LATEST FROM THE NACFB

  • Information matters

    August 18, 2017

    When I first became aware of the NACFB about 15 years ago, it was from the perspective of a lender. Now my perspective has necessarily changed. One of the more challenging parts of the CEO role is to balance the needs of lenders and brokers in a way that’s fair to all. Industry overviews, networking…

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  • Growth Street joins Nesta’s £5m Open Up Challenge

    August 18, 2017

    Small business lender Growth Street has been selected to participate in Nesta’s Open Up Challenge. As one of 20 Stage 1 participants, Growth Street will work to develop new tools and change small business banking in the UK. Growth Street will build services that use new open banking APIs in readiness for the onset of…

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  • ThinCats helps fund unique marine training facilities

    August 18, 2017

    ThinCats, pioneers of the alternative lending industry, have joined forces with Edinburgh-based finance expert Alderburn Finance, and specialist marine training and consultancy provider Stream Marine Training (SMT), to provide them with funds to bring a unique offering to Scotland. The first of its kind outside of the South of England, SMT is housed in the…

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  • West One is actively shaping the industry

    August 18, 2017

    West One is one of the leading providers of bridging finance in the UK. In June we broke our own monthly record, lending £62m to bring our current book of bridging finance to over £400m. In total, we’ve lent around £2.5bn since we began lending over 10 years ago. Around 85% of our lending is…

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  • Nearly half of SMEs ‘turn down work’ due to unreasonable demands

    August 18, 2017

    Almost half of SMEs have turned down a contract or order due to not being able to deliver the work, new research has revealed. The study from Hitachi Capital Invoice Finance shows how ‘unfair reasons’ are the predominant cause for SMEs having to say no to paid work. This includes reasons such as the contract…

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  • The end of low interest rates?

    August 18, 2017

    Markets, economists and other experts haven’t had a great record of making the right calls in recent years. Indicators such as higher inflation, low unemployment and high levels of consumer debt are driving sentiment towards a slow but steady rise in the Bank of England’s base rate. At the June meeting of the Bank of…

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  • Aldermore funds Grade II-listed property conversion

    August 18, 2017

    Cheltenham-based property developer, Cape Homes, has completed the conversion of the historic Albion House building into 22 new apartments in Gloucester, with the support of a £1.7m property development facility provided by specialist bank, Aldermore. Established in 2000, Cape Homes has built a reputation of designing and constructing high-quality homes in Cheltenham, Gloucester and the…

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