All the latest business news, covering everything that can affect small businesses. News about leasing, factoring and general banking information.
A recent study by the business software services provider, Sage UK, has found that almost 25% of requests by small businesses for business loans were rejected by the banks last year. The study is compiled from around 1,000 responses to a survey which shows that around a quarter of all UK small and medium sized …
There was a time that the trade relationship between supplier and customer was pretty much a private matter. Not any more. Chances are that if you have a trade account with a supplier they are probably keeping tabs on your credit worthiness, just like your credit card provider does. 30 days credit means exactly that …
Smallbusiness.co.uk is reporting that many small business owners are fed up with having to pay the banks high rates on their business borrowing. Businesses believe that bank-lending terms are exorbitant, according to research from finance provider Syscap. Some 90 per cent believe that loan arrangement fees are excessive, while 75 per cent feel that the …
Wow, just in time for Christmas the Halifax try sew a little doubt into people’s minds when they are opening their Christmas presents. Thanks! New research from Halifax has revealed that there are an estimated 217,000 credit cards which are kept secret from spouses. The bank has warned that this could carry serious implications for …
Business website smallbusiness.co.uk is quoting three significant names in the UK small business arena as saying that we are not out of the woods just yet. Charlie Mullins, founder of Pimlico Plumbers, says he is not optimistic about next year. ‘We’re busy and slightly up on the first quarter, but I feel that the economy …
So on the one hand we appear to have reports saying that banks are not lending to businesses, and then we hear the banks saying “but nobody wants to borrow”. Is it any wonder that people get confused. The majority of businesses are choosing not to seek extra funding, claims a report from HSBC. According …