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Peer2Peer Finance News | September 23, 2017

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SME News

ArchOver CEO: SMEs have “wrong attitude” in eschewing finance

September 14, 2017 |

ARCHOVER’S chief executive Angus Dent (pictured) has urged small business owners to be more confident in taking on debt, after new figures showed that 80 per cent of small- and medium-sized enterprises (SMEs) are refusing to apply for new finance.

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Can P2P lenders compete on rates in the personal loans market?

September 8, 2017 |

PEER-TO-PEER lenders are facing fresh competition from mainstream providers in the personal loans market after First Direct launched a new market-leading rate for larger loans.

The Leeds-headquartered digital bank, which is an offshoot of HSBC, is advertising an interest rate … Read More

SMEs’ economic health hits 18-month high

September 7, 2017 |

INCREASED lending to small- and medium-sized enterprises (SMEs) has helped their economic strength reach an 18-month high, a new index claims.

The SME Health Check Index, released on Thursday, rose from 46.9 in the first three months of 2017 to 58.9 … Read More

Full steam ahead! RateSetter backs Flying Scotsman restorer

September 1, 2017 |

RATESETTER has helped fuel a locomotive repair specialist best known for overhauling the famous Flying Scotsman.

Investors on the peer-to-peer platform have helped fund a £420,000 loan to restorer Riley and Son to help restructure existing debt and improve cashflow.

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SME lending slumps by £200m in July amid Brexit uncertainty

August 30, 2017 |

LENDING to small businesses in July slumped by £200m from the previous month, new figures from the Bank of England show.

The statistics, released on Tuesday, showed that the annual growth rate of small- and medium-sized enterprise borrowing came in … Read More

SME borrowing declines amid Brexit uncertainty

August 24, 2017 |

SMALL businesses are borrowing less, which could threaten their future growth, the Federation of Small Businesses (FSB) has warned.

New figures from UK Finance on Thursday showed that bank lending to non-financial businesses fell by £698m in July.

And the … Read More

Business groups herald plans for post-Brexit data sharing

August 23, 2017 |

BUSINESS groups have welcomed the government’s new proposals to ensure data sharing continues with the EU after Brexit, but urged for more support for smaller firms to cope with incoming changes.

The UK government will set out its plans on … Read More

Northern Ireland’s SMEs welcome soft border plans

August 17, 2017 |

BUSINESSES across Northern Ireland and the rest of the UK have welcomed the government’s plans for a soft border post-Brexit.

Bodies such as the Federation of Small Businesses (FSB) and the Confederation of British Industry (CBI) have spoken out in … Read More

MarketInvoice teams up with Veritas to offer finance to 400,000 SMEs

August 17, 2017 |

MARKETINVOICE has announced a “strategic alliance” with credit management firm Veritas Commercial Services (Veritas), which will give the lender access to more than 400,000 smaller businesses across the UK.

The partnership will bring the peer-to-peer invoice finance platform’s MarketInvoice Pro … Read More

Inflation holds steady but SMEs will still feel the squeeze

August 15, 2017 |

SMALL businesses should not get complacent after new figures showed that inflation held steady last month, industry bodies and lenders have warned.

The Consumer Price Index (CPI) came in at 2.6 per cent in July, just as it was in … Read More