Due to the coronavirus outbreak, business lender Spotcap has today announced that it has stopped assessing new loan applications in the UK for the time being. Businesses that currently have a loan with Spotcap won’t be affected by this decision, while Spotcap’s partners will be unable to submit new loan applications on behalf of their […]
The number of empty homes across England has risen for the third year running — and now accounts for a staggering £56.8bn worth of vacant stock, analysis by offsite eco housebuilder Project Etopia shows. The number of long-term vacant properties rose 4.5% to 225,845 in 12 months to October 2019 according to the latest MHCLG […]
Bridging loan books grew to £4.5bn in 2019, an increase of 19.7% compared to 2018. This is according to figures compiled by auditors from data provided by members of the Association of Short-Term Lenders (ASTL), which confirmed that completions in Q4 2019 reached £1.068bn – an increase of 13.7% on Q3, while average LTVs continued […]
UK small business’ previous positivity about their future performance is being overshadowed by stress, anxiety and sleepless nights over access to finance according to research from Liberis, a fintech on a mission to reshape small business finance for good. While an encouraging 61% of small businesses in the UK questioned before the coronavirus outbreak were […]
To help business owners deal with the fallout from the Covid-19 crisis, Australia’s largest non-bank funder of SMEs has created a centralised, easy reference page for SMEs highlighting the range of federal, state and other assistance packages available. Access the ScotPac Covid-19 Business Hub here. This resource page will be regularly updated as new information […]
Fiducia Group, one of the UK’s leading financial services brokers, has launched a new asset finance division offering bespoke funding solutions to support businesses with their cashflow issues. With so many firms impacted by the ongoing coronavirus crisis, Fiducia Asset Finance provides access to a range of finance options, along with fast turnaround times of […]
The recently launched Coronavirus Business Interruption Loan Scheme is now available from Invoice Finance provider, Skipton Business Finance, alongside an Invoice Finance facility to support UK SMEs through the Coronavirus pandemic. As an accredited partner of British Business Bank, Skipton Business Finance is offering UK SMEs support through the Coronavirus Business Interruption Loan Scheme (CBILS) […]
While the past week or so has seen more restrictions on civil liberties to UK citizens than at any time in our history, the government has also recognised the major implications the coronavirus (Covid-19) outbreak will have on British businesses. Late last week, the chancellor set out a package of temporary and targeted measures of […]
Business finance lender MarketFinance sought the views of business owners following the wide ranging measures announced by the Treasury recently. Despite the sizeable fiscal stimulus, more than two thirds (67%) believe funds will not reach them in time and they will run out of cash before Easter (12th April). Loans Only half (52%) of UK […]
Revolut Business, an innovative global business account built for growth, speed, ease and security, today released the findings of its “2020 Vision: Taking a closer look at antiquated banking practices” report. Based on a survey of 602 UK, French, and Polish SMEs, the report reveals that SMEs are sticking with traditional financial services providers despite […]
