MarketInvoice has updated its name to MarketFinance. The fintech business lender established in 2011, has provided over £2.6 billion in lending to thousands of UK businesses. Using its proprietary technology and risk engine, coupled with a personalised service to enhance the lending experience, MarketFinance has enabled businesses to seamlessly access credit lines to suit their…
LendInvest has hired a new Director of Mortgage Underwriting, and further expanded its regional sales team with a second business development manager for the North West. Gene Clohessy joins the team as Director of Mortgage Underwriting. Clohessy previously worked for a range of banks including Bank of Ireland, Allied Irish Banks, and most recently Shawbrook…
Business finance company MarketInvoice, has launched a new specialist team to provide finance facilities for Britain’s larger businesses. Having provided over £2.6 billion in invoice finance and business loans since 2011 to UK SMEs, MarketInvoice is now turning its attention to the larger businesses (turnover up to £50m), estimated to be a £13b finance market,…
Business lenders Ultimate Finance and Bibby Financial Services (BFS) has announced its support for the Business Finance Council’s SME Finance Charter, in a bid to improve access to finance and help for businesses during Brexit and beyond. The Charter provides a framework for financiers to outline specific commitments to SMEs in relation to preparing for…
SMEs are least likely to invest in their businesses during the remainder of 2019 according to the latest Global Business Monitor from Bibby Financial Services (BFS) and trade credit insurer, Euler Hermes. The report offers insight into the opportunities and threats faced by SMEs worldwide, based on a survey of businesses across 13 regions, with…
Small firms are calling on the Government to secure a Brexit deal and come forward with radical policy interventions to arrest a dogged lack of confidence among business owners as new FSB research shows rising costs and uncertainty increasingly taking their toll.Its SBI confidence measure stands at -8.1 in Q3 2019, down more than six…
The second Commercial Credit & Collection conference has been confirmed as Thursday 23rd January by the organiser Credit Connect Media. The event will once again be hosted in partnership with CVR Global and Aon. The conference will tackle issues across the full life-cycle of business credit and collections. The conference series also aims to provide…
Research from alternative finance provider, Nucleus Commercial Finance has revealed that more than half (52%) of UK SME owners have business ambitions they feel they are unable to fund. According to the latest research, it’s business owners in the capital who are struggling the most to match their ambitions, with over over three-fifths (61%) of…
Alternative finance provider, Liberis Finance has announced a facelift, launching a new identity and website The company says the logo has been simplified with a more professional look and feel, with a vibrant colour palette that better aligns to a customer expectation of a business that is modern and innovative, and that takes a fresh…
Irish SMEs drew down €1.4 billion in loans from Irish banks over Q2 2019, an increase of €147 million on the same period of 2018. SMEs in the property sector accounted for the largest share of new drawdowns at 36 per cent, followed by SMEs in the wholesale/retail trade and agricultural sectors; accounting for 12…