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Peer2Peer Finance News | July 23, 2017

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SME News

Crowdstacker-backed Amicus toasts Taunton Cider Company deal

July 19, 2017 |

SPECIALIST lender Amicus Commercial Finance has announced it will provide a confidential invoice discounting facility to The Taunton Cider Company.

Amicus is a bridging lender which peer-to-peer investors can lend to via Crowdstacker. Amicus has raised more than £15m through … Read More

SME payment terms have got worse since the Brexit vote

July 11, 2017 |

ONE IN 10 small- and medium-sized enterprises (SMEs) have seen payment terms worsen over the past 12 months, research claims.

A poll of more than 1,000 SMEs, by supply chain finance provider Crossflow Payments, found eight per cent are coming … Read More

Government urged to boost British Business Bank’s P2P resources

July 10, 2017 |

THE FEDERATION of Small Businesses (FSB) has called for the government to boost the resources it gives to the British Business Bank so firms can access better information on alternative sources of finance such as peer-to-peer lending.

A report by … Read More

Flender completes first wave of funded SME loans

July 6, 2017 |

IRISH peer-to-peer platform Flender has announced its first batch of successfully funded SME loans.

The lender, which launched earlier this year, has helped raise finance for five SMEs, with an average loan value of £25,000 and an average interest rates … Read More

British Business Bank pledges extra £20m to fund tech start-ups

June 29, 2017 |

THE BRITISH Business Bank (BBB) has increased its funding to UK technology start-ups by a further £20m, via small- and medium-sized enterprise (SME) lender Boost&Co.

The state-backed development bank said that the £20m was part of a £40m extension to … Read More

SMEs’ financial health falls to lowest level in three years

June 26, 2017 |

THE CONDITIONS for UK small- and medium-sized enterprises (SMEs) deteriorated to the worst level in three years in the first quarter, new research has shown.

The inflation rate is outstripping wage growth and hampering consumer spending, while the weak pound … Read More

Five things that SMEs can do to boost productivity

June 23, 2017 |

TIME is money, particularly when you are running a small business. Just one error or unexpected issue can cost you a whole day’s turnover, and these losses quickly add up over time. With inflation at a four-year high and wage … Read More

SMEs and P2P lenders back Brexit-heavy Queen’s Speech

June 21, 2017 |

PEER-TO-PEER lenders have heralded legislation on housing and asset-backed financing in the Queen’s Speech that should help boost their platforms.

The Queen outlined 27 bills and draft bills on Wednesday morning, with a strong focus on Brexit, but other measures … Read More

Female entrepreneurs more cagey about post-Brexit prospects

June 20, 2017 |

IT IS often said that men are from Mars and women are from Venus when it comes to relationships, but the same may apply to finance, according to RateSetter.

A poll by the peer-to-peer lender shows that less than half … Read More

How rising inflation will impact small businesses

June 16, 2017 |

Everybody knows that rising inflation means an increase in the cost of living. But not everyone realises that the effect on small- and medium-sized enterprises (SMEs) can be much more severe.

Earlier this week, it was announced that the Consumer … Read More