Bibby Financial Services is to start offering the Export Insurance Policy, which protects businesses against the risk of non-payment by overseas buyers, to its customers which will allow further funding for exporting businesses. The policy is provided by UK Export Finance (UKEF), the government body created to support exporting businesses, as well as SMEs looking to trade overseas, by providing credit insurance policies, political risk insurance and guarantees on bank loans. Regions covered by the... Read more >

UK SMEs face an average seven-week wait for invoices to be paid, according to new statistics from Clydesdale and Yorkshire Banks. Not only does this put pressure on cash flow it can also threaten the survival of thousands of SMEs across the UK. In a bid to support small businesses facing invoice delays, Clydesdale and Yorkshire Banks are ring-fencing £100 million for cash flow finance from their recently launched £1 billion Business Expansion Fund. The £100 million of additional invoice finance... Read more >

According to new research by Lloyds TSB Commercial Finance, the number of SMEs experiencing cashflow problems has increased in the last year. The survey shows that over a third of businesses (35 per cent) are experiencing cashflow difficulties. This is an increase on the same period last year when just over a quarter (28 per cent) of businesses had problems with their cashflow. The data is taken from the bank’s bi-annual ‘Business in Britain’ survey, which questioned over 1,700 firms across... Read more >

Euler Hermes has launched Simplicity, an ‘off the shelf’ trade credit insurance policy that protects very small businesses from the risk of not getting paid by their customers. ‘Simplicity’ is designed to bring peace of mind within minutes to small firms struggling with poor paying customers. It offers simple pricing, simple administration and a simple and fast claims process on all debts over £200 so that if a payment remains outstanding, the potential impact on a company’s cashflow is... Read more >

Factoring companies that lend to businesses that subsequently fail, often within weeks, should be prevented from receiving termination fees. The comments, from the alternative lending provider Nucleus Commercial Finance, challenges the current practice from some quarters of the asset-based lending industry that allows businesses to lend to ailing companies in the full knowledge that they will fail – and are even allegedly made to fail – sometimes only days after new funding has been agreed. Chirag... Read more >

← Previous Entries