There are holes in Chancellor, Rishi Sunak’s financial plans for the self-employed, and even the mainstream media are clocking onto it.
At a time when Britain’s small businesses are at their most vulnerable, government and banks risk putting us all into debt.
The Financial Conduct Authority has confirmed that it will be investigating the high-cost credit industry, which includes rent to own, catalogue buying and overdrafts.
High street bank Lloyds has launched a £100m SME infrastructure fund linked to the Hinkley Point C nuclear power station in Somerset.
Monzo Bank has launched overdrafts for account holders after the challenger announced it had reached a milestone of 500,000 customers just one month ago.
Most entrepreneurs resort to fundraising for capital. However, organising and executing a successful funding project is a big deal and not many businesses can pull it off.
All bridging loans are typically secured against a commercial or residential property or sometimes a business.
Lending platform ThinCats and parent company ESF Capital have introduced a £200m SME funding programme for British growth businesses.
The government has announced that its bank referral scheme has helped 230 British businesses access £3.8m of funding in its first nine months, but should we be celebrating that statistic?
All businesses have costs, and sometimes getting a scale-up off the ground requires a cash injection. Not everyone is lucky enough to have the bank manager on their side though – so where else can you turn?
Tide, an SME banking app, has secured a $14m Series A investment from Spotify and iZettle investor Creandum and fintech fund Anthemis.
While financial technology entrepreneurs have put the UK on the map of late, there is still for banking innovation to shake up dormant service offerings.