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Peer2Peer Finance News | June 27, 2019

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SME lending

ArchOver warns of “funding crisis” as banks turn their back on SMEs

March 7, 2019 |

ARCHOVER has blasted high street banks for creating a “funding crisis” among small firms.

Research commissioned by the peer-to-peer business lender found that one in five UK businesses are rejected for a loan by banks and 17 per cent were put … Read More

LendingUP! 2019

February 18, 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

Growth Street calls for more SME support amid Brexit pessimism

January 31, 2019 |

PEER-TO-PEER business lending platform Growth Street has called on the government to offer more support for small- and medium-sized enterprises (SMEs), after a new survey found that business optimism is waning due to Brexit fears.

In the latest quarterly CBI … Read More

ThinCats hires new South Yorkshire director

October 4, 2018 |

THINCATS has added to its expanding workforce by hiring former RBS executive Kevin Steven as its new director of regional business development for South Yorkshire.

Steven (pictured) is a qualified chartered accountant with more than 15 years’ experience in banking … Read More

SMEs unwilling to borrow despite greater access to finance

October 2, 2018 |

ALMOST two thirds of UK small- and medium-sized enterprises (SMEs) are not willing to borrow money to fund the expansion of their business, amid “subdued” attitudes towards external financing.

According to the latest BDRC SME Finance Monitor, just 34 per … Read More

High street lenders react to altfin threat

August 9, 2018 |

FIERCE competition from alternative lenders is thought to have driven Barclays’ decision to double its unsecured business lending limit to £100,000.

“There is growing competition in that segment and to be fair Barclays is not the only major bank to … Read More

ThinCats continues trend for larger deals with £3m loan to food chain

May 8, 2018 |

THINCATS has originated one of its largest loans this year to healthy food chain Abokado, as the peer-to-peer lender looks to scale up its lending with larger deals.

The platform, which originates loans for small- and medium-sized enterprises (SMEs), has … Read More

No holding back

February 6, 2018 |

ThinCats chief executive John Mould is determined to fill a gap in the small business finance market. He talks to Peer2Peer Finance News about the deserving underserved borrower, the role of institutional funding in P2P and his concerns about the … Read More

SMEs’ economic health hits 18-month high

September 7, 2017 |

INCREASED lending to small- and medium-sized enterprises (SMEs) has helped their economic strength reach an 18-month high, a new index claims.

The SME Health Check Index, released on Thursday, rose from 46.9 in the first three months of 2017 to 58.9 … Read More

SME lending slumps by £200m in July amid Brexit uncertainty

August 30, 2017 |

LENDING to small businesses in July slumped by £200m from the previous month, new figures from the Bank of England show.

The statistics, released on Tuesday, showed that the annual growth rate of small- and medium-sized enterprise borrowing came in … Read More