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.
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.
So now the dust has settled on the March budget, what impact – if any – will it have on small businesses? Hailed by George Osborne as his long term economic plan, he described it as “‘a budget that backs businesses’”. The full measures are outlined on the Gov UK website but let’s take a […]
Do you sometimes wonder if banks are on the same planet as the rest of us?! Small business owners work every hour they can and yet when they need to do essential banking that requires a visit to a branch the hours are usually 9:00-17:00! Yet recent research by Funding Xchange has found that 42% […]
If you are a small business owner you will be only too aware of the impact of unpaid invoices. If a payment is late it adversely affects your cashflow and therefore small business funding. The worst case scenario is that a vulnerable business could go under if its creditors do not pay when payment is […]
In our last article we explored opinions on both sides of the Brexit camp over the five key areas of: The UK Economy; Trading Opportunities; The UK job market; Job Opportunities in Europe; The Impact on Large Businesses. In this article we return to the main area of concern to us at Fair Business Loans; […]
Fair Business Loans is part of Fair Finance which is the fastest growing microfinance organization in the UK and so we take a keen interest in which banks are offering the best service to small and micro companies. Recent Research compiled by Business Banking Insights looked to establish which banks are providing the best services […]
As we saw in our last article, more than half of new businesses don’t survive beyond five years. In late 2014 British commercial insurer RSA conducted research called Growing Pains, which examined the current shape of the economy and barriers to growth for SMEs. But it’s not just start up businesses that are being adversely […]
In a recent speech to The Fabian Society, Labour leader Jeremy Corbyn outlined some of his strategy to tackle pay inequality and “institutionalise fairness” in Britain. One headline-hitting measure would be to ban companies from paying dividends to shareholders unless they are paying workers the living wage, the aim being to redress the balance of […]
At Fair Business Loans we were interested to hear that the RSA has recently launched a Charter for the Self-employed. The RSA (Royal Society for the encouragement of Arts, Manufactures and Commerce) aims to enrich society through ideas and action. Over the past two years it has conducted research over into the life of the […]