Singapore’s SMEs battled tighter financing conditions in 2024, with average borrowing costs rising to 8.47% per annum — the highest in recent years, even as loan sizes shrank and access to larger financing amounts dried up, according to Linkflow Capital’s latest SME Financing Accessibility Survey. Drawing on data from over 2,216 unique users on its […]
Responding to the Treasury Committee’s report, Acceptance of cash, Tina McKenzie, policy chair, Federation of Small Businesses (FSB) said: “For thousands of small businesses, cash remains an essential payment method – and it’s vital they continue to have the option to accept cash, as well as other payment methods, now and in the future. Small firms must have […]
The majority of commercial mortgage brokers are seeing growing demand for external funding from their commercial clients, despite the ongoing economic uncertainty, the latest SME Pulse survey from Atom bank has revealed. The SME Pulse is a quarterly poll of commercial brokers, covering their insights and expectations for the market, carried out by Atom bank, the […]
The UK’s SME lending market needs a full reboot, according to new research by the UK’s fastest growing fintech Allica Bank. With the UK having the lowest business investment rate in the G7, the report highlights how small businesses invest at only a third of the level of large corporate businesses, with a clear link […]
Lower mid-market businesses remain highly confident in their ability to secure funding for growth, according to new research from business advisory group Dow Schofield Watts. However, the research also reveals that many are failing to explore the full range of funding options available to them. The UK Growth Census, which gathered insights from 500 businesses with annual […]
Mid-market businesses continued to outperform the wider UK economy in March, as business activity rose for the sixteenth month in a row, the latest NatWest UK Business Growth Tracker has found. The NatWest tracker uses the industry standard Purchasing Managers’ Index ™ (PMI®) to provide an ongoing view of business performance and sentiment across the UK. […]
Purbeck Insurance Services, the UK’s only provider of personal guarantee insurance to business owners is warning SMEs to be prepared to sign a personal guarantee for a major part of the loan secured through the Growth Guarantee Scheme. This follows feedback from customers who expected their personal liability to extend to just 30% of the […]
The percentage of UK small businesses predicting growth has fallen to a four-year low (29%) – with significant falls in the manufacturing, construction and retail sectors – according to new figures from Novuna Business Finance. Nationally, growth outlook now stands at its lowest level since Q1 2021 (26%), and – if the first lockdown periods […]
Banco Santander bolstered its support to startups, scaleups, entrepreneurs and SMEs in 2024 through its non-financial proposition. Last year alone, its global Santander X initiative helped 52,570 businesses and entrepreneurial projects in 11 countries. This figure reaffirms the bank’s commitment to economic growth and business development in the markets where it operates, with a wide […]
The leadership team at Pulse Cashflow Finance have announced that they have successfully executed a management buyout (MBO). Established in 2008, originating founder and managing director Toni Dare sold the business in November 2019 but stayed on as MD. Last year, the management team of Toni Dare and Martin Bennison – identified, proposed and seized […]
