NEWS

What is Bridging Finance and when should it be used?

Jun 26, 2018

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

Jun 12, 2018

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

May 21, 2018

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.                                       …

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Mini Bonds

May 16, 2018

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…

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Associate membership of the NACFB secured

Mar 6, 2018

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!

Feb 27, 2018

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

Feb 27, 2018

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-Snowball-Alternative-Finance

Open Banking Is Here

Jan 31, 2018

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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Peter-Black-Managing-Director-Snowball-Alternative-Finance

Snowball Alternative Finance gets thumbs up from the regulator

Jan 30, 2018

Having secured Financial Conduct Authority (FCA) approval for the business, we are delighted to announce the launch of Snowball Alternative Finance. Snowball Alternative Finance is headed up by former senior banker, Peter Black and North West entrepreneur, Alwin Thompson. We will assist SMEs looking to fund growth of their businesses…

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