Mystery shopper programme reveals bank finance failings

Alternative lender iwoca has carried out a mystery shopper exercise with a range of UK banks to highlight the frustrations facing UK small business owners who require finance. The company has published a video of a series of attempts by a small businessman to secure funding direct from local branches, without success. In the first two, he is told no-one is available, while in another it takes 20 minutes and a lengthy in-branch phone call to be told there are no employees available to discuss the client’s needs.

Mystery shopper programme reveals bank finance failings

Dec 11, 2017

Alternative lender iwoca has carried out a mystery shopper exercise with a range of UK banks to highlight the frustrations facing UK small business owners who require finance. The company has published a video of a series of attempts by a small businessman to secure funding direct from local branches, without success. In the first two, he is told no-one is available, while in another it takes 20 minutes and a lengthy in-branch phone call to be told there are no employees available to discuss the client’s needs.

Invoice finance facility supports manufacturer growth

Paper bag manufacturer Badalov is planning growth in 2018 after securing a £480,000 invoice finance facility with Bibby Financial Services. The UK manufacturer operates from a plant in Larkfield, Kent, and offers a variety of bio-degradable paper bag products with and without branding. The business has clients including Pasta Remoli and Virgin Active.

Invoice finance facility supports manufacturer growth

Dec 08, 2017

Paper bag manufacturer Badalov is planning growth in 2018 after securing a £480,000 invoice finance facility with Bibby Financial Services. The UK manufacturer operates from a plant in Larkfield, Kent, and offers a variety of bio-degradable paper bag products with and without branding. The business has clients including Pasta Remoli and Virgin Active.

New report identifies Europe's Top 50 auto and equipment lessors

Asset Finance International and Asset Finance Policy have launched the inaugural annual Asset Finance Europe 50 (AFE50) rankings survey. The new AFE50, sponsored by Alfa, provides insights into the European business equipment and car leasing industry, whose 50 largest members make up a community with lease receivables of more than €277 billion. The new report provides the first detailed analysis of this vital industry by lessor, by type of lessor and by country of ownership. Uniquely, the AFE50 summarises the publicly available and audited accounting information of the largest providers of leasing in Europe.

New report identifies Europe's Top 50 auto and equipment lessors

Nov 30, 2017

Asset Finance International and Asset Finance Policy have launched the inaugural annual Asset Finance Europe 50 (AFE50) rankings survey. The new AFE50, sponsored by Alfa, provides insights into the European business equipment and car leasing industry, whose 50 largest members make up a community with lease receivables of more than €277 billion. The new report provides the first detailed analysis of this vital industry by lessor, by type of lessor and by country of ownership. Uniquely, the AFE50 summarises the publicly available and audited accounting information of the largest providers of leasing in Europe.

EMEA

Finance a vital resource as billing delays hit building industry

Nov 29, 2017

Businesses in the UK construction sector have been hit by a leap in payment delays, with invoices taking an average of 69 days to be settled. Analysis of more than 13,000 companies by Funding Options, the online business finance supermarket, shows that delays have risen 8% in the past two years.

Americas

ELFF announces new leadership team for 2018

Dec 11, 2017

The Equipment Leasing & Finance Foundation has announced its new line-up of officers who will serve in 2018, along with its board of trustees. The Foundation’s chair for the next 12 months is Jeffry Elliott, senior managing director, Huntington Equipment Finance. The vice-chairman’s posted is being filled by Scott Thacker, chief executive officer, Ivory Consulting Corporation. Vincent Belcastro, managing director/group head, corporate equipment finance, Santander Bank Equipment Finance, takes up the role of treasurer.

Asia Pacific

Political rows could hinder Australian business growth

Nov 09, 2017

More than half of Australian businesses expect the political environment to impact their ability to grow during 2018, new research has warned. SMEs and businesses in the electricity, gas and water sector are particularly sensitive to the political environment, according to Alleasing.