Small businesses used to plug tax gap

SMEs

SMEs warned to take care when choosing lenders

The National Association of Commercial Finance Brokers (NACFB) is advising SMEs to read the fine print when seeking finance after its number of rejected lenders skyrocketed in the last two years. A growing number of so-called ‘bandwagon’ lenders and ‘flatpack’ finance providers have entered the commercial finance market and are posing a significant threat to …

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Lending to SMEs grows for the first time since the recession

A comprehensive survey conducted by the British Business Bank has revealed that lending to small and medium-sized businesses in the UK is growing for the first time since the financial crisis began. The Government-backed lender welcomed the renewed availability of bank debt in its Small Business Finance Markets Report, which increased for four consecutive quarters …

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Late payment terms remain miserable for small businesses

Efforts to eliminate the problem of late payments in the small to medium-sized enterprise (SME) sector is not working, according to a new study by invoice specialists Tungsten Network. The Prompt Payment Code Advisory board was set up to support and advise the Government on strengthening the Prompt Payment Code, which encourages businesses to pay …

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