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How alternative lenders could drive SME growth in UK

clock March 19, 2013 07:00 by author Sean Albert
When the global recession hit in 2008, small and medium-sized enterprises (SMEs) were among the first to suffer. Banks determined that lending to SME​s represented too big a risk without the potential for receiving huge returns.As with most Western countries, having thriving smaller companies is a key component of success for the British econ... [More]

SME confidence in banks still lagging in UK

clock March 14, 2013 07:00 by author Sean Albert
A recent SME Finance Monitor survey, published by the Business Finance Task Force, revealed that British small and medium-sized enterprise (SME) owners saw their confidence in receiving bank loans increase in the fourth quarter of 2012 - to a still-woeful 43 percent. "It's a play-it-safe kind of economy for small businesses," PayNet founder Bill Ph... [More]

As UK bank loans decline, asset lending can help struggling businesses

clock March 12, 2013 09:30 by author Sean Albert
The Bank of England recently released a report about lending, and any hope that the Funding for Lending Scheme (FLS) was on the verge of picking up was shattered.After modest increases in August and September, net short term lending declined again, according to the report."It is pretty clear that the FLS is not living up to expectations," said Mich... [More]

Commercial small business lending declining, prompting alternative methods to grow

clock March 8, 2013 13:15 by author Sean Albert
Small businesses have seen loan availability fluctuate in recent years, and a recent report by Reuters found January to be on the negative side. "It's a play-it-safe kind of economy for small businesses," PayNet founder Bill Phelan said in an interview. "They are not getting pulled in by the cheap credit and extra money floating around. They are co... [More]

Report: Bank lending continues declining in UK

clock March 5, 2013 07:00 by author Sean Albert
The United Kingdom's small and medium-sized business (SMB) sector has been hit hard over the past few months. After receiving hints of good news recently, the mood turned dark again, particularly with regard to short term lending. "It is clear that Funding for Lending (FLS) is benefiting the mortgage market more than the small business sector," sai... [More]