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 […]
Announced by the chancellor today, the Growth Guarantee Scheme will provide approximately £500m of additional lending capacity to help more smaller businesses across the UK. The extra funding is aimed at smaller businesses that may need support with cashflow issues due to changes in global tariff rates. Delivered by the British Business Bank through around 50 […]
Business Enterprise Fund – a Business Support Partner (BSP) for the British Business Bank’s Start Up Loans programme – has provided Northern businesses with over 4,500 loans through the programme, totalling more than £50m. Through Start Up Loans, Business Enterprise Fund has supported the founders of smaller businesses across a range of sectors and locations, […]
New data from independent business finance provider, Time Finance, has revealed a lack of SME awareness and understanding of Invoice Finance with over 70% of the SME business community either unaware of or opting out of the cashflow finance solution. The data forms part of Time Finance’s Finance Apathy survey in partnership with Censuswide, which […]
As Parliament launches its inquiry into female entrepreneurship, business experts have released their annual State of Women’s Entrepreneurship report. On Wednesday 2nd April, the Women and Equalities Committee (WEC) held the first evidence session of its female entrepreneurship inquiry, hearing from business experts and academics in parliament on the barriers women face when starting a business. […]
What’s in a name? Quite a lot, it seems, especially when carving out a niche in the UK’s busy business landscape. Since 2012, Start Up Loans has seen a plethora of businesses with names that tickle the funny bone. From pun-laden monikers to clever wordplays, business owners know that before a customer steps through the door or […]
Business Money group editor Robert Lefroy said: “When you fabricate a CV, never believing you would be found out, it comes as no surprise when your budget statement contained forecasts of a similar ilk. Rubbished by the OBR and the left-wing Resolution Foundation, as well as the usual business interests, Rachel, you are uniting some […]
