Fred  Crawley, Senior Reporter at Leasing Life reports “The days of the wholly manufacturer-owned captive finance model may be numbered.” Continue Reading

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Glenn Blackman of Cashflow Acceleration’s recent survey of 100 SMEs (small and medium sized enterprises) indicated that 27% of SMEs believe invoice finance could be more well known amongst businesses, were it advertised by banks.  Continue Reading

For the second year running, Aldemore has scooped the Best Commercial Lender accolade at the annual Bridging & Commercial Awards. Continue Reading

Barclays Corporate has hired Tom Addyman as a Relationship Director for its specialist Retail and Wholesale team. Continue Reading

East Midlands the most improved region.
101-500 employee companies see insolvency rate fall the most. Continue Reading

The future for light commercial vehicles (LCV) looks bright, according to Steve Crawshaw, specialist consultant commercial vehicles at LeasePlan. Continue Reading

“Latest figures published by the Bank of England have revealed that lending by Britain’s banks to businesses continues to fall this year. SMEs are being particularly hard hit, despite the Project Merlin initiative. But the blame does not only lie with the banks. Fear of rejection and reduced levels of trust have often resulted in businesses approaching providers for funding too late, by which time their financial position has inevitably weakened.

“Whilst there is now mounting criticism regarding the lack of bank lending, banks have also previously been criticised for irresponsible lending. It is essential that banks and funders ensure that responsible frameworks are in place for the benefit of the whole economy. Whilst economic figures have shown growth, the reality is that day-to-day trading remains tough. Therefore, looking at funding solutions which allow greater levels of flexibility and growth in line with turnover is an excellent way of ensuring funding is available when any opportunities arise.

“Taking all of this into account, I think we will start to see an increase in the use of alternative forms of funding, such as invoice finance, where providers have the scope to look beyond rigid financial criteria. This would also allow them to consider the wider picture of a business’ health and suitability for the many tailored solutions available to assist the UK SME.”

Evette Orams - MD, Hilton Baird

Contributed by Hilton Baird

Latest Invoice Finance & Asset Finance/Leasing Jobs from Commercial Finance People Recruitment. Continue Reading