Financing business

Late payment improving amongst businesses

UK firms are waiting less time to receive payment from their debtors, according to data from Experian.

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Rogue money firms could face immediate closure from OFT

Businesses and individuals are to benefit from a Government clamp down on rogue companies that miss-sell consumer credit products or services.

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UK 'short-changed' by EU funding

MPs are calling for reforms to the way certain European funding is distributed, after a report revealed the UK receives less money than it originally puts in.

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New guidance for SMEs on alternative finance

New guidance on how to raise finance through alternative forms of lending has been launched for start-ups and small businesses.

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UK banking culture 'throttling' economic recovery

UK banks have been accused of 'throttling' the country's economic recovery because of an 'anti-business culture' and an 'obsession with short-term trading profits', business secretary Vince Cable has warned.

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Average cost of starting a business edges close to six-figures

Entrepreneurs require an average of £94,000 in capital to get their business off the ground, research from personal asset lender Borro has found.

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'Serious failings' in bank mis-selling to businesses

The Financial Services Authority (FSA) has found 'serious failings' in the ways banks sold specialist insurance products to businesses, it has announced.

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Scotland: SME access to finance eases

More than four out of five small businesses in Scotland are successfully applying for finance, latest figures from the Scottish Government indicate.

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Four in ten SMEs win appeal against rejected bank loans

Around 40 per cent of SMEs who had their loan requests rejected by a bank have had their appeals overturned, an annual report from the British Bankers Association (BBA) has found.

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£100 million of SME funding open to alternative lenders

The Government has opened up £100 million in funding to alternative lenders wishing to invest in small businesses.

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