Community lenders unlock 1bn to support small firms rejected by banksGovernment-backed initiative aims to provide £1 billion in lending to small businesses in disadvantaged areas through community development finance institutions.
Treasury's bank referral scheme falls flat, securing loans for only 1 in 20 small businessesThe Treasury's referral scheme has secured loans for only 5% of small business referrals, highlighting significant issues in its effectiveness.
Entrepreneurs turn to pawnbrokers as banks tighten business lendingUK entrepreneurs are increasingly using pawnbrokers for funding due to tightened bank lending criteria.
iwoca raises 270m from Citibank and Barclays for SME growthiwoca secures £270m debt funding to support small businesses in the UK and Germany.
Small businesses are increasingly turning to alternative finance options - London Business News | Londonlovesbusiness.comSmall businesses seek alternative finance due to concerns over personal guarantees.