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Peer2Peer Finance News | November 20, 2017

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Government urged to create ISA aimed at SMEs

November 15, 2017 |

THE government is being urged to establish a tax-free ISA wrapper to support small businesses.

Aldermore is calling for the establishment of an entrepreneur ISA that could follow a a similar model to the Help to Buy ISA (HISA) but … Read More

ThinCats targets south west SMEs with new origination manager

November 13, 2017 |

THINCATS is looking to bolster support for small- and medium-sized enterprises (SMEs) in the south west of England with the appointment of a new origination manager for the region.

Alison Whistance (pictured) has joined the SME loans platform from RBS … Read More

LendingCrowd funds 33 Scottish SMEs after partnership deal

November 7, 2017 |

LENDINGCROWD has completed 33 loan deals to companies in Scotland after forming a partnership with economic development agency Scottish Enterprise a year ago.

The Edinburgh-based peer-to-peer lender said the deals amounted to a total of £3m.

Last October, Scottish Enterprise’s … Read More

Growth Street hits £100m of lending and reports £22m profit boost for borrowers

November 2, 2017 |

PEER-TO-PEER business lender Growth Street has reached the £100m lending milestone and plans to lend the same amount over the next 12 months.

The platform, which offers a flexible finance product called Growthline that lets companies access capital when they … Read More

Business valuation platform Pomanda in talks with P2P lenders

October 31, 2017 |

A FINTECH platform that helps business owners value their enterprise and access funding opportunities is in talks with peer-to-peer lenders to bring them on board.

Pomanda, which provides valuation tools, local market intelligence and information on access to funding, has … Read More

SMEs press pause on growth plans due to Brexit

October 4, 2017 |

ONE in four small- and medium-sized enterprises (SMEs) say their planned business growth and investments have been hampered by Brexit negotiations, according to new research.

The latest SME confidence index from business leader organisation Vistage revealed that SMEs are also pushing … Read More

Irish P2P lender secures £2.7m backing for international expansion

September 4, 2017 |

IRISH peer-to-peer lender GRID Finance has received a €3m (£2.7m) investment from former London derivatives trader turned venture capitalist Christophe Reech.

The deal makes Reech, founder of Reech Corporations Group, the biggest external shareholder in the platform.

The commitment was … 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

Funding Circle: Small businesses braced for higher costs after Brexit

August 15, 2017 |

MORE THAN two thirds of small businesses that import goods and services expect costs to increase when Britain leaves the European Union, Funding Circle claims.

A poll of 1,325 small business borrowers by the peer-to-peer platform found 69 per cent … Read More

Entrepreneurs defy Brexit with 3,000 new business registrations

August 14, 2017 |

ENTREPRENEURS have registered 3,000 more businesses in the first six months of this year compared with the first six months of 2016, despite fears over a Brexit slump.

New research from MoneySuperMarket has found that there has been an increase … Read More