edward rimmer

Alternative Finance Provides Comfort for SMEs

Conventional bank loans, often seen as the traditional option for raising business finance, are being ignored by small and medium-sized businesses due to worries about restrictive eligibility criteria and the wide range of other finance options available, says Bibby Financial Services. Although statistics from the CBI show that bank lending to businesses increased in November 2009 for the first time since January 2009, lack of access to finance over the course of last year saw many businesses turn to other options. Research Bibby Financial Services carried out into the financial intermediaries sector in 2009 found that the question of raising finance is a key concern for four in 10 small and medium-sized businesses but, more alarmingly, three-quarters (74.3%) had found that stricter bank l... »

Bibby Financial Services Business Factors Index

Caution Underpins 2010 Business Trading

Second Index report tracks small business debt factoring volumes and economic opinion across end of 2009. A third of UK businesses are not expecting trading conditions to recover from current levels for at least a year, suggesting firms are taking only tentative steps towards recovery despite expected GDP growth in Q4 of 2009, according to the latest Bibby Financial Services Business Factors Index. The study reveals: Q4 2009 saw the Index average – the measure of output across all of the sectors within the Index – rise 2.5 points higher than the previous quarter, signalling a slight return to growth at the end of 2009. Despite an improved outlook in Q4, business owners remain as reluctant about a recovery over the next six months as they were in Q3 of 2009. Almost half (48%) fe... »