Banks will need help from alternative lenders to spark SME sector growth

May 07, 2013 Simon Williams

Banks will need help from alternative lenders to spark SME sector growth

Vince Cable, business secretary of the Bank of England, doesn't seem ready to give up on the Funding for Lending Scheme. Even though it's failed to make any measurable difference for small and medium-sized enterprises (SMEs) since it was launched


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Peer-to-peer lending: One of many alternative lending methods on the rise

Apr 10, 2013 Simon Williams

Peer-to-peer lending: One of many alternative lending methods on the rise

Glynoch Community Regeneration, a group of residents in a small town in Wales, was having a hard time securing the £790,000 it needed to build a new community center. The organization had received 94 percent of the necessary funding from


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Rise of alternative lenders might be contributing to declines in British bank loans

Apr 05, 2013 Simon Williams

Small and medium-sized enterprise (SME) owners in the United Kingdom might be slowly regaining their confidence, but British banks have had very little to do with that. A recent Bank of England study revealed that since the launch of the Funding


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Consumer lending initiatives may start to fund SMEs

Apr 05, 2013 Simon Williams

The Bank of England recently released survey results that put yet another damper on the already unsuccessful Funding for Lending Scheme (FLS). "The BoE data . . . suggest that credit and housing remain weak, and


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Alternative lending will be key for British economy's revival

Apr 04, 2013 Simon Williams

The United Kingdom's small and medium-sized enterprise (SME) sector has suffered from a dilemma familiar to most Western countries during the recession: an extreme lack of available funding. Bank lending to SMEs has all but dried up, despite


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