NEWS

The latest from Balance for Business

Two in five firms plan to start exporting

Two in five UK businesses have dismissed market uncertainty and are planning to export for the first time or enter a new market in six months, according to a report from Lloyds Bank. The prospect of increased profits and turnover were the main reasons why firms were looking to expand their business abroad, with 18% […]

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Small firms embracing alternative finance

The rapid growth of alternative finance such as crowdfunding and royalty financing has seen more small businesses exploring options other than bank loans. Figures from UK Finance show the value of new loans to small businesses came to £5.6bn in the final quarter of last year – down 11% on a year earlier. The Sunday Times notes […]

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SME builders turn to bridging

Benson Hersch, CEO of the Association of Short Term Lenders, says that many SME housebuilders are finding it difficult to get finance from high street institutions and instead turning to the bridging industry for help. He adds that members of the Association of Short Term Lenders are increasingly providing development funding in addition to their […]

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Bridging loan volume rises in Q1

The latest Broker Sentiment Survey by lender mtf has found that bridging loan volume rose by almost a third in the first quarter of 2018 as demand for short term finance remained strong. Some 30% of the brokers asked, experienced a rise in bridging loan volume, with the biggest demand coming from the South East […]

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EU ramps up VC plan to boost start-ups

The EU yesterday launched a venture capital “fund of funds” aimed at boosting investment in innovative start-ups. The move aims to narrow Europe’s gap with the US and China in turning small firms into “unicorns” with high market valuation. The plan proposes to double the amount of venture investment and raise an additional €6.5bn from […]

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Londoners most aware of alternative finance

Just 42% of SMEs from London say they have a good understanding of alternative finance options available, outside the banks, for help with exporting. The survey on exports and business finance, commissioned by alternative finance provider Growth Street, also revealed that half of SMEs in London and just 30% of businesses from the UK as […]

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Small business demand drives asset-based lending

Invoice finance and asset-based lending in the UK and Ireland rose to £23.4bn at the end of 2017, a 5% increase on the previous year. The figures, published by UK Finance, show invoice finance and asset-based lending to small businesses increased by 19% in December 2017 compared to the previous year, with advances worth a […]

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RBS invites small firms to leave

Royal Bank of Scotland has begun writing to its small business customers, inviting them to switch to another bank. As part of RBS’s £45bn taxpayer-funded bailout, it is being forced to provide £350m for rivals to offer incentives to customers to switch (the subject of the letters), as well as £425m for a “capability and […]

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Administration Assistant – Plymouth

Background Balance for Business is a young and vibrant firm founded in 2010 by our Managing Director, Dave Ottley. We are authorised and regulated by the Financial Conduct Authority and proud members of the NACFB. We are a Commercial Finance Brokers that specialises in sourcing all forms of business funding, on behalf of our clients, […]

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Businesses planning to maintain investment

Research by law firm Herbert Smith Freehills suggests at least 80% of businesses are planning on maintaining or increasing their level of investment this year. A survey of financial directors and treasury professionals at 60 major UK corporates found that appetite to invest in their own businesses remained the same or higher than in 2017. The […]

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