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Peer2Peer Finance News | December 19, 2018

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SME lending

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

Small is beautiful

August 18, 2017 |

Small businesses are the lifeblood of the UK economy – and of many peer-to-peer lenders. The Federation of Small Businesses’ policy director Martin McTague (pictured) talks to Peer2Peer Finance News about the funding gap, Brexit and “corporate bullying”…

IT’S NOT … Read More

MarketInvoice teams up with Veritas to offer finance to 400,000 SMEs

August 17, 2017 |

MARKETINVOICE has announced a “strategic alliance” with credit management firm Veritas Commercial Services (Veritas), which will give the lender access to more than 400,000 smaller businesses across the UK.

The partnership will bring the peer-to-peer invoice finance platform’s MarketInvoice Pro … Read More

Inflation holds steady but SMEs will still feel the squeeze

August 15, 2017 |

SMALL businesses should not get complacent after new figures showed that inflation held steady last month, industry bodies and lenders have warned.

The Consumer Price Index (CPI) came in at 2.6 per cent in July, just as it was in … Read More