Survey shows entrepreneurs and business leaders are turning to the crowd Part of our brief at Money&Co. is to raise awareness of crowdfunding in general as an attractive and worthwhile alternative to banks. Banks, as we have consistently reported, have failed borrowers and savers alike. So we are delighted to report that a recent survey […]
Autumn promises a bumper harvest of credit for SMEs – and exciting prospects for cash-hugry lenders It promises to be an exciting autumn. The Money&Co. team will be taking to the road in our mission to bring people and businesses together, as CEO Nicola Horlick explains in her most recent blog. “We continue to see […]
Every credit: SMEs need to be able to borrow to build a better future There have been various surveys over the past few months which have shown that many SMEs (small and medium-sized enterprises) have given up on the idea of borrowing money. Constant rejection has got to them. There is also a sense that, […]
The banks’ convoluted financial mechanism continues to fail SMEs Lending to small and medium-sized businesses (SMEs) fell in the first quarter of this year, according to figures just released by the Bank of England. Net lending, a measure that counts repaid loans, fell by £2.7 billion in the first quarter of 2014, with SMEs seeing lending […]
Robert: “We have great pedigree… Blue-chip customers.” Mecmesin, led by chairman Robert Oakley (above), is a Sussex-based family-owned business, founded in 1977. It has an annual turnover of more than £10 million, makes £1 million in annual profit, and provides employment for a workforce of160. Mecmesin makes force and torque testing equipment used to measure […]
Thanks to our friends at The Mirror for directing musical entrepreneur Allan Siema in the direction of Money&Co. (we’d provide a link, but for some reason the BizBureau section of Mirror coverage doesn’t appear on its online offering). We’d be delighted to hear from Allan. We have more than £5 million of would-be borrowers lined […]
Help for small businesses and better access to funding are high on the political agenda ahead of the Queen’s speech this week. The Telegraph reports that Lord Bilimoria of Chelsea, founder of the Cobra beer company, believes that Britain’s banks should be doing much more to help small and medium-sized enterprises. According to Lord Bilimoria: […]