NEWS
In the news…Appointments to the new Advisory Board
The appointment of 3 special individuals to the Snowball Advisory Board has received extensive coverage in the business and finance press in early October 2018. Snowball is delighted to welcome Mike Smith, Business Development Director of Brown Shipley, Mike Blackburn OBE and The Lord Goddard of Stockport to the team.…
Read MoreWhat is Bridging Finance and when should it be used?
At Snowball Alternative Finance we look to offer our clients flexible funding options which allow them to be nimble in business. Bridging Finance does what it says on the tin – it ‘bridges’ a gap whilst other longer term finance is arranged or before another property asset is sold. The…
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Alternative finance future looking very positive
Snowball Alternative Finance says there is significant interest in its services, evidenced by a deals pipeline worth in excess of £70m. The company which launched in January this year having received FCA approval, and recently became a Member of the NACFB is on track to smash its first-year target of…
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In the media
Since launching the web site on the 5th February 2018 we’ve had some significant coverage in the business press. Here’s just a small sample of titles that covered our launch story. …
Read MoreMini Bonds
Earlier this year mini bonds, also known as loan note offers, were once again put under the spotlight when a restaurant business which had issued a mini bond, collapsed, leaving over 300 investors potentially out of pocket. But what exactly is a mini bond? Simply put, they are loans made…
Read MoreAssociate membership of the NACFB secured
Snowball Alternative Finance is pleased to announce that we have been accepted as an associate member of leading professional association NACFB. This follows on from our successful authorisation by the Financial Conduct Authority, and we look forward to receiving full National Association of Commercial Finance Brokers (NACFB) membership later this…
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BANK LENDING DOWN AGAIN!
In its regular bulletin, the Bank of England recently released its bank lending figures to the end of December 2017. This showed bank lending to businesses has fallen again. The amount fell by £1bn in December alone, and loans to SMEs, i.e. those with less than £25m turnover, fell by…
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LESS THAN 1 IN 5 SMEs SAY THEIR BANK UNDERSTANDS THEM
This disturbing headline is one of the findings of a recent Close Brothers survey looking at SMEs and their relationships with the banks for advice and finance. A paltry 17% of the SMEs felt their high street bank understood the challenges of business and were concerned that their bank was…
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Open Banking Is Here
Open Banking has begun. For those of you that have not heard of Open Banking, they are the regulations that have been forced on the banks in order to open up competition. Given the near monopoly the main high street banks have on both personal and business banking, and their…
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