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ALTERNATIVE FINANCE NEWS

Snowball secures £8.2 million refinance deal for Crewe care home

Jul 16, 2019

Inspired Life Care, a care home company operating in Cheshire, has secured an £8.2m refinance deal on their new Telford Court specialist care home in Crewe. The funding package, provided by Yorkshire Bank, was negotiated by Peter Black of Cheshire-based finance company, Snowball Alternative Finance. Telford Court is an 85-bed…

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SHORT TERM PROPERTY FINANCE MARKET

Jun 17, 2019

The short-term property/bridging market continues to grow in terms of the number of players and the number of applications being presented to them. The Association of Short Term Lenders (ASTL) revealed that in Quarter 1 of 2019 the number of applications increased in number by 6.9% compared to the same…

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KEY CONSIDERATIONS WHEN SELLING A BUSINESS

Jun 17, 2019

Selling a business is a major event, both financially and equally emotionally. For this reason, one of the most important considerations early on is to take onboard professional help and advice. A seller needs that independent and expert advice to guide them through the whole process and help the seller…

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LATEST ON SME FUNDING

Jun 17, 2019

A number of recent reports continue to confirm that lending from the high street banks continue to fall for SMEs and that the number of companies rejected for funding continues to increase. Bank lending for SMEs is reducing whilst at the same time lending to large companies has increased by…

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Insider Breakfast on Professional & Financial Services in Manchester

May 9, 2019

Peter Black was recently asked to speak at the Insider Breakfast on Professional and Financial Services in Manchester, where alongside his fellow speakers they discussed all aspects of the professional and financial services community in the North West. This was featured in the April edition of Insider. Some of the…

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Private Equity bouncing back

May 8, 2019

Private Equity investments in the UK bounced back in the first three months of 2019, after a so called ‘Brexit effect’ on the market at the back end of 2018. Deal values increased to £8.9bn between January and March, which was up from £6.1bn in the final quarter of 2018,…

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Beware the dangers of loan stacking

May 8, 2019

Loan Stacking is the practice where businesses takes out multiple unsecured loans or cash advances on top of other unsecured loans in order to keep funding a business. The lender may or may not be aware of all the other loans and it provides a false picture to the lender…

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Bank EFG scheme continues to falter

May 8, 2019

Monies lent against the EFG, the Enterprise Finance Guarantee Scheme, fell to a record low in Q4 2018 of £55.6m and 78% below its peak in Q2 2009. The EFG scheme is used to facilitate lending to viable SME businesses with turnover less than £41m that would normally be turned…

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Banks no longer first port of call for half of Britain’s SMEs

Apr 1, 2019

A new survey from has revealed that the number of people who have considered going somewhere other than their bank for finance is on the increase. The insights come from a new survey conducted by business finance provider Growth Street. The firm canvassed more than 2,000 directors and employees of…

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