SME Referral Scheme: why the wait?

Posted on Posted in Bank referral scheme, Banks, British Business Bank, Finance, SMEs

In its Small Business Finance Markets report published earlier this month, the British Business Bank (BBB) found that “over half of UK smaller businesses still go only to their main bank and do not shop around for finance.” While choices available to SMEs have increased significantly in recent years, there is still a distinct lack of awareness of the full range of funding options available among many small business owners. It’s perhaps for this reason […]

Asset based funding: underused and untapped

Posted on Posted in Asset based finance, Bank of England, Bibby Financial Services, Crowdfunding, Finance, Financing, Funding, Invoice finance, P2P lending, SMEs

A recent assessment from The Bank of England’s Q3 Credit Conditions report found that “credit availability for smaller firms had improved and was approaching normal levels.” It’s fair to say that in my thirty-plus-years in the financial services industry, I have never seen so much money chasing so few business customers. Whether peer-to-peer lending and crowdfunding or traditional banking channels, SMEs are swamped with lending options. It’s clear, however, that many SMEs don’t want to […]

Attitudes Towards Enterprise

Posted on Posted in Bibby Financial Services, Blog, Enterprise, Enterprise Bill, Finance, Late payment, News, Payment disputes, Small business commissioner, Small businesses, SMEs

The Government published its Enterprise Bill on 17th September, which aims to cement the UK’s position as the best place in Europe to start and grow a business. Measures in the bill include reforming the Business Rates Appeals system so that it is more transparent and easier to understand, shifting and reducing the regulatory burden on businesses and extending the Business Impact Target to include regulators. It will also change the way that the term […]