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Alternative Finance blog

What is Business Interruption Insurance?

What is Business Interruption Insurance?

Posted 3 months ago


With the coronavirus outbreak having inflicted significant economic damage on businesses throughout the UK, many have resorted to utilising the raft of government support schemes that were introduce..

Tagged: sme entrepreneur business alternative finance coronavirus guide


Should I Invest in P2P?

Posted 3 months ago


The Covid-19 crisis has presented a challenge for the sector, but there are still many reasons to invest in peer-to-peer lending. P2P is fighting its way through its first economic downturn and ther..

Tagged: sme entrepreneur p2p alternative finance news coronavirus


Self-Employed to Benefit From Second Stage of Support Scheme

Self-Employed to Benefit From Second Stage of Support Scheme

Posted 3 months ago


Over 2.7 million benefited from the first stage of the SEISS - with the government handing out £7.8 billion of grants to help them through the crisis. Those eligible will now be able to recei..

Tagged: sme entrepreneur self employed coronavirus news alternative finance


Over 1.2m Businesses Have Benefited From Coronavirus Lending Schemes

Over 1.2m Businesses Have Benefited From Coronavirus Lending Schemes

Posted 3 months ago


More than 1.2m businesses have now received support through government-backed coronavirus lending schemes. The latest Treasury data, as of 9 August, shows most lending has come through the bounce b..

Tagged: sme entrepreneur news alternative finance coronavirus


What is The Start Up Loan Scheme?

What is The Start Up Loan Scheme?

Posted 3 months ago


Designed as a way to help start-ups that have begun trading, Start Up Loans are a form of personal created to support new business owners that have struggled to secure finance from traditional lende..

Tagged: sme coronavirus news raising funds alternative finance


Figures Show 730,000 Job Losses Since Start of Lockdown

Figures Show 730,000 Job Losses Since Start of Lockdown

Posted 3 months ago


As the UK government continues to ease lockdown, it has been revealed that just under 730,000 jobs have been lost since the start of the Covid-19 pandemic.  The news comes as the UK prepares i..

Tagged: sme coronavirus news raising funds employment alternative finance


Government Backs Trade Credit Insurance With £10bn Guarantee

Government Backs Trade Credit Insurance With £10bn Guarantee

Posted 3 months ago


The government has announced that Trade Credit Insurance, which provides cover to business-to-business transactions, will receive up to £10bn of government guarantees in a further bid to tackl..

Tagged: sme coronavirus alternative finance entrepreneur news raising funds


Fifth of Business Owners Take Pay Cut Due to Covid, Research Suggests

Fifth of Business Owners Take Pay Cut Due to Covid, Research Suggests

Posted 3 months ago


New research has revealed that just under a fifth of small business owners declared that they had taken a pay cut during the coronavirus pandemic. According to Purbeck Insurance Services, 14% of SM..

Tagged: sme entrepreneur alternative finance coronavirus news


Businesses Have Just One Month to Claim £1.6bn in Unspent Grants

Businesses Have Just One Month to Claim £1.6bn in Unspent Grants

Posted 4 months ago


It has been revealed that businesses have until the end of August to claim up to £1.6bn in unspent grants that were originally made available through the government’s coronavirus emergen..

Tagged: sme raising funds coronavirus news alternative finance


How Can I Claim A £5,000 Technology Grant?

How Can I Claim A £5,000 Technology Grant?

Posted 4 months ago


The Government has announced a new £20m IT funding package to help small businesses get through the coronavirus pandemic. Small and medium-sized businesses can access a small business technol..

Tagged: sme entrepreneur news coronavirus raising funds


The Small Business Leadership Programme: Giving Businesses the Tools to Overcome Covid-19

The Small Business Leadership Programme: Giving Businesses the Tools to Overcome Covid-19

Posted 4 months ago


With the coronavirus crisis forcing businesses to adopt new ways of operating, the Government has announced the launch of £20m to help improve businesses’ management, productivity and pr..

Tagged: sme news coronavirus alternative finance business


What is The Sustainable Innovation Fund, And How Will it Help Businesses?

What is The Sustainable Innovation Fund, And How Will it Help Businesses?

Posted 4 months ago


With a number of research and development projects at risk as a result of the coronavirus crisis, the Government has announced the introduction of the Sustainable Innovation Fund. Worth a total of &..

Tagged: sme coronavirus entrepreneur raising funds alternative finance news


More Lenders Approved For Larger Coronavirus Loan Scheme

More Lenders Approved For Larger Coronavirus Loan Scheme

Posted 4 months ago


As the UK continues to grapple with the economic impact of the coronavirus crisis, the British Business Bank has approved three more lenders to deliver the Coronavirus Large Business Interruption Lo..

Tagged: sme entrepreneur coronavirus cbils clbils news alternative finance equity crowdfunding


Fifth of Business Owners Uncertain About Re-opening After Pandemic

Fifth of Business Owners Uncertain About Re-opening After Pandemic

Posted 4 months ago


Nearly one fifth of the UK’s small and medium sized enterprises have expressed uncertainty as to whether they will be able to survive the economic impacts of the coronavirus pandemic, new rese..

