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The impact of Brexit on SMEs

Two recent items of research indicate that SMEs are so far managing to navigate the choppy post-Brexit waters more successfully than they may have hoped. The Insurer Zurich’s latest SME Risk Index indicates that perception of business risk among UK SMES increased in the first quarter of this year from

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Technology: blessing or curse for small businesses?

It’s a sad fact that many small businesses do not use technology to its full advantage. In fact some seem to almost be afraid of it. Recent research by CNBC indicated that almost half of small businesses don’t have a business website, and not all of those who do actually

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Are you on the register?

So, your business is up and running and things are going well. It can be tempting to focus on the everyday nuts and bolts of the business and leave some of the administrative side of things for later – when you have more time. But like the old proverb says,

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Creative ways to finance business expansion

In our recent blog What difference has Brexit made so far? we looked at the different ways in which Brexit is already impacting the UK economy. In that article we also confirmed the commitment of Fair Business Loans to support small businesses during these uncertain times; a commitment that has

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Open Banking

Some good news for small businesses: the tide is turning in terms of banking. From early 2018, the concept of open banking will become a reality in the UK. What is open banking? It is the requirement for banks to provide open platforms that make customer data available to third

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What difference has Brexit made so far?

So the election is over. Well, for now at least! Brexit featured quite heavily during all the campaigning and talks are now beginning as to the Brexit process itself. But what difference has Brexit actually made to the economy so far? It can be difficult to separate facts from opinions

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Is business growth slowing in the UK?

The latest estimate of the UK’s GDP (Gross Domestic Product) has recently been released by the Office of National Statistics (ONS). GDP is is the main indicator of economic growth in the UK. This preliminary estimate of GDP does not bring good news. Whilst the UK GDP is estimated to

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Fair Business Loans earmarks £2M of funding for SMBs

Fair Business Loans is pleased to announce that it is looking to provide £2m of funding to hundreds of small businesses throughout the UK during the next 12 months. BREXIT uncertainty has caused the value of the pound to fall as less people wish to invest in the UK or

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50 is the new business!

If you thought that starting a new business is a young person’s game then think again! Since the Millennium there has been a gradual growth in self-employment. There were 4.6m self-employed people in the UK at the end of 2015. Part time self-employment grew by 88% between 2001 and 2015

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Why are banks still reluctant to lend to small businesses?

Recent research indicates that 35% of small and medium-sized businesses in the UK still find accessing finance from banks a challenge. 9% went even further, saying that it was very difficult or almost impossible. This reluctance has led to 60% of SMEs being concerned about their ability to finance long-term

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