International SME funder, Bibby Financial Services (BFS) has seen global client turnover grow by almost a third year-on-year as SMEs around the world start to recover from the Covid-19 pandemic.  Client turnover or debts factored, increased by 32 per cent from £1.8 billon in Q2 2020, to £2.4bn in the second quarter of 2021. This…

Loans were taken out by small businesses to cover workforce costs spiked from 1% in March 2020 to 14% in April 2020, according to analysis by CapitalBox. CapitalBox research also found that 34% were unable to reinvest in their business to survive, 25% were unable to pay their employees whilst 25% turned down work. SMEs…

Demand for unsecured finance from SMEs is on the rise, according to iwoca’s quarterly SME Expert Index of UK brokers. The index, which covers a four-week period in May, found that over a third (38%) of brokers had submitted more lending applications for unsecured finance compared to the four weeks prior to that, suggesting that…

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 106% in May 2021 compared with the same month in 2020. In the first five months of 2021, new business was 26% higher than in the same period in 2020. The…

Cash management specialist, Loomis and NatWest are rolling out a same day credit solution nationwide following a successful pilot which will allow businesses to deposit cash returns and receive credit to their account without leaving their premises. Driven by technology, same day credit uses Loomis’ connected smart safe, SafePoint, to scan and sort notes at…

New research from Metro Bank has shown that only four in ten (39%) SMEs have witnessed an increase in revenue since the easing of lockdown on 17th May. With the Government’s 100% business rate relief ending on 1st July, many small businesses are calling for an extension to the deadline The 100% business rate relief…

HMRC has launched 12,828 investigations into the use of the Government’s pandemic-related business support schemes, looking into potential fraud and other non-compliance with rules. Analysis by law firm BLM shows there were 7,384 investigations related to the job retention scheme, 5,020 linked to the self-employment income support scheme and 424 related to Eat Out to…

Credit Connect’s hosted its first-ever Online Commercial Credit & Collections Conference last week which saw trade credit, insolvency, business change and technology discussed by eighteen leading credit, collections and insolvency professionals. Commenting on the event, event panel speaker Liam Bell. Director at Memery Crystal said “As a solicitor, it is easy to get caught up…

Swoop Funding has announced a partnership with BNP Paribas Asset Management which will enable it to offer unsecured loans of up to £5 million to SMEs. Swoop says that its offering fills a gap in the market for SMEs that need to secure debt funding to support growth without having to provide collateral. These loans…

Figures from the British Business Bank and Beauhurst show that investment in UK small businesses hit a record high last year, with equity investment up 9% to £8.8bn. SMEs continued to draw investment in Q1 2021, with £4.5bn raised in the first three months of the year. Catherine Lewis La Torre, CEO, British Business Bank,…

1 2 3 57