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»
Despite adoption of alternative finance methods, funding remains a barrier to businesses, and a majority would rather put off growth than borrow money. more»
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»
Roughly a third of UK businesses have had growth plans put on hold because they’ve been turned down for funding, according to a study published by Santander. more»
Launched in 2012, the Start Up Loans Company offers loans of up to £25,000 to small companies at a fixed interest rate of six per cent per annum. more»
Ending a 17-month wait, the British Business Bank has launched the first wave of the Midlands Engine Investment Fund, with an initial £120m in debt finance and loans available for small firms in the region. more»
NatWest’s head of business development discloses the secrets of obtaining finance from the lender, before one of the bank’s entrepreneurial customers explains the kind of service fellow founders can expect from NatWest’s offering. more»
Lloyds bank business customers will no longer be required to pay up-front fees when looking to borrow amounts up to £25,000 – a move the lender hopes will free up cash for UK entrepreneurs. more»
Barclays bank has put an extra £100m into its UK Farming Loan Fund, as the National Farmers Union voices concerns over the survival of British agriculture. more»
In the last six years, 105,500 unemployed Britons have been given the resources needed to bring their business idea to life, as the government announces a latest milestone for the New Enterprise Allowance. more»
