Start Up Loans, Finance Comparison Websites, Borrowing Application Success Rates – BFB Epsd 112

http://www.businessloanservices.co.uk

In this episode of the Business Finance Bulletin we start off with news of the latest addition to the BLS team, Simon Watts. We will be hearing from Simon in a future Bulletin with his thoughts on obtaining finance from banks.
Access to finance for start ups has always been a challenge and in this episode we look at a milestone reached by the Start Up Loan Company which was established in 2012 to help new businesses get finance.
Increasing competition in the SME finance sector has always been on the government’s radar and as part of its review into this issue the Competition and Markets Authority is advocating an SME finance Price Comparison website. Could it work?
Continuing our look at the findings of the latest SME Finance Monitor Report we look at the gap between business owner’s confidence levels at getting finance and what the actual success rate is after they have applied.
In the Business Finance Tip of the Week Rob shares a lesson learned from three recent client meetings which reveal that banks are indeed waking up.