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Peer2Peer Finance News | November 23, 2017

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small business lending

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

Invoice finance has soared by £8bn since credit crunch

May 2, 2017 |

UK AND Irish businesses have turned to alternative sources of funding in the decade since the credit crunch, with invoice finance rising by more than £8bn, says new research.

There was a record high of £22.2bn of asset-based finance advanced … Read More

Late payments are killing small businesses, warns FSB

November 16, 2016 |

A CASH flow squeeze caused by late payments is costing the UK economy £2.5bn each year and causing 50,000 small firms to go bankrupt, the Federation of Small Businesses (FSB) has warned.

The trade body has blasted large companies … Read More

Funding Circle’s losses double

September 26, 2016 |

FUNDING Circle saw its losses double to almost £40m last year, as expanding overseas took its toll on the peer-to-peer platform’s balance sheet.

The London-headquartered firm has been investing heavily in the business in order to grow its presence … Read More

P2P lending slumps as high street banks up their game

September 13, 2016 |

LENDING in the alternative finance space – including peer-to-peer – has slowed over the past 12 months, as traditional lenders widen their offering in response to the competition.

According to the latest annual report from the National Association … Read More