SME alternative finance knowledge on the rise

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

Manchester’s small businesses turn to alternative finance

MANCHESTER-BASED small businesses are more likely to turn to alternative finance providers for funding compared with firms elsewhere in the country, new research has found.

A survey of 222 businesses in the North West by peer-to-peer lender Growth Street revealed … Read More

VPC Specialty Lending reports small capital loss in February

VPC Specialty Lending reported rising revenues but a capital loss in February as it continues with its share buyback programme designed to narrow the trust’s discount.

The alternative finance-focused investment company delivered a net return of 0.46 per cent during … Read More

Irish altfi lender challenges big banks in mortgage market

ONE of Ireland’s largest alternative lenders has made its first foray into the residential mortgage market in a move to compete with the country’s big retail banks.

Finance Ireland has introduced its own residential mortgage products after buying the Pepper … Read More

LendingUP! 2019

LendingUP! 2019

Dates: 7-8 March 2019

Location: Prague

LendingUP! is an international, pan-European meeting platform created with the aim of forging a community of experts obsessed with one passion: bringing innovation to the consumer and SME lending space.   This … Read More

Ranger warns of $13.5m hit from Princeton as it appoints new manager

RANGER Direct Lending (RDL) has revealed it expects to write off nearly half its investment in a fund run by bankrupt Princeton Alternative Funding, as it appoints a new investment manager and director.

RDL, which is in the process of … Read More

Ranger Direct raises £30m in refinancing as part of fund closure

RANGER Direct Lending (RDL) has raised $38m (£29.5m) by refinancing one of its investments from its portfolio, as part of the wind-down of the beleaguered investment trust.

In connection with this process, the International MCA Platform has refinanced and paid … Read More

Leeds SMEs embrace alternative lending

LEEDS has been named as the number one location when it comes to firms seeking alternative finance.

Analysis of credit reference agency data as well as figures from the British Business Bank by peer-to-peer lender ThinCats, found that Leeds-based businesses … Read More

Write-offs and legal disputes hit Ranger returns

RANGER Direct Lending’s net asset value (NAV) return fell for the first time in two months as the investment trust was hit by write-offs and legal expenses.

The alternative finance-focused fund, which is in the process of being wound up, … Read More

Victory Park Capital fund’s chair steps down for health reasons

THE CHAIRMAN of VPC Specialty Lending Investments (VSL) has stepped down temporarily for health reasons.

A stock market update on Friday from the alternative finance-focused investment fund said Andrew Adcock was stepping aside “with immediate effect due to health reasons” … Read More