NatWest throws weight behind 3-minute business loans platform
NatWest’s Esme Loans service – an automated platform providing unsecured business loans of up to £150,000 – was piloted in 2017 as part of the bank's fintech push. more»
Finance
Discover the best approach to securing funding for your small business, whether it's a bank loan or equity investment from an angel backer. Finance is a crucial component of entrepreneurial success, allowing business owners to make calculated risks and think on a bigger scale.
How TSB small business customers can survive the bank’s IT meltdown
The TSB crisis is hitting vulnerable firms hard. While the bank waives overdraft fees left and right to ease the pressure, the crash is costing small business owners more than just money. more»
What is a bridging loan and how does it differ from traditional finance?
You may be in need of some short-term finance to support a property purchase, in which case, have you ever thought about a bridging loan? Business Advice expert Rob Drury explains what this kind of loan is and how it might help your business move to new premises. more»
Financial services gloomier in current economy than during credit crunch
Financial services firms are more pessimistic about the current UK economy than they were during the credit crunch, new survey findings have suggested. more»
New Metro Bank service promises to get business owners trading within hours
High street banking challenger Metro Bank has announced a new “walk out trading” service that will allow business owners to accept payments as soon as an account is opened. more»
Entrepreneurs continue to invest own cash despite green light on bank loans
Small business owners are more likely to use their own cash than take out bank loans to drive growth, despite most applications for extra funds or overdrafts being given the green light. more»
Interest rates hike could cost small business owners £355m in just one year
New research has found that a 0.25 per cent hike in interest rates to 0.75 per cent would cost small UK business owners another £355m in interest payments in the first year alone. more»
Business owners put growth on the back-burner rather than borrow cash
Despite adoption of alternative finance methods, funding remains a barrier to businesses, and a majority would rather put off growth than borrow money. more»
British Business Bank offers £100m support package to firms affected by Carillion
The British Business Bank (BBB) will provide a further £100m support package for small businesses and workers affected by the collapse of Carillion. more»
New open banking measures help business owners switch accounts and access finance
The changes, part of the open banking package of reforms led by the Competition and Markets Authority, have been designed to make banking more competitive and create better access to finance for small business owners. more»
