Optimum Finance, the invoice finance specialist, has reported another strong six-months as it continues in its quest to support the UK small and medium-sized enterprise (SME) community with the cashflow companies need to grow in the context of ongoing economic challenges. Not only has the company continued to advance £100ms to UK SMEs, but it […]
If the new government are serious about unemployment, they will relax the effective 55% tax which comes into play when a universal credit beneficiary works a few extra hours, say leading audit, tax and business advisory firm, Blick Rothenberg. Robert Salter, a technical director at the firm, said: “It is interesting to note that the […]
More small businesses applied for finance to support growth initiatives in quarter 2 2024 than at any other time in the past three years according to the latest analysis by Purbeck Insurance Services – the UK’s only provider of personal guarantee insurance for small business loans. 19% of small business owners securing personal guarantee backed […]
A recent survey of 500 SMEs held by invoice finance company, Novuna Business Cash Flow (https://www.novuna.co.uk/business-cash-flow/invoice-finance/), reveals that 33% of small and medium-sized enterprises (SMEs) in the UK urgently require financial support within the next year to continue their operations. As businesses grapple with economic challenges, there is a critical need to understand the many […]
Amidst escalating economic and environmental challenges, SMEs are at a crossroads. A new report delves into the dilemma SMEs face: how to balance sustainability with financial stability. With 71% of SMEs in the last 12 months viewing sustainability as an opportunity to diversify and grow their business, the report explores how green initiatives can help reduce […]
The British Business Bank has agreed a second portfolio increase of £100m to specialist commercial lender DF Capital’s existing ENABLE Guarantee facility. This transaction builds on the £250m which was agreed through the first facility increase announced in August 2023. The total facility now stands at £350m, doubling the initial commitment of £175m agreed in […]
Europe’s largest innovation funding consultancy today publishes its first Manifesto for Innovation as part of a campaign to urge the UK’s new Labour government to reform Britain’s uninspiring approach to innovation. The last decade can be characterised by a string of successive attempts to position the UK as a ‘science superpower’. Despite these efforts, flat […]
eBay Inc. (NASDAQ: EBAY), a global commerce leader that connects millions of sellers and buyers, today announced the launch of Business Cash Advance, a new eBay Seller Capital revenue-based financing product provided by Liberis, a leading global embedded finance platform. Aimed at supporting eBay sellers at every business stage, Business Cash Advance offers eligible U.S. […]
Linkflow Capital’s annual SME financing research shows a significant tightening of credit conditions for Singapore SMEs in 2023, with average loan quantum dropping 42% to $130,000 from $224,000 in 2021. The study, based on data from 2,466 unique users of Linkflow Capital’s SME loan comparison portal, reveals that average business loan interest rates spiked to […]
Responding to news that the British Business Bank has launched the Growth Guarantee Scheme, Martin McTague, national chair of the Federation of Small Businesses (FSB) said: “We are delighted that the British Business Bank has officially launched the Growth Guarantee Scheme, to get much-needed finance to start-ups and scale-ups, so they can grow. This is […]
