Asset based finance to businesses grows by 13% in a year to £22.2 billion

13th March 2017 Commercial Credit Management |

Asset based finance to businesses is up 13% since last year, hitting an all-time high of £22.2 billion, rising from £20.6 billion the previous year, says the Asset Based Finance Association (ABFA), the body representing the asset based finance industry in the UK and the Republic of Ireland. The ABFA says that a key driver…

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SMEs unaware of alternative funding options

21st February 2017 Commercial Credit Management |

Small and medium-sized enterprises (SMEs) are missing out on an opportunity to fund their business more effectively because they lack information about the benefits of asset based lending, a new study from Close Brothers reveals. Its research suggests many SMEs are sticking with inflexible and often unobtainable forms of credit because they aren’t aware of…

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Asset finance grew by 5% in 2016

13th February 2017 Commercial Credit Management |

Latest figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 5% in 2016 – the sixth consecutive year of growth. New business in December 2016 fell by 13% compared with the same month in 2015. New business in the commercial vehicle finance…

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FLA asks for “more user-friendly regulatory system” from the FCA

27th January 2017 Commercial Credit Management |

The Finance & Leasing Association (FLA) has called for a more user-friendly regulatory system from the Financial Conduct Authority (FCA), in its response to the regulator’s ‘Future Mission’ consultation. Fiona Hoyle, head of Consumer and Mortgage Finance at the FLA, said: “Consumer credit firms now account for at least 35,000 of the 56,000 regulated by…

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13% growth for asset finance in November

13th January 2017 Commercial Credit Management |

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 13% in November, compared with the same month in 2015. The plant and machinery finance and business equipment finance sectors reported new business up in November by 18% and 33% respectively,…

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Billions written off by UK businesses each year

23rd August 2016 Commercial Credit Management |

http://www.cityam.com/248074/small-businesses-lost-6bn-last-year-not-chasing-bad-debts

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Santander to launch leasing product for consumers and businesses

3rd July 2016 Consumer Collections |

Santander Consumer Finance UK (SCF) product to be sold through brokers and dealerships

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Leasing Foundation appoints Carl D’Ammassa of Aldermore to its board

Other new appointments to the board include Mike Randall, Jo Davis (Locke Lord), Fran Watson (Siemens Financial Services), Gavin Wraith-Carter (Hitachi Capital Business Finance), Gabriele D’Uva (GE Capital) and John Chadwick (Acquis Insurance Management).

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