The Bank of England has confirmed that UK banks failed to meet their lending targets to SMEs in 2011, as set out under Project Merlin. Read more here...
The asset based finance industry has furthered its support to UK businesses in the wake of deteriorating credit conditions, according to the ABFA. Read more here...
Invoice finance reaffirmed its credentials to SMEs searching for a viable cash flow solution during the first three months of 2011. Read more here...
The government has launched the Business Growth Fund, a funding scheme aimed at assisting growing businesses with a turnover of between £10m and £100m. Read more here...
Banks are encouraging businesses to use alternative funding solutions, such as invoice finance, as opposed to loans and overdrafts. Read more here...
The EUF has reported a 17% rise in the turnover of the EU’s factoring and commercial finance industry in 2010, highlighting the benefits of trading overseas. Read more here...
The latest ABFA Economic Report reveals that asset based finance clients chose not to draw upon all of the money that was at their disposal during Q4 2010. Read more here...