All articles by Brian Cantwell
Brian Cantwell
IT equipment finance for October double same month last year
IT equipment finance in the UK more than doubled (52%) from last Octobers figure of £112m to £167m to the same month this year, according to figures from the Finance & Leasing Association (FLA).
UK Autumn Statement: Govt backs alternative finance providers
The government intends to name the big banks that will be required to open up access to their credit data and refer on any SMEs that they turn down for finance, while supporting financial technology firms who want to use bank data to help consumers and small businesses make better decisions.
UK Autumn Statement: Treasury frees up P2P lenders
The UK will relax pressures on peer to peer (P2P) lending scheme participants by removing the need to pay income tax on any bad debts incurred from lending through the P2P format.
UK Autumn Statement: Govt promises up to £1bn extra lending
The UK Chancellor for the Exchequer George Osborne has said in the Autumn Statement that British businesses will be able to unlock up to £1bn (1.27bn) of credit through extensions to schemes run by the British Business Banks (BBB)
UK Autumn Statement: FLS to be extended for one year
The UK Chancellor for the Exchequer George Osborne has said that the Treasury plans to extend the Funding for Lending Scheme (FLS) for an extra year until 29 January 2016.
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Hitachis UK broker scheme sees first registrants receive FCA permissions
The first set of UK regulatory permissions have been granted to UK brokers working through Hitachi Capital Business Finances regulatory training scheme.
Deutsche Leasing records 7.9bn business
German leasing group Deutsche Leasing recorded European wide business volumes of 7.9bn, according to its financial report.
Online asset finance portal eyes £2bn SME funding target
Online asset finance portal alternativebusinessfunding.co.uk (ABF) is targeting £2bn (2.52bn) in SME finance after online asset finance providers TradeRiver Finance and Boost Capital joined the 11 providers already available through the platform.
UTB: UK brokers feel FCA changes will not affect business
The majority of UK brokers believe the coming regulatory changes to the UK market from the Financial Conduct Authority (FCA) will make little difference to their business, according to a survey from United Trust Bank (UTB).
Secure Trust Bank recruits six for SME business
Secure Trust Bank (STB) commercial finance has recruited asset finance individuals with work history at RBS Group, ABN Amro, Landsbanki, GMAC and HSBC to work on its SME focused business.