The Finance and Leasing Association (FLA) and the National Association of Commercial Finance Brokers (NACFB), with the support of the Asset Based Finance Association (ABFA), have launched a new directory of around one thousand sources of commercial finance for small businesses. Designed to help businesses find alternatives to conventional bank loans or overdrafts when these may be hard to obtain, the directory covers leasing and hire purchase, commercial mortgages, asset-based finance and invoice discounting and factoring.
The directory, which covers the UK as a whole, aims to help around 60,000 businesses to find suitable commercial finance in its first year. It includes a search facility based on the region, town or postcode of local sources of finance and brokers.
“The NACFB has for many years assisted SMEs [small and medium-sized enterprises] to find funding – last year, in excess of £10bn. The Small Business Finance Directory has been developed to allow our members, who have access to a vast range of commercial finance lenders, to help many more small businesses across the UK. This initiative will really make a difference by highlighting the range of alternative forms of commercial finance available to businesses,” said Adam Tyler, chief executive officer (CEO) of NACFB.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more