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Peer2Peer Finance News | January 18, 2019

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SME News

Nucleus Commercial Finance hits £1bn lending milestone

January 17, 2019 |

NUCLEUS Commercial Finance has hit the £1bn lending mark, after record growth in 2018.

The alternative business finance provider lent out £282m to businesses last year, during which time it completed its largest facility to date, a £14.5m asset-backed loan … Read More

Two thirds of accountants refer clients to non-bank lenders

January 14, 2019 |

TWO THIRDS (66 per cent) of accountants are referring their clients to external lenders, as alternative finance options such as peer-to-peer lending become more mainstream.

According to a new survey commissioned by business finance lender MarketInvoice, banks are still the … Read More

SMEs accessing loans ‘within hours’ through Bank Referral Scheme

January 9, 2019 |

FINANCE aggregator Alternative Business Funding (ABF) has hailed the success of the government’s Bank Referral Scheme after helping three firms secure funding within hours of being rejected by their mainstream financial institution.

The Bank Referral Scheme was launched in November 2016, … Read More

“Brexit bite” hampers small business use of asset-backed lending

December 20, 2018 |

ASSET-BACKED lending to small businesses has hit a three-year low, research suggests.

Analysis of UK Finance data by business software provider Equiniti found total advances to businesses with a turnover of less than £1m a year reached £1.1bn at the … Read More

Funding Circle’s chief risk officer confident in global outlook

December 13, 2018 |

FUNDING Circle’s chief risk officer has underlined his confidence in the economic environment for small businesses in the peer-to-peer lender’s four markets, but noted that rising consumer insolvencies in the UK had trickled through into some of its loans.

Jerome … Read More

ThinCats secures £200m funding deal with BAE pension fund

December 10, 2018 |

THINCATS has secured a £200m facility with BAE Systems’ pension fund that will provide further funding for small- and medium-sized enterprises (SMEs).

The peer-to-peer business lender heralded the new agreement with BAE Systems Pensions, one of the world’s biggest pension funds, saying … Read More

Rubicon Capital launches crowdfunding campaign to raise £500,000

December 4, 2018 |

RUBICON Capital, the property development finance platform, has launched a crowdfunding campaign to raise £500,000 via Crowdcube.

The firm, which is backed by private investors, helps small- and medium-sized housebuilders secure finance to create new housing in the UK.

The … Read More

SME finance aggregator quits Bank Referral Scheme

December 4, 2018 |

ONE OF the first business finance aggregators to take part in the Bank Referral Scheme has quietly left the government initiative.

Sources close to the Treasury have told Peer2Peer Finance News that Business Finance Compared left the scheme in … Read More

Treasury pushes back on plans for tighter rules on business lending

November 27, 2018 |

PROPOSALS for more stringent corporate lending regulations are being met with resistance by the Treasury, Peer2Peer Finance News has learnt.

A recent report issued by the Treasury select committee of MPs called for business lending to be brought within “the regulatory perimeter” … Read More

Property market and SMEs at risk amid new Brexit chaos

November 15, 2018 |

HOUSEBUILDERS and small businesses are set to suffer the effects of the ongoing Brexit negotiation crisis, after a series of cabinet resignations sparked calls for another election.

Financial experts have warned that there are “big risks lying ahead” for the … Read More