Asset finance companies sign up to SME Finance Charter

Leading asset finance companies have pledged their support for a new SME Finance Charter launched in a collaboration between the industry, business organisations and the government. The high-level commitments in the charter have been signed off by the Business Finance Council and reflect areas identified as being significant in ensuring that the SME finance market works effectively, particularly throughout Brexit.

Asset finance companies sign up to SME Finance Charter

Oct 22, 2019

Leading asset finance companies have pledged their support for a new SME Finance Charter launched in a collaboration between the industry, business organisations and the government. The high-level commitments in the charter have been signed off by the Business Finance Council and reflect areas identified as being significant in ensuring that the SME finance market works effectively, particularly throughout Brexit.

Funding Options announces new leadership to drive future growth

Finance marketplace Funding Options has appointed Simon Cureton as the company’s interim chief executive officer (CEO) to lead a growth strategy that includes international expansion. The strategy will build on the company’s innovations around Open Banking and its recent expansion into the Netherlands. Cureton, who was previously commercial director, will be implementing a new organisational structure for the business. He succeeds Conrad Ford, the founder of Funding Options, who stepped down from the CEO role last month.

Funding Options announces new leadership to drive future growth

Oct 15, 2019

Finance marketplace Funding Options has appointed Simon Cureton as the company’s interim chief executive officer (CEO) to lead a growth strategy that includes international expansion. The strategy will build on the company’s innovations around Open Banking and its recent expansion into the Netherlands. Cureton, who was previously commercial director, will be implementing a new organisational structure for the business. He succeeds Conrad Ford, the founder of Funding Options, who stepped down from the CEO role last month.

Most UK small businesses well-versed in ‘no-deal’ Brexit implications

Most UK SME business owners claim to be ‘well-versed’ on what a no-deal Brexit would mean for the UK, according to the latest research from AF50-listed Close Brothers Asset Finance. Its survey of 850 UK-based SMEs showed the majority of owners have not changed their original views on the 2016 referendum on the UK’s membership of the EU, but 25% of former ‘remainer’ SME business owners now want to leave, while 13% of ‘leavers’ now want to remain.

Most UK small businesses well-versed in ‘no-deal’ Brexit implications

Sep 13, 2019

Most UK SME business owners claim to be ‘well-versed’ on what a no-deal Brexit would mean for the UK, according to the latest research from AF50-listed Close Brothers Asset Finance. Its survey of 850 UK-based SMEs showed the majority of owners have not changed their original views on the 2016 referendum on the UK’s membership of the EU, but 25% of former ‘remainer’ SME business owners now want to leave, while 13% of ‘leavers’ now want to remain.

EMEA

Cash is king for UK SMEs ahead of Brexit

Oct 12, 2019

UK businesses are keeping cash close at hand and limiting their use of business savings accounts, according to new research. Hampshire Trust Bank’s latest annual SME Savings Tracker found that businesses have been reducing their savings balances over the past two years as they look to pay off outstanding loans and pursue investments. Factors behind the trend include Brexit, with the UK’s current departure deadline of October 31 fast approaching. More than one-third of businesses expressed concern about the impact of Brexit on the short-term economic outlook.

Americas

Three new appointments at Wells Fargo Equipment Finance

Oct 07, 2019

Wells Fargo Equipment Finance, a division of Wells Fargo Commercial Capital (WFCC), has named three new leaders in its specialty industries business unit. National sales executive John Crum (pictured above) is to head up the commercial vehicle group, a provider of loan and lease financing options to the commercial vehicle industry, which includes trucks, semi-trailers, specialty vehicles, buses and motor coaches, as well as dealer finance programs.

Asia Pacific

Identifying growth opportunities in Islamic finance

Feb 08, 2019

Islamic finance is available in 56 countries through 1,389 sharia-compliant companies that have total assets under management (AUM) of $2.4 trillion, according to a 2018 study from Thomson Reuters. In 2017, the market grew 11% and while recent expansion has been slower in core markets, such as the Gulf and south-east Asia, future trends are significantly rosier.