according to the Financial Times, and the debate over the causes of the dried-up lending market in the United Kingdom rages on.Businesses are blaming the lack of available funding, banks claim there isn't much demand and nearly everyone holds the failed Funding for Lending Scheme at le... [More]

New UK plan to lean on alternative lenders

clock March 25, 2013 13:15 by author Simon Williams
In the past, small and medium-sized enterprises (SMEs) relied exclusively on banks and other financial institutions to secure loans. While that worked for awhile, they paid dearly when the recession hit in 2008."Inadequate access to finance for small and medium-sized enterprises is one of the biggest risks to economic recovery," said Vince Cable, t... [More]

Alternative lending: Ideal for different types of business needs

clock March 22, 2013 12:00 by author Simon Williams
In the United Kingdom, small and medium-sized enterprises' (SMEs) need for funding has reached a dire status. The Bank of England's Funding for Lending Scheme (FLS) has, at least to this point, been a bust, with net lending dropping £2.4 billion year over year."It is pretty clear that the FLS is not living up to expectations," said Michael Sa... [More]

Bank lending drying up in UK, so alternatives emerge as viable option

clock March 22, 2013 07:00 by author Simon Williams
What little hope remained that the Funding for Lending Scheme (FLS) would revive the British economy has largely flattened in recent weeks, as varying reports have revealed that short term lending by banks has dried up."It is the Bank's drive to raise capital ratios that is holding back lending," said James Barty, author of a recent report by the P... [More]