NEWS
HELP TO SUPPORT IMPACT OF CORONAVIRUS
No one can underestimate the impact of Coronavirus and how it has impacted every business and every individual. One thing is for sure and that is it will get much worse before it gets better, and there will be the need for a huge unprecedented package to protect businesses and…
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SNOWBALL TEAM EXPANSION
At Snowball we continue to expand, and the next stage of this strategy is to bring in another senior experienced deal person to support our clients and prospects. We are therefore delighted to announce the appointment of Diane Davies to our team as our new Senior Commercial Manager. Diane brings…
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CHALLENGER BANK LENDING
A report out last month showed that the ‘so called’ Challenger Banks lent a record £115bn in the 12 months to September 2019. Whilst this was up just 3% on the previous years growth rate of 19%, there were of course wider economic and Brexit related matters during that period,…
Read MoreTO SWITCH OR NOT TO RBS SWITCH
If you or any of your clients have a turnover less than £25m and bank with a part of the RBS Group that was originally going to move to a new Williams & Glyns Bank, then you’ve probably already heard of the Business Banking Switch Scheme. In 2008/09 The Royal…
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FAIL TO PLAN, PLAN TO FAIL!
You cannot fail to miss all the articles online and in the papers and magazines since 1st January about losing weight, getting fit and exercising, and having this as part of a plan and programme for the year. I have deliberately left this article until late January as most people…
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SEIS AND EIS REJECTION RATES DOUBLING
The number of applications being rejected for the government backed tax schemes SEIS and EIS has skyrocketed. The schemes offer generous tax reliefs to incentivise investment and are a great way of bringing together businesses requiring equity investment and investors who can protect the downsides of investments. The most recent…
Read MoreBOOK OF THE YEAR – WHAT IT TAKES
Many of you may know that I am an avid reader of business books. So, it takes a lot to make me wax lyrical about any particular book, but this book certainly hits that mark and has instantly become my book of the year for 2019. The book is ‘What…
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RBS CUSTOMERS REJECTING THE SWITCH
After receiving a £46bn taxpayer funded bailout, the Royal Bank of Scotland (RBS) was ordered to switch 120,000 businesses to other banks by August 2020 and it has been offering various incentives to convince businesses to move. So far it is understood that around 18,000 businesses have switched but those…
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Strategic partnership with Currencies Direct
Snowball Alternative Finance is delighted to announce a strategic partnership with Currencies Direct, a leading specialist provider of foreign exchange and payment solutions to both private and corporate clients. Currencies Direct transact over £6.5bn and make in excess of 400,000 payments a year. They operate a global business with 22…
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