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Peer2Peer Finance News | May 27, 2019

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SME News

IW Capital closes first secured debt fund with £10m raised for SMEs

May 23, 2019 |

IW CAPITAL has raised £10m from its first secured debt fund, which will be used to support UK small- and medium-sized enterprises (SME).

The investment firm has closed the fund after raising £2m from a final funding round from new … Read More

Iwoca slams government’s ‘failing’ bank referral scheme

May 23, 2019 |

THE GOVERNMENT’S bank referral scheme is failing and needs a major overhaul if it is to plug a £10bn small- and medium-sized enterprise (SME) funding gap, says Iwoca.

In an open letter to the Chancellor Philip Hammond, the SME finance … Read More

British Business Bank scheme opened up to non-bank lenders

May 16, 2019 |

THE BRITISH Business Bank has opened up its ENABLE Guarantee programme to non-bank lenders, including asset-based lending providers.

Under the programme, the UK government takes on a portion of the lender’s risk on a portfolio of loans to smaller businesses, … Read More

Millennials more likely to invest in SMEs

May 1, 2019 |

YOUNGER investors are more likely to back small- and medium-sized enterprises (SMEs), according to new research from the UK Business Angels Association.

A survey of 1,000 UK investors found that 70 per cent of respondents aged 18-34 said they would … Read More

Growth Street appoints new BDM to boost origination in Scotland

April 29, 2019 |

GROWTH Street has hired Jennifer McGuffie as business development manager for Scotland to boost its origination in the country.

The peer-to-peer business lender said on Monday that McGuffie has more than 15 years’ experience in the commercial finance space, having … Read More

Funding Circle report finds banks are still snubbing SMEs

April 29, 2019 |

BANKS are still giving small – and medium-sized enterprises (SMEs) the cold shoulder a decade on from the financial crisis, new research claims.

A report, published by Oxford Economics and peer-to-peer business lender Funding Circle, found small firms are still … Read More

Growth Street sees lack of alternative finance awareness in Wales

April 23, 2019 |

GROWTH Street has warned that Welsh small- and medium-sized enterprises (SMEs) are limiting their finance options.

A poll by the peer-to-peer business lender has revealed that only 27 per cent of Welsh businesses have considered a source of business finance other … Read More

SME alternative finance knowledge on the rise

April 15, 2019 |

INCREASING numbers of UK small- and medium-sized enterprises (SMEs) are aware of alternative finance options but peer-to-peer lender Growth Street is warning of a knowledge gap in the Midlands.

The latest annual survey of 2,000 small firms by the business … Read More

Swoop names Funding Circle underwriter among new hires

April 11, 2019 |

SWOOP has hired former Funding Circle credit underwriter Thomas Clark to join its small- and medium-sized enterprise (SME) funding platform, as one of a number of new appointments to bolster its team.

The platform, which rebranded from BisFly last year, … Read More

Funding Options poaches Esme Loans’ commercial director

April 9, 2019 |

FUNDING Options has hired Esme Loans founding member Simon Cureton as its new commercial director.

The business finance marketplace announced Cureton’s appointment on Tuesday, which takes effect in May. Cureton will be based in Funding Options’ London office where he … Read More