Responding to the 2017 Autumn Budget, Mike Cherry, Federation of Small Businesses (FSB) National Chairman, said “With costs rising and consumer demand flagging, small firms will welcome today’s business-friendly Autumn Budget. It was good to see the Chancellor’s speech acknowledge our concerns about the VAT threshold. Dragging thousands of more small firms into the hugely…

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) fell by 6% in September, compared with the same month last year. In Q3 2017, new business fell by 2% compared with the same quarter in 2016. While new finance for business equipment grew…

MarketInvoice has expanded its mission in the business finance space by launching business loans today. This will complement their suite of invoice finance solutions, allowing them to better service the working capital needs of UK businesses. The launch announcement comes as MarketInvoice rebrands, representing its evolution into a business finance company. Businesses will now be…

Ashley Finance have appointed Dawn Trustam as its new Sales Director. Trustram had previously worked at Funding 365 as a Business Development Manager  for just under two years, where she was responsible for managing the whole of England and Wales. She has also worked as a Business Executive, supporting four external BDM’s and specialising in all aspects of…

As speculation grows that the Bank of England Policy Committee (MPC) will increase interest rates at its next meeting in November, the ICAEW is advising businesses to be prepared following over 8 years of historically low rates of 0.5% and, since the Brexit vote,  0.25%. Matthew Rideout, ICAEW Director of Business, said: “Many businesses have…

Peer to peer lender RateSetter and information services company Experian have announced a new partnership which aims to help RateSetter make good credit decisions as it grows its commercial finance operation. RateSetter investors have lent more than £2 billion to a diverse range of individuals and businesses across the UK since the platform launched in…

Nearly half (44%) of SMEs have never checked their company’s credit score, according to research from RateSetter Business Finance. Credit scores are used by lenders to determine whether businesses have a good track record of repaying debt, and are therefore one of the key factors affecting an SME’s ability to get a loan. Credit reference…

Alternative finance provider, Reward Finance Group has appointed Gemma Wright as Commercial Director with the responsibility to prepare the business for its next stage of development. Wright previously spent more than 17 years with RBS where she became director of Invoice Finance with responsibility for leading a number of sales teams across the North. Nick Smith,…

Online business lender Spotcap has issued more than €120 million in credit lines to small and medium-sized enterprises (SMEs). Jens Woloszczak, Spotcap Founder and CEO: “We’ve experienced significant growth over the past three years, which is a testament to the fundamental need SMEs have for flexible and accessible financing. With close to 60 percent of…

Business Peer to Peer lender ArchOver has revealed that it has nearly doubled its overall lending in the first nine months of this year. Since January 2017, total lending over the platform has reached £21.39 million, bringing the cumulative total that ArchOver has lent to date to over £48 million. Proving that the appetite for P2P…

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