News, Views & more! Commercial Finance Lloyds Banking Group announces £18bn lending commitment for British businesses Lloyds Banking Group is committing to £18bn in new lending for British businesses. The funding is aimed at entrepreneurs looking to start a new business, micro-businesses seeking to scale up and [...]
News, Views & more! Commercial Finance Asset finance receivables up 5% The Asset Finance Europe 50 (AFE50) report shows that total business equipment and vehicle lease receivables hit €299bn in 2018, a 5.4% increase on 2017. The analysis found that the 50 firms ranked increased their total [...]
Revolving credit facilities are a kind of working capital finance. Like overdrafts, you can access approved funds as required, and interest can be typically charged on the amount withdrawn while it is outstanding. Revolving credit facilities can be a better alternative to overdrafts, which used to be readily available with the high street [...]
News, Views & more! Commercial Finance P2P lender MoneyThing closes down Peer-to-peer lender MoneyThing has announced it is closing down and is no longer taking any new investments or new customers. A statement on the lender’s website said: “We have found it is increasingly difficult to compete [...]
News, Views & more! Commercial Finance Banks tighten lending to SME retailers New figures from accountancy firm Moore have revealed that lending to SME retailers has fallen from £15.6bn to £14.7bn since 2016, with banks showing greater reluctance to hand out loans amid uncertainty over Brexit. Over [...]
Two brothers with experience in domestic building had decided to expand their business toproperty investment and devleopment. Both having completed many refurbishments for clients, they were keen to find a property they could refurbish themselves and sell on for a profit. After looking at several properties and visiting auctions to gain an understanding [...]
If you're looking to purchase a commercial property for an investment or because you want to purchase the premises you rent, then you'll probably need a commercial mortgage to finance the purchase. Before you start looking for a mortgage it is best to have an idea of what your monthly budget will be [...]
News, Views & more! Commercial Finance Octopus Real Estate Bridging & Commercial interviews Dan Murray, head of sales at Octopus Real Estate, who talks about a buoyant market in the North but also about the growing concerns in the specialist lending sector. He says the specialist lending [...]
One of the first questions I get asked is “What will it cost me to use you? I can organise a business loan myself!” There are two things that come to mind in the first instance, which will help to explain the mindset to which formulates this question. Would you instantly think about using [...]
I have only ever dealt with my bank, what are the choices? There have been several reports recently that have depicted the current understanding, by the UK's SME's, of lending options outside of the traditional banking model. For example in 2018, 70% of SME's did not look into further funding solutions once [...]
