Tagged: british business bank

February 3, 2016 @ 2:30 pm By JD Alois  |  

In the UK, similar to other parts of the world, SMEs are the engine of economic growth and associated job and wealth creation.  According to the Federation of Self-Employed and Small Businesses (FSB); Small businesses account for 99.3% of all private sector businesses at the… Read More

December 9, 2015 @ 8:43 am By JD Alois  |  

RateSetter has been working with the British Business Bank since July of 2014. Since that time RateSetter has facilitated approximately 1000 loans to sole traders and partnerships. Now, according to a report from RateSetter, the relationship will expand into SME lending. Rhydian Lewis, CEO of… Read More

July 29, 2015 @ 6:39 am By JD Alois  |  

Funding Options and Finpoint, both GLI Finance portfolio companies, have been shortlisted for the British Business Bank referral program.  Established under the Small Business Enterprise and Employment Act, the program requires traditional banks to refer any SME whose loan has been rejected to an alternative… Read More

March 26, 2015 @ 1:49 am By Midori Yoshimura  |  

If your small firm is rejected for a bank loan in Britain next year, consider hearing out the bank’s entire response: There are alternatives. A British government scheme that requires banks to refer small firms rejected for loans to alternative finance providers is expected to be underway by… Read More

February 23, 2015 @ 11:30 am By JD Alois  |  

Chief Secretary to the Treasury, Danny Alexander, noted today the overwhelming importance of small business to the national economy; “Small businesses are the backbone of the British economy, so it’s only right that the government supports viable small businesses, particularly those struggling to access conventional finance.” “To… Read More

January 20, 2015 @ 12:20 am By JD Alois  |  

The UK government has announced the 25,000 loan provided to a small business as part of its Start Up Loan program.  The program provides capital and mentoring for small businesses.  The Start Up Loan initiative was created in 2012 and since that time it has… Read More

December 22, 2014 @ 12:27 pm By JD Alois  |  

Deputy Prime Minister Nick Clegg has announced that up to £50 million will be made available for regionally-focused business lenders through the British Business Bank. Deputy PM Clegg commented on the announcement; “Britain’s economy isn’t built solely around big business. In fact, smaller businesses represent 99% of… Read More

November 14, 2014 @ 9:08 am By Erin Hobey  |  

Dr. Mia Gray opines about the recent Nesta and University of Cambridge report.   To recap, Nesta, a UK based innovation charity and staunch proponent of entrepreneurship and creativity, recently published an update on the alternative finance industry in the United Kingdom.  Crowdfund Insider JD Alois explains, “The report notes… Read More

October 9, 2014 @ 1:26 pm By JD Alois  |  

Shire Leasing, a company that provides lease finance to small businesses, has received an £80 million boost from an investment by the British Business Bank and the private sector.  This is part of a wider UK government policy to make it easier to setup and… Read More