The Bank of England has today announced a bank interest rates rise, which will be the first in a decade, and the UK’s entrepreneurs have been vocal with their thoughts.
More SMEs are posting profits and securing overdrafts and loans from banks, new research on the state of business in the UK has revealed.
According to the Consumer Finance Association (CFA), “severe restrictions” on payday lending could push borrowers into taking the risk of approaching loan sharks. Its comments haven't been well received by industry leaders.
Russell Gould, COO at Everline and ezbob, crunches some numbers and looks at whether small businesses are being turned off of pursuing future growth because of a lack of expansion capital.
There has been a downward trend of traditional business lending and the alternative now seems to be borrowing money from trusted friends and family.
Last month, government borrowing was £11.8bn, an increase of 1.6bn compared to last year, according to a recent report from the Office for National Statistics.
A Government-backed report released by the UK Intellectual Property Office (UKIPO) has concluded that banks are out of step in the way they value intellectual property (IP).
Three quarters of small businesses are unhappy with traditional lenders and more than half (51 per cent) think they aren't interested in their business, according to new research.
Appetite for finance is falling among SMEs, research shows.
The Royal Bank of Scotland has been accused of "killing off" struggling but viable businesses in order to seize their assets in a report published today.
Bank lending to businesses fell by £2.3bn in the three months to August, new BoE figures show.
More and more small and mid-sized businesses avoid asking for funding because they think themselves unlikely to receive any, a new report has found.