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Peer2Peer Finance News | October 23, 2017

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SME credit

SMEs’ financial health falls to lowest level in three years

June 26, 2017 |

THE CONDITIONS for UK small- and medium-sized enterprises (SMEs) deteriorated to the worst level in three years in the first quarter, new research has shown.

The inflation rate is outstripping wage growth and hampering consumer spending, while the weak pound … Read More

£266bn of late payments hamper UK SMEs’ growth

May 8, 2017 |

LATE payments from suppliers totalling £266bn are straining UK small- and medium-sized enterprises (SMEs)’ ability to grow and create up to 3.4 million new jobs, new research suggests.

15 per cent of the SME sector’s average annual turnover is stuck in … Read More

SMEs strained by late council payments

April 24, 2017 |

SMALL- and medium-sized enterprises (SMEs) across the UK are suffering from credit constraints because of local councils’ long repayment timeframes, claims new research.

The country’s slowest-paying local councils such as Peterborough and Richmond took on average 36 to 38 days to … Read More

Funding Circle’s Desai: use P2P for monetary stimulus

April 12, 2017 |

UK POLICYMAKERS should start using peer-to-peer platforms to stimulate the economy, Funding Circle’s chief executive and co-founder Samir Desai said on Wednesday.

The head of the country’s third-largest business lender called on the government and the Bank of England to bypass … Read More

£45bn late payment burden hangs over UK SMEs

April 11, 2017 |

MORE than half of the UK’s 5.5 million small- and medium-sized enterprises (SMEs) are owed a total of £44.6bn in late payments, new research showed on Tuesday.

One in five firms are owed more than £25,000 and almost one in … Read More

MarketInvoice teams up with accounting software provider Xero

March 22, 2017 |

MARKETINVOICE has partnered with accounting software provider Xero to boost its network of small- and medium-sized businesses in need of finance.

The peer-to-peer lender, which specialises in invoice finance, will benefit from Xero’s existing pool of 862,000 subscribers, which include … Read More

Quarter of London SMEs turned down for credit

March 21, 2017 |

A QUARTER of small businesses in London have been turned away for finance, meaning they have to resort to less appropriate funding that will stunt their growth, new research has claimed.

The credit crunch is even more apparent for early-stage … Read More

Assetz Capital confirmed five-star lender with ThinCats

March 17, 2017 |

ASSETZ Capital snapped up a five-star rating from independent financial researcher Defaqto for the second consecutive year, helped by its transparency and ethical investment scores.

The peer-to-peer platform, which specialises in secured lending to small- and medium-sized businesses, now shares … Read More

Funding Circle’s SME securitisation wins higher ratings

March 16, 2017 |

MOODY’S has upgraded Funding Circle’s 2016 securitisation deal as it performed above expectations thanks to early repayments.

The rating agency said it upgraded four tranches of the securitised bonds after a number of underlying borrowers repaid interest and capital ahead … Read More

NACFB brokers get green light to sell unlimited P2P loans

March 13, 2017 |

COMMERCIAL brokers have been granted more scope to sell peer-to-peer loans to their clients, after their main trade body clinched a deal with Towergate Insurance and Funding Circle.

The National Association of Commercial Finance Brokers (NACFB) announced on Monday that its insurance … Read More