Business Lending set to hit a seven-year low

By on August 7, 2013   /   Blog Post, business, Investment   /   Leave a comment
Business Lending set to hit a seven-year low

Business lending is on course to slump to its lowest level for seven years, a recent report warns. UK banks will lend £422billion to British firms this year – the lowest amount since 2006. This is well below the £575billion lent in 2008 before the financial crisis. The recent figures from Ernst & Young underline the crisis facing companies as banks starve them of the funds they need to prosper which poses a serious threat to the economic recovery. The report also warns that lending will not return to its pre-recession

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Are Santander and Funding Circle set for a tie-up?

By on August 7, 2013   /   Blog Post, business, Crowdfunding, Investment   /   Leave a comment
Are Santander and Funding Circle set for a tie-up?

Santander is trying to enter the rapidly growing lend to save market and team up with one of its biggest players, Funding Circle, some reports have claimed. The UK arm of the Spanish bank is in discussions with Funding Circle – which lends money from private investors direct to to small and medium-sized businesses – in a move which could undermine the sector’s position as an alternative to the big banks. According to the Financial Times, Funding Circle’s ability to tap into the balance sheet of one the UK’s biggest

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