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Peer2Peer Finance News | August 18, 2019

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SMEs

Growth Street pledges £75m overdraft funding for East Anglia

July 24, 2019 |

GROWTH Street has pledged to commit £75m of overdraft-style financing to small- and medium-sized enterprises (SMEs) in East Anglia.

The peer-to-peer business lender, which provides a revolving credit facility for borrowers, said it is already 10 per cent towards its … Read More

SMEs avoiding further finance amid Brexit uncertainty

July 19, 2019 |

A FIFTH of small- and medium-sized enterprises (SMEs) have put plans to seek finance on hold due to Brexit uncertainty.

Research by alternative lender Nucleus Commercial Finance found concern over Brexit was the main reason for holding back, while one … Read More

Three quarters of SMEs fear chasing late payments

July 12, 2019 |

MOST small- and medium-sized enterprises (SMEs) are afraid to take action against a late payment, despite unpaid invoices posing a “significant” issue for their business.

According to a new white paper from the Small Business Commissioner, Paul Uppal, and business … Read More

Bank of England backs data platform to boost SME financing

June 21, 2019 |

THE BANK of England said it will consult on developing a data platform that will store financial information from small- and medium-sized enterprises (SMEs) and help them access funding.

Bank of England Governor Mark Carney said the traditional metrics for … Read More

Funding Options wins £5m grant to help SMEs find funding

June 14, 2019 |

BUSINESS finance marketplace Funding Options has been awarded a £5m grant from the Capability and Innovation Fund to help broaden and encourage wider choice of finance for small- and medium-sized enterprises (SMEs) across the UK.

Underserved local communities will be … Read More

UK SMEs won a record £6.7bn in equity finance last year

June 14, 2019 |

SMALL- and medium-sized enterprises (SMEs) attracted £6.7bn in equity investments last year – the highest amount ever recorded. This represents a five per cent year-on-year increase.

According to the British Business Bank’s annual Small Business Equity Tracker report, the UK … Read More

SMEs still unaware of how to access P2P funding

June 5, 2019 |

FEWER than 20 per cent of small- and-medium sized enterprises (SMEs) are aware of how to access peer-to-peer finance, research shows.

A poll of 1,000 firms by accountancy firm Smith & Williamson found just 17 per cent knew how to … Read More

Growth Street expands business development team

May 13, 2019 |

GROWTH Street has continued its UK-wide expansion with the appointment of a business development manager for the East Midlands.

The peer-to-peer business lending platform has appointed Samantha Fray to boost origination in the region.

Fray, who previously worked for Aldermore … Read More

Funding Circle report finds banks are still snubbing SMEs

April 29, 2019 |

BANKS are still giving small – and medium-sized enterprises (SMEs) the cold shoulder a decade on from the financial crisis, new research claims.

A report, published by Oxford Economics and peer-to-peer business lender Funding Circle, found small firms are still … Read More

Growth Street sees lack of alternative finance awareness in Wales

April 23, 2019 |

GROWTH Street has warned that Welsh small- and medium-sized enterprises (SMEs) are limiting their finance options.

A poll by the peer-to-peer business lender has revealed that only 27 per cent of Welsh businesses have considered a source of business finance other … Read More