Posted on 25 January 2012 by admin
Since entering the short-term lending market in mid-December 2011, Shawbrook Bank is set to begin its first complete year as an alternative lender with a bang.
The specialist savings and lending bank came to market in April 2011 after being bought by RBS Equity Finance, which allowed the business to grow. Subsequently, Shawbrook was able to buy further lending facilities, enabling the bank to develop towards its current model and branding launch in October last year.
Posted on 25 January 2012 by admin
In one of our previous surveys of 100 SMEs we found that 88% of respondents said that they used overdraft. This is significantly higher than the fraction of 1% that use invoice finance. This led us to investigate why customers seemed to opt for overdraft over invoice finance and if there was anything that could be done to switch customers to invoice finance from overdraft.
Posted on 25 January 2012 by admin
GE Capital, the finance arm of US industrial conglomerate GE, has posted a $6.5bn (€4.9bn) profit for 2011 – up some 107% from 2010.
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Posted on 25 January 2012 by admin
RSM Tenon have launched a new website, findingfinance.co.uk, designed to provide free independent funding advice to business owners.
The website, which went live on 20 January 2012, allows small and medium-sized business owners to look for alternative forms of funding, including invoice finance, asset-based lending, trade finance as well as business loans. The Finding Finance specialist advisers are based throughout the UK and do not charge users or take a commission from lenders helping ensure owners get the best deal for their business.
Posted on 25 January 2012 by admin
SMEs are entering 2012 with mixed emotions according to research by AXA Commercial Lines.
The survey found that while hopes for an increase in turnover are strong, expectations of profitability and plans for recruitment are less positive and it’s widely believed that downward price pressure will adversely affect success.
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Posted on 25 January 2012 by admin
As the New Year begins, members of Factorscan’s Editorial Board in the UK, Spain, Canada and Singapore, share their thoughts on the year that was, and consider what may lie ahead in 2012.
Posted on 25 January 2012 by admin
Nationwide, the largest building society in the United Kingdom, is considering offering loans to SMEs to broaden its traditional customer base and fill a gap in the market left by the biggest banks in the country, the Financial Times reports.
Posted on 25 January 2012 by admin
Ben Hayward has been appointed to the role of Regional Sales Manager for the Invoice Finance Division of new British bank, Aldermore. Reporting to Tony Smedley, Aldermore Invoice Finance’s Birmingham based Regional Managing Director, Ben is responsible for raising awareness of the bank’s invoice finance proposition in the Midlands area.
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