East Yorkshire-based One Stop Business Finance (OSBF) is continuing its impressive expansion plans after the launch of a new invoice financing company and a doubling in the size of its team. Since the SME funding specialist was founded seven years ago, it has enjoyed sustained profitable growth UK-wide which has provided the platform for OSBF […]
As the Recovery Loan Scheme ends today (30 June) Gregory Taylor, head of banking and finance at MHA, says the Recovery Loan Scheme has been a complete failure and with a recession on the horizon the government needs to act urgently to prevent commercial lending drying up in a 2008 style scenario: “The Recovery Loan […]
Following an incredible year where companies have shown resilience, the industry shows what a real ‘bounce-back’ looks like. In this year’s Annual Review, FCI shares insightful articles by FCI senior executives including an in-depth roundtable discussion, regional updates, the Global Industry Activity Report and much more. Every June FCI publishes its Annual Review giving an […]
Businesses reported a fall in confidence this month, declining 10 points to 28% according to the latest Lloyds Bank Business Barometer. This is the lowest level since March 2021 when the economy emerged from the second Covid-19 wave. This fall in business confidence comes as inflation reaches its highest level for 40 years as the […]
NatWest has today announced the launch of its Carbon Planner, a free to use digital platform designed to help UK businesses manage their future fuel and operational costs, and reduce their carbon footprint to help them go and grow greener. The launch follows the bank’s broader commitment to lend £100bn to businesses in Climate and […]
West Sussex-headquartered cycling e-retailer The Rider Firm has put the wheels in motion to grow its business in the UK and US. The Rider Firm designs, engineers and e-retails premium bicycle components including carbon and alloy wheels, bikes and cycling accessories. Its wheel brand, Hunt, is its top seller. It also sells Privateer mountain bikes […]
CHL Mortgages has introduced a buy-to-let refurbishment product range which is designed to help landlords improve the energy rating of their rental stock and/or improve the general condition of the property. The products offer the ability to release the costs of the refurbishment upon completion, without having to change product. The refurbishment product range consists […]
Allica Bank says it is looking to take on the high-street banks on rate as well as service, as it significantly reduces the rates on its commercial mortgages. The bank – which has seen strong demand in the first half of 2022 and is predicting £1bn of committed loan offers to established SMEs this year […]
Castle Trust Bank has launched a bridging proposition, supported by dedicated sales, underwriting and processing teams. The launch of its Bridging proposition will simplify Castle Trust Bank’s lending, which now includes separate ranges for bridging and buy-to-let. The bridging range, which is supported by dedicated sales, underwriting and processing teams, features specialist products for Heavy […]
Linked Finance, a leading lender to Irish SMEs, has increased its maximum loan size to €500,000 – becoming the only alternative lender to offer unsecured business loans at this scale. The new loan is unique in the Irish market, meeting the needs of companies with more complex funding requirements and providing an attractive alternative to […]
30/05/2022
Edition 300 – May 2022
Regulator, heal thyself By Business Money group editor Robert Lefroy 30 years...
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