Business Banking
British businesses bear late payment burden of £30bn
A million plus small and medium sized British businesses have now been hit by late payments – and collectively, they’re owed a staggering £30.4 billion, according to Bacs Payment Schemes Limited (Bacs), the organisation behind Direct Debit and Bacs Direct Credit.
Santander Corporate Banking launches new fixed term bonds
Santander Corporate Banking has launched two new fixed term deposit accounts aimed at businesses with a turnover above £1 million. The six and nine month bonds offer market leading interest rates of up to 2.20 per cent gross pa/AER and are available from Monday 14 September.
Abbey and A&L Business Banking launch new fixed rate bonds
Abbey and Alliance & Leicester Business Banking have launched new fixed rate bonds, aimed at businesses with a turnover of up to £1 million.
Almost half of small businesses poised to expand
Small businesses are poised for growth despite the recession, with 49 per cent planning to expand in the next 12 months, according to research from the Barclays Have Your Say survey of local businesses.
International trade passport to growth, says HSBC
10 businesses (38 per cent) in the UK that are contemplating international trade see it as crucial to their overall survival, according to a new report from HSBC Commercial Banking.
FSB warns against banks holding small business monopoly
The Federation of Small Businesses (FSB) is challenging a monopoly of power being built up by high street banks over small firms seeking finance, two years after the credit crunch started.
Abbey’s small business 6% bank account offer ends soon
Abbey Business Bank's market leading 6 per cent bank account offer, which is available to small businesses with a turnover of up to £1 million, will only be available for another three weeks - offer ends 31 August 2009.
Abbey Business launches new fixed rate bonds
Due to the popularity of the Abbey Business fixed rate bonds launched in June, the bank has today launched two new bonds, available to businesses with a turnover of up to £1 million.
Calls for more action on bank lending to businesses
A third of small and medium-sized (SME) retailers and almost a fifth of large retailers have experienced a reduction in bank lending in the last three months.
Lending to small businesses rises
High street banks' lending to small businesses rose by £153 million in May and deposits increased by £250 million. Over 45,000 new small business banking relationships were established in the month, according to the British Bankers’ Association.
Businesses offered free credit checking to combat bad debt
Lloyds TSB Commercial Finance offers customers free, online credit rating facility, Firstcheck, to identify risk of cash flow issues caused by late payment.
Scottish Widows Bank double business offering
Scottish Widows Bank has launched a new 1 Year Fixed Term Business Deposit Account and a Business 7 Day Notice Account.
Santander Corporate Banking launched
From Wednesday 1 July, Abbey and Alliance & Leicester (A&L) will start to rebrand its UK Corporate and Commercial Banking divisions to Santander Corporate Banking.
Alliance & Leicester Business Bank launches 6% current account
Alliance & Leicester Business Bank has launched an improved current account offer for small businesses with a turnover of up to £1 million.
Alliance & Leicester launches new 12 month Business Bond
Alliance & Leicester Business Banking has launched a new limited edition 12 month Fixed Rate Business Bond, available to businesses with a turnover of up to £1 million. The new bond has a great fixed interest rate of 3.20 per cent gross pa/AER and matures on 1 July 2010.