Improvements in SME Lending Conditions Small businesses have benefited from record levels of financing thanks to a long awaited improvement in SME lending conditions, and a rise in fresh lenders including; peer-to-peer lender Wellesley & Co., founded in 2013, and Shawbrook Bank, established in 2011. Additionally, a report from the Bank of London and The…
According to BDO’s Manufacturing Index, which measures expected growth rates, expectations have fallen from 113.2 in August to 111.68 in September. With the manufacturing industry’s biggest market being the EU, poor economic performance of Europe’s biggest economy, Germany, was definitely a factor in this decline. However, there is a way the manufacturing industry, especially the small…
The fortunes of the UK’s financial services companies has improved markedly in recent months according to a recent survey. The survey, which was conducted by the Confederation of British Industry (CBI) and the consultancy firm PWC, indicates strong signs of growth concerning the 109 companies surveyed. The survey revealed that, over the last few months,…
Business confidence shared by small companies has continued improving over the east quarter. Sixty per cent of companies surveyed by the Federation of Small Businesses (FSB) expect further growth during the next year. All industrial and activity sectors reported a positive attitude for the seventh consecutive quarter, meaning that a more positive and optimistic outlook…
Image Source Politicians have been warned by the EEF trade body that some “hard lessons” need to be learnt, concerning the state of the UK’s manufacturing sector. Representing Britain’s manufacturers and engineers, EEF have issued a manifesto that offers policy ideas to the three biggest political parties in the UK. At the heart of its…
In spite of a recent dip in output, the future still looks bright for UK manufacturers. A study just published by the EEF shows that investment intentions amongst companies remain positive, with many pressing ahead with plans to invest in machinery and recruit skilled employees. In fact, investment intentions have now been positive for seventeen…
The bank is the traditional place to take out a start-up loan, but today an increasing number of small and medium businesses are looking elsewhere for financing. Following the credit crisis of 2008 and the loss of confidence in banking that followed, alternative methods of obtaining capital are gaining popularity. The Office of Fair Trading…
Economy Growing – Banks not lending – County Finance provide the alternative The Bank of England declared yesterday that the British Economy is ‘building momentum’ and growing at the fastest rate for seven years but they also stated that banks are starving SME’s of cash with net lending figures plunging. County Finance Group remain wholeheartedly…
County Finance Group Joins Respected Finance Brokers’ Group County Finance Group is delighted to have become a Patron of highly respected industry organisation the National Association of Commercial Finance Brokers (NACFB). Founded in 1992, the NACFB is the UK’s trade body for business finance brokers. All Members, including us as Patrons, sign up to and…
County Finance Group is delighted to launch a special service that will provide a vital alternative means of funding to small and medium sized enterprises. With bank lending to SMEs at its lowest level since 2006, our Merchant Cash Advance Service will offer a lifeline to businesses by enabling them to sell a percentage of…