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UK construction SMEs face finance access issues despite growth optimism
Around 58% of construction SMEs have shown confidence in increased orders for 2025 yet acknowledging significant obstacles.
Time Finance expands Invoice Finance team with new hire
The company has appointed Donna Lambert as a business development manager to strengthen its market position in the South East.
Shawbrook expands development finance team with three new hires
The bank has appointed Philip Kirkwood as a senior relationship director, and Greg Pescott and Tom Edmunds as relationship directors.
Paragon’s SME lending business reports 4.6% rise in new lending in H1
The overall underlying profits for the entire group surged by 13.5% to £146.3m, as against £128.9m in H1 2023.
UK SMEs increasingly seeking larger loans
Iwoca’s data shows that 28% of SME finance experts reported that the most requested loan amount was over £100,000.
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DLL to acquire German leasing services provider elf Leasing
elf Leasing is known for providing financial services directly to end users, particularly in the transportation sector.
UK’s LSB adds three new non-executive directors to board
The new board members, include Caron Bradshaw Iain Dale, and Paul Johnson.
British Business Bank increases Time Finance’s facility to £64.4m
Leveraging this additional funding, Time Finance aims to enhance its pipeline and increase its own-book origination.
Porterbrook to finance WMT’s £66m Bletchley depot upgrade
The move to invest in the Bletchley depot is part of Porterbrook’s strategy to diversify its existing portfolio.
BoE survey reveals UK SMEs prefer using internal funds over external finance
The businesses cited financial constraints such as stringent collateral requirements as primary reasons for underinvestment.