Tagged: funding xchange

More Competitive than Banks: Funding Xchange Shows Borrowing Costs Lower at Alternative Lenders

Funding Xchange says that borrowing costs for some UK businesses are dropping. Funding Xchange tracks the activity of 40 lenders specialising in small business lending. According to their forthcoming “SME Lending Monitor,” 60% of businesses with a reasonably good credit profile are able to access… Read More

UK Businesses Benefit from Referral Plan Where SMEs Rejected by Banks are Pointed to Alternative Finance

As in most parts of the world, smaller businesses drive the bulk of job growth in the UK. Over 99% of all UK businesses are SMEs employing 0-249 people and 96% (approximately 5.5 million) are micro-businesses employing up to 9 people, accounting for 33% of… Read More

Alternative Business Funding Ltd. Added to UK Government Matchmaking Service for SMEs Looking for Finance

A year ago today, the UK government launched a program that required banks to forward referrals of businesses that had been denied a loan. Nine of the UKs largest banks were compelled to share the info with Funding XChange, Business Finance Compared and Funding Options…. Read More

UK Banks Must Now Share Details on Rejected SME Loans with Alternative Finance Providers

As expected, the HM Treasury has announced that big banks must now pass on the details of SMEs rejected for loans to three finance platforms: Funding Xchange, Funding Options and Business Finance Compared. These three platforms will then disseminate the information to alternative finance providers… Read More

Funding Options Recommended for Bank Referral Scheme

Funding Options, a one-stop shop for SME finance, has been recommended for designation for the Bank Referral Scheme. Funding Options is a portfolio company of GLI Finance, an AIM listed company that controls multiple alternative finance platforms. In the Budget revealed earlier today, the Chancellor… Read More

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