Tag: Asset-Based Lending
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Do we really want banking ‘Uberized’? Part 1
Do we want to ‘Uberize’ banking to improve it, in the same way as taxis and hotels? Even for those working within the tech ecosystem, it’s hard to keep pace with the impact digitization and software continues to have on processes and competitive balance across industries. Venture capital seems to love talk about disrupting fragmented…
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It’s All In The Story
I received some emails from a few customers this week asking if we could connect them to cash. One company had a large customer willing to pay it a guaranteed minimum per month (after invoice) over a 4 year period, and the company wanted to explore ways to get more of this cash up front…
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Is Lending To SMBs That Much Harder?
So the finger pointing continues. Policy makers are still unhappy with bank lending to SMBs. Lobby groups are not dancing in the aisles about this either and everyone has some ideas on how to tap additional sources. Lending to businesses, SMBs in particular has been decreasing, despite the need for it to grow instead. I’ve…
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Transforming Lending in the UK Part 3
This is the third in a series of posts centred around the article ‘How should we fund the UK’s growth agenda?’ posted earlier this month. In the article, the head of the Business Finance Task Force asked for ideas on ways to transform lending and fund UK growth. I extracted key questions (in quotations) from…
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All Businesses Need Cash!
I penned a post in response to an accounting advisor making the comment that there was no real lending problem for businesses and that only the ‘suckers’ are not finding finance. Banks say that business credit quality is low, as is demand. Businesses say that banks are not giving them what they need and many…
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Emperor has no cash!
I was chatting with the head of a London-based accounting & advisory firm about the contraction in bank lending to businesses, and the scary signals that are emanating from the Fed, IMF and ECB. I told him about how we are trying to combine simple technology with business relationships to get cash flowing faster to…
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Paper or Plastic?
I saw an article in the Wall Street Journal today talking about measures being taken by some banks in the USA to reach out to small business customers. There was a nice anecdote about an enterprising branch manager walking with a customer around the supermarket to discuss his borrowing needs. The same article mentions a…
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What’s the Magic Number? Part 2
This month an online survey of small business financing was conducted by a well known auction site. The results were unflattering to UK banks, however, as pointed out in the article, it may not be as simple as getting banks to lend more. Lending margins (especially for small businesses) seem to have widened (as apparently…