Now, it seems, the big banks are going to be phoning a friend on behalf of small businesses. Changes under The Small Business, Enterprise & Employment Act 2015 are scheduled to come into effect in November. As part of this, nine leading high street banks will redirect all small business loans they reject to independent finance organisations.
what difference does using DirectID make? The main impact is that during the online small business loan process you are able to connect to your bank account and share your bank statement information. This saves so much time!
They found that the dissatisfaction is felt most deeply by those businesses turning over less than £1m. Over 30% of such businesses claim to feel unsupported by banks in terms of how they are treated regarding business funding.
In this article we look at 5 effects of the base rate cut on funding for small businesses.
It is now 2 months since the historic Brexit vote and, whilst the UK has not yet started the formalities of exiting the EU, there is a growing awareness that we are living in post-Brexit days.
If you are finding it hard to find an unsecured business loan then you are not alone! Bank of England data shows that from 2012 to 2015 the amount of lending to UK businesses fell in each year.
The UK has its second female prime minister and the US may soon have its first female president. But in business it often seems like the proverbial “glass ceiling” still exists.
Crowdcube has recently celebrated its 5th birthday and CEO Darren Westlake has shared the following 6 tips for how to grow a small business, based on his experience at Crowdcube.
The Gov UK website has a wealth of useful advice and information for small businesses. Below is our summary of 7 tips from its pages on how to grow a small business:
Fair Business Loans does what it says on the tin! We believe in fair finance. We offer small business loans to a broad range of customers, including those who for whatever reason are financially excluded. We are passionate and committed to providing high quality products and services that are affordable and accessible.