NEWS

The latest from Balance for Business

We are hiring – Client Account Manager

Background Balance for Business is a young and vibrant firm founded in 2010 by our Managing Director, Dave Ottley. We are a Commercial Finance Brokers that specialises in sourcing all forms of funding, on behalf of our clients, who are predominantly based in the South West/South East of England. As well as Commercial Finanace, we […]

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Close Brothers’ loan book boosted by strong property finance quarter

Close Brothers Group’s banking division has reported a 4.1% yearly rise in its loan book following a strong period of growth in property finance. The loan book stood at £6.7bn as of 30th April 2017, up from £6.2bn at the same time last year. The announcement follows the group’s acquisition of legal sector finance provider […]

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Aldermore launches contract finance product

Aldermore has announced the launch of a new contract finance offering. The new service will enable SMEs with an annual turnover above £250,000 to release working capital by advancing funds against their contractual billing. “We have launched our contract finance offering at a time when a growing number of companies are entering into long-term contracts […]

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Islamic bank opens new London office to meet commercial finance demand

Al Rayan Bank has opened a new office in London’s West End to support its growing commercial finance business. The expansion follows the appointment of two new recruits from Nationwide Building Society in April, which increased the bank’s commercial property team to 11 frontline staff. Commercial property financing was the fastest-growing element of Al Rayan […]

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Housebuilder acquires southern developer

Housebuilder Galliford Try has announced that its partnerships business has completed the acquisition of a leading developer in the South of England. Southampton-based Drew Smith Group – which comprises Drew Smith Limited and Drew Smith Homes – specialises in mixed-tenure developments, land promotion and planning services. The acquisition comes as part of Galliford Try Partnerships’ […]

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Mobile bank reaches 200,000 customers

Monzo has revealed that over £250m has been spent via its cards by more than 200,000 customers. The challenger bank has seen a significant rise in customers since hitting the 100,000 milestone just three and a half months ago. The announcement comes a month after Monzo became a fully authorised bank whereby it could begin […]

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Developer enters Irish market with student accommodation plans

Crosslane Student Developments has submitted its first purpose-built student accommodation planning application in the Republic of Ireland. The plans outline the proposed delivery of a 232-bed development in Dublin city centre due for completion for the 2019/20 academic year. Estimates from the Higher Education Authority in 2015 suggested a need for about 25,000 more student […]

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MGB takes a new line in rail finance

Plymouth-based MGB, which specialises in engineering for safety critical industries, is gearing up for growth thanks to the planned investment in the UK rail network and an innovative injection of crowdlending. The company, which was formed in 2004, has secured £500,000 in funding from leading UK crowdlender Archover based on secured contracts and its potential to […]

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What Is The Reality For Business Borrowing?

Whist the current economic climate is challenging we all have to accept that business funding remains difficult to obtain. The entire dynamic of the banks operating procedures relating to business lending has changed to an unrecognisable point and it continues to change on an almost daily basis. No longer do we live in a world where our Bank […]

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Back To Basics – Banking And Funding

There are a number of key areas where profits leak from a business. These common problems apply across a wide range of businesses to varying degrees. Key questions to ask are therefore…   A) Have you reviewed your current funding in the past 6 months? If you haven’t reviewed this in the last 6 months, then […]

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