It is hugely frustrating for all of us keen to support British businesses in accessing finance at the current time. I will not be negative about the CBILS because everyone seems to be doing their best (particularly front-line bankers) but a better way has to be found for ‘next time’ (and there obviously will be a Read more about When this is all over, Business UK needs one of these…Please![…]

Fewer businesses now rely on an overdraft facility from their bank – the reason being a combination of banks being less inclined to offer them (regulatory and cost reasons) and business owners wanting to be less reliant on the bank. However many DO, and where it works for them it is a lifeline in times Read more about When is your overdraft due for renewal? Do you actually know![…]

There is a lot of concern for businesses in the current ‘Lock Down’ and particularly those smaller operations which rely on consumers spending day to day money; pubs, restaurants, gym’s etc. Personally, I’m more concerned for UK Plc if those businesses fail rather than the large Corporates, such as airlines. These have more capability to Read more about Getting cash quickly (i.e. now) into suffering businesses[…]

The impressive growth of platform lenders to SME’s has certainly filled a gap left by the high street banks for lending of a certain kind. But it has also been driven partly by ‘convenience’ – getting a decision almost instantly and then having access to funds within days has appealed to borrowers. However, these deals Read more about Personal Guarantees – the next scandal? and why no central register?[…]