CYBG PLC, owner of Clydesdale and Yorkshire Banks, is making a minimum of £6 billion of lending available from 2017 to 2019 to help fuel the growth of small and medium sized businesses in the UK. The Bank’s long-term commitment to lending includes significant amounts of finance available across the UK economy through 2017 £1
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Tag Archive for Banking
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The rise of the hand-me-down bank
by Owen Gough • • 0 Comments
More than half of consumers (55 per cent) follow their parents and other relatives when deciding where to bank, according to a global study conducted by customer engagement specialist Affinion. The influence of family came above advertising (49 per cent) in the study which measures the drivers of customer engagement in the financial services industry. Friends were
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Have SMEs got the cashflow to tackle the new year slump?
by Owen Gough • • 0 Comments
For many SMEs, after the excitement of the festive period and the January sales finally abates, mitigating the drop in cashflow caused by consumers tightening their purse strings can put serious pressures across all business functions. To help bridge the gap, businesses and their supply chains need to ensure they have the working capital required
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Blundering banks: The research that shows businesses are being failed
by Ben Lobel • • 0 Comments
Nearly half (47 per cent) of small and medium-sized business (SME) owners claim the business advice they received in the last year from their mainstream bank had a negative impact on their business operations and one in six (16 per cent) of these suggest their business is now in a worse position as a result. This is
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Cost of SME borrowing to soar above £50 billion in 2017
by Owen Gough • • 0 Comments
British small and medium-sized businesses are planning on borrowing an average of £41,770 in 2017, according to new results from Zurich SME Risk Index. This would mark an increase of approximately one fifth (22 per cent) compared with 2016, when small businesses borrowed on average just £34,375. As a result, should the number of businesses that
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Glimmers of positive growth for SME lending for 2017
by Owen Gough • • 0 Comments
Lending to small and medium sized businesses (SMEs) across the top 10 UK cities dropped by over £2 billion in one year, according to the SME Growth Watch Report 2016, from specialist challenger bank Hampshire Trust Bank. However, early indicators in 2016 reveal an uplift in lending to SMEs and confidence that they can secure
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Lack of support from high street banks puts SME growth at risk
by Owen Gough • • 0 Comments
A lack of support from high street banks for SMEs means many are resorting to alternative funding, according to Close Brothers Group’s latest report, Banking on Growth: Closing the SME funding gap. While 38 per cent of all SMEs have used bank loans to grow their business, it is the larger, more established SMEs that are most
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Make sure your banking suits your SME needs
by Ben Lobel • • 0 Comments
It’s amazing how many small businesses will stick with the same way of banking, or the same bank, for years – even if it doesn’t really work for them. We all get used to doing things a particular way, and it’s only when it’s pointed out to us that we realise how inefficient and unsuitable
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SMEs don’t understand personal guarantee in business loans
by Owen Gough • • 0 Comments
SMEs are signing up to livelihood threatening loan conditions, ignorantly, a report exposes today. The research by Wirefund, an SME loan provider, reveals that the majority of SME owners have no idea what a personal guarantee is, despite it being a requirement from banks and many alternative finance providers when lending to businesses. Wirefund asked
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Why you should look into charge-free banking for your small business
by Ben Lobel • • 0 Comments
In today’s competitive business landscape, so many small business owners operate on tight margins, and keeping an eagle eye on outgoings is imperative. In the day-to-day struggle of running a company, banking charges may easily be overlooked when it comes to breaking down your costs. But as a business owner it is well worth shopping
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