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Peer2Peer Finance News | September 18, 2018

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SME News

Barclays to fund £1bn of invoices via MarketInvoice in coming years

September 13, 2018 |

A SIGNIFICANT proportion of MarketInvoice’s business is likely to be funded by Barclays in the future, rather than by peer-to-peer investors.

Bilal Mahmood, spokesperson for the business finance platform, told Peer2Peer Finance News that its recently-unveiled strategic partnership with Barclays … Read More

Government P2P ‘matchmaking’ scheme helps SMEs secure £15m of funding

August 31, 2018 |

A GOVERNMENT scheme to refer small businesses rejected for bank funding to alternative finance such as peer-to-peer lenders has helped 900 firms secure £15m of funding since launch, new figures reveal.

In just the past 12 months, the Bank Referral … Read More

Rise of the ‘balloon businesses’: SMEs adapt to cope with changing demand

August 29, 2018 |

ALMOST three quarters of small- and medium-sized enterprises (SMEs) in the UK are adopting increasingly flexible business models to deal with fluctuating customer demand, new research has found.

The report from Direct Line Business surveyed 505 SME decision makers, revealing … Read More

Mortgage and business lending see summer slowdown

August 24, 2018 |

HOMEBUYERS and businesses had a tougher time accessing finance during July, figures suggest.

Banking data from trade body UK Finance shows mortgage approvals and business lending both dropped on an annualised basis in July, while consumer credit grew.

The value … Read More

Early-stage investment fund launches in North West

August 24, 2018 |

THREE entrepreneurs have teamed up to launch a £1m investment fund for early-stage businesses in the North West of England.

Matt Haycox, who is a consultant for peer-to-peer business lender Huddle, Simon Leeming and Dave Watson have set up The Elevate … Read More

ThinCats makes largest loan to date

August 23, 2018 |

THINCATS has delivered its largest loan to date, a £10m facility to support manufacturing in the North East of England.

The peer-to-peer business lender provided the funding to US-based aerospace and defence manufacturing group Dynamic Industrial, which it used to … Read More

Are you sure you’re on the right digital journey?

August 20, 2018 |

Small businesses must keep abreast of the latest digital developments to avoid being left behind, as Virgin Media Business explains

MODERN firms have never been more reliant on digital technology. But even the most tech-savvy firms can risk being left … Read More

How P2P plugged the funding gap for small businesses

August 17, 2018 |

BEFORE the global financial crisis, banks were the lender of choice for Britain’s small businesses, and perhaps the only option they would consider.

Since then, banks have become more risk averse and are pulling back from lending in some parts … Read More

High street lenders react to altfin threat

August 9, 2018 |

FIERCE competition from alternative lenders is thought to have driven Barclays’ decision to double its unsecured business lending limit to £100,000.

“There is growing competition in that segment and to be fair Barclays is not the only major bank to … Read More

Barclays takes stake in MarketInvoice in SME drive

August 2, 2018 |

BARCLAYS has taken a minority stake in business finance provider MarketInvoice – a move that will allow the bank to offer its small- and medium-sized enterprise (SME) clients access to MarketInvoice’s technology.

The high street bank hopes the strategic partnership … Read More