New UK plan to lean on alternative lenders

Mar 25, 2013 Simon Williams

New UK plan to lean on alternative lenders

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


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Alternative lending: Ideal for different types of business needs

Mar 22, 2013 Simon Williams

Alternative lending: Ideal for different types of business needs

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


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

Mar 22, 2013 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


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How alternative lenders could drive SME growth in UK

Mar 19, 2013 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


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SME confidence in banks still lagging in UK

Mar 14, 2013 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


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