Atom bank, the UK’s first app-based bank, has passed £1bn in commercial mortgage completions. It marks a significant milestone for the digital lender, who has been a consistent champion of UK SMEs since launch in 2016. The news comes with Atom bank having last week announced its strongest ever financial results. Operating profit grew to […]
Specialist commercial finance provider Reparo Finance has launched a new revolving credit facility to support SMEs with cashflow to fund growth. It plugs a gap in the market for flexible access to £25k-£75k over the course of a financial year. Reparo’s commercial director, Steve Richardson, explains: “We know it’s not easy running a business in […]
With the latest figures unveiling a promising 15% surge in successful business loan applications for SMEs in the first quarter of 2024, experts warn of the mistakes to avoid for the best chance of being accepted. The uplift comes as a much-needed relief to SMEs, with data from the British Business Bank showing the number […]
Data produced by Beauhurst uses several key metrics to analyse business growth in every local authority in the UK between May 2023 and 2024. These metrics are used to give each council a ‘Business Growth Score’, from which Beauhurst has been able to rank every council in the UK by their business growth. By undertaking […]
Ahead of the upcoming general election, over half (52%) of SME owners do not feel informed on the different political parties’ policies and their potential impact on small businesses, according to new data by online accounting provider FreeAgent. The survey delves into small business owners’ thoughts on the UK’s economic performance as well as perceptions around […]
As rampant inflation finally eases, the UK could be on the brink of a potential SME boom with business owners and leaders ready to invest an estimated total of £2.4tn over the next two years, if they can overcome the funding challenges that are currently holding them back. Research from the UK’s largest specialist lender, […]
Asset Advantage, one of the UK’s leading providers of business finance for SMEs, has launched a brand-new survey to uncover the key challenges and opportunities facing commercial brokers in securing business funding for clients. The business finance survey from Asset Advantage questions commercial brokers on a range of topics to determine the changing demands of […]
Peterborough is ranked the best city to work for a small business in Britain, according to new research compiled by iwoca, one of Europe’s largest small business lenders. iwoca’s ‘Top 25 Towns & Cities for SME Jobs’ list ranks areas using ONS data on average wage, commute, job density, house price and growth of the […]
New research from the UK’s leading insurance premium finance company, Premium Credit, shows late payment issues are easing for SMEs but still remain a concern. Its Insurance Index, which monitors insurance buying and how it is financed, found one in five (20%) of firms reporting a growing problem with late payment of bills with 5% […]
54% of owners think the latest recession was an opportunity for entrepreneurs in the UK, and 51% think British entrepreneurship is about to boom. This rises to 57% of serial entrepreneurs, who have started multiple businesses in their time, according to new research from Charles Stanley. The research, which seeks to establish the behaviours and […]
