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ABFA reports localised recovery in the UK

Economic recovery in the UK is very much localised, according to the Asset Based Finance Association s (ABFA) Economic Report for the third quarter of 2009. Kate Sharp, chief executive of the ABFA, states within the report, the asset based...

#asset based finance#bank#Bank of England

Lloyds launch bad debt insurance for SMEs

Lloyds banking group has today launched a bad debt insurance product, specifically aimed at small and medium-sized enterprises still struggling…

#bad debts#bank#commercial finance


SMEs cautiously optimistic according to Close survey

Results from the Small Business Finance Barometer Survey conducted by factoring firm Close Invoice Finance could suggest that optimism is…

#business finance#cash-flow#invoice


Positive annual figures for Ultimate Finance thanks to 'prudent...

Ultimate Finance have released their annual figures for the year ending June 2009, reporting a £406,000 profit before tax and…

#bank#Bank of England#commercial finance


Scotland's SME finance in 'stranglehold,' say FSB

In a recent interview with The Herald Scotland, the Federation of Small Businesses has voiced concerns that the two foremost…

#bank#financial services#recession


Credit insurance claims decrease while insolvencies rise, according to...

Trade credit insurance claims have decreased for the first time in a year during the second quarter of 2009, according…

#insolvencies#insolvency#risk


Absolute to begin recruitment drive

Following their recent re-launch Absolute Invoice Finance, formerly Cattles Invoice Finance, have announced they will begin a huge recruitment drive…

#bank#invoice#management


July net lending lowest on record according to Bank...

The Bank of England’s “Trends in Lending” September 2009 report, released on Friday, revealed that net lending fell to its…

#bank#Bank of England#invoice


Bibby chief urges larger firms to take up invoice...

 Edward Rimmer, Chief Executive of Bibby Financial Services, has spoken out against larger firms failure to sign up to the…

#financial services#invoice#late payment


GMAC to quit UK market, reports The Independent

The Independent reported on Sunday that GMAC Commercial Finance are to withdraw from the UK market. According to the Independent article, the…

#bank#commercial finance#credit risk


NACFB survey finds invoice finance availability up 20%

Availability of invoice finance is up by more than 20 percent since last year, a survey by the National Association…

#cash-flow#commercial finance#funding


Cattles Invoice Finance re-launches as Absolute in Ј70 million...

Cattles Invoice Finance has re-launched as Absolute Invoice Finance, as AnaCap Financial Partners completed a £70 million deal for the…

56% SMEs unaware of government help

More than half of small businesses in the UK are not aware of the Government financial help available to them,…

#guarantees#small business#smes

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