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UK small businesses spending GBP11bn chasing payments

According to the latest figures, UK government measures to improve late payments to suppliers have had some impact, but the burden on small businesses of chasing those payments remains severe (more…)

#bank#late payment#payment terms

More data required for achieving true cost comparison

Jeff Longhurst, CEO of the Asset Based Finance Association, responds to the claim made in trfnews feature article 'A Perfect…

#dynamic discounting#invoice#payment practices


Credit approval rates for small businesses rise 26%

Encouraging signs for firms wishing to gain access to vital cash, following the Bank of England's Credit Conditions Survey (more…)

#bank#Bank of England#IGF


Bibby Line Group chairman appointed CBI President

Paul Drechsler CBE, chairman of Bibby Line Group (the parent of Bibby Financial Services) succeeds Sir Mike Rake to become…

#British business#financial services#funding


New powers to boost UK exports announced

The recently announced UK government’s “Productivity Plan”, included the news that UK Export Finance (UKEF), the country's export credit agency,…

#bank#exporters#smes


RBS to grow asset based lending

RBS Invoice Finance has appointed a new face to head up its asset based lending for the South West of…

#alternative funding#funding#i


Smallest businesses waiting longer than ever for payment

Average wait for payment now 72 days for smallest businesses (more…)

#asset based finance#cash-flow#payment delays


Business development director joins Legion Trade Finance

UK-based Legion Trade Finance has expanded its team with the appointment of a new business development director (more…)

#Leumi ABL#smes#supplier payments


Lending to SMEs predicted to deliver highest margin growth

Lending to SMEs is expected to deliver the highest margin growth for banks out of any of their main product…

#banks#economy#small business


Atom business banking MD joins BCR conference panel

The managing director for business banking at UK-based Atom Bank has agreed to participate in the panel discussion at BCR’s…

#bank#conference#digital


New managing director at Shawbrook Business Credit

Shawbrook Bank has announced the appointment of Tim Hawkins as managing director, Shawbrook Business Credit, replacing John Onslow (more…)

#asset based finance#bank#commercial finance


Asset management

Over the past 20 years, the Asset Based Finance Association (ABFA) has grown from a small industry association which was…

#bank#Bank of England#invoice

UK Budget reaction

The Chancellor of the Exchequer, George Osborne, has announced GBP200,000 as the annual investment allowance (more…)

#Funding Options#guarantee#IGF

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