Growth capital loans are an alternative source of funding for fast-growing small and medium-sized businesses. It is capital that can help companies grow but which does not require to give up control of the company or dilute its equity.
OakNorth has appointed a new CFO as it approaches the £500m lending milestone, while it plans to unlock access to finance for many more entrepreneurs this year.
Specialist stores that provide expert advice are at risk of being driven off the high street – here, we look at what they can do to keep pace with the giants.
Many businesses aren’t prepared for death, caught out when the unforeseen departure of a director or shareholder becomes reality. The resulting problems not only impact the company but also the deceased’s loved ones and their employees, both of whom can be left with unwanted issues to contend with.
A new mobile business loans service from Barclays, which will provide instant capital to SMEs, is set to unlock a £34.25bn economic opportunity for growing companies by 2021.
Metro Bank has started the New Year with an immediate push for new customers by pledging a £1bn fund for British businesses.
According to business and energy secretary Greg Clark, who was recently appointed by new prime minister Theresa May, Britain’s entrepreneurs have received £250m worth of investment from the government’s Start Up Loans programme.
A new venture aimed at “re-shaping” the mortgage sector has brought together a team with experience including roles at Santander, Experian, Morgan Stanley and Thomas Cook.
High street banks must have known it was coming, but a new report from the Competition and Markets Authority (CMA) has put some firm dates for technical innovation in place – and some banks may be led kicking and screaming into a brave new world.
Leon, the natural fast food business inspired by the Mediterranean, has secured a £19m loan from entrepreneur-facing bank OakNorth to grow its operation with 50 new jobs in the next four years, which will create 1,000 new jobs.
On the surface, HSBC’s announcement of its largest funding commitment to date for UK SMEs may seem astounding. It is well known that since the financial crisis banks have been lending less to small businesses, hence the rise of alternative finance.
Mark and Matthew Steer are the father and son duo behind Lancar, a Sheffield-based business that has scaled from IT service provider into pub acquisitions – a move which has now resulted in the launch of independent brewery Little Critters.