Tagged: sme business coronavirus news alternative finance


What Is the Recovery Advice for Business Scheme, And How Can I Benefit?

What Is the Recovery Advice for Business Scheme, And How Can I Benefit?

Posted 4 months ago


The Recovery Advice for Business scheme, supported by the government and hosted on the Enterprise Nation website, will give small firms access to free, one-to-one advice with an expert adviser to he..

Tagged: sme coronavirus business support raising funds news alternative finance


Businesses Set To Benefit from £20m Worth of New Government Grants

Businesses Set To Benefit from £20m Worth of New Government Grants

Posted 4 months ago


Small businesses in England are set to benefit from £20 million of new funding in the government’s latest efforts to help firms recover from the impact of the coronavirus pandemic. ..

Tagged: sme coronavirus business raising funds alternative finance news


Chancellor Rishi Sunak Considering 2% Online Sales Tax

Chancellor Rishi Sunak Considering 2% Online Sales Tax

Posted 4 months ago


According to the Times, the Treasury is considering whether to introduce a 2% tax on goods that are sold online in an attempt to give High Street shops an advantage over large-scale retail. If intro..

Tagged: sme chancellor finance alternative finance news coronavirus


What is The Statutory Sick Pay Rebate Scheme, And How Do I Apply?

What is The Statutory Sick Pay Rebate Scheme, And How Do I Apply?

Posted 4 months ago


Introduced as part of the Chancellor’s Spring Budget, employers with fewer than 250 employees can now seek a refund from the government for the cost of providing 2 weeks of coronavirus-related..

Tagged: sme coronavirus sick pay entrepreneur business finance alternative finance


Time To Pay Arrangements Explained

Time To Pay Arrangements Explained

Posted 4 months ago


Brought into sharper focus since the outbreak of coronavirus, a Time To Pay arrangement is a way of spreading your business tax payments over a longer period of time to sallow for a more affordable ..

Tagged: sme entrepreneur tax alternative finance coronavirus


A Guide To The Covid Corporate Financing Facility (CCFF)

A Guide To The Covid Corporate Financing Facility (CCFF)

Posted 4 months ago


At Nextin we have focused intensely on the range of measures designed to support small businesses. But the government has a number of schemes designed to protect medium and large businesses. One suc..

Tagged: Raising funds entrepreneur coronavirus business guides business support


What Does The CBILS Change Mean For You?

What Does The CBILS Change Mean For You?

Posted 4 months ago


A change in the lending rules governing the Coronavirus Business Interruption Loan Scheme could mean that small businesses previously refused a loan are now able to secure access to vital funding.&n..

Tagged: sme alternative finance raising funds equity crowdfunding cbils news coronavirus entrepreneur


What Rules Have The Government Relaxed To Help Businesses During Coronavirus?

What Rules Have The Government Relaxed To Help Businesses During Coronavirus?

Posted 4 months ago


Since the outbreak of Covid-19, the Government has made a number of changes to rules governing areas such as business rates and childcare funding. Below we list a number of amendments to a range of ..

Tagged: smes coronavirus news alternative finance


MPs Call for Full Loan Payment Holidays for Business Customers

MPs Call for Full Loan Payment Holidays for Business Customers

Posted 4 months ago


The All Parliamentary Group for Fair Business Banking has called for a full 6-month payment holiday on commercial loans for business customers who have been affected by the Covid-19 crisis.  S..

Tagged: sme loans coronavirus alternative finance news entrepreneur business


Bounce Back Loan Restrictions Could Force Businesses To Go Bust

Bounce Back Loan Restrictions Could Force Businesses To Go Bust

Posted 4 months ago


Campaigners and MPs have issued a stark warning that potentially tens of thousands of businesses could risk going bust due to delays when accessing the government’s Bounce Back Loan Scheme.&nb..

Tagged: sme coronavirus alternative finance news


Treasury to Look At Fintech Sector For Growth Opportunities

Treasury to Look At Fintech Sector For Growth Opportunities

Posted 4 months ago


Owing to the coronavirus pandemic, the Treasury has announced it will be launching an independent review into the fintech sector to identify growth opportunities. The review was originally mentioned..

Tagged: sme alternative finance fintech news coronavirus


What Are Small Business Grants, And How Do You Apply?

What Are Small Business Grants, And How Do You Apply?

Posted 4 months ago


Owing to the coronavirus pandemic, securing funding for your business is proving to be an even greater challenge for entrepreneurs. With a range of loan schemes available, as well as other sources o..

Tagged: sme raising funds entrepreneur coronavirus alternative finance


What Non-Government Coronavirus Support is Available for Businesses?

What Non-Government Coronavirus Support is Available for Businesses?

Posted 4 months ago


While the government has provided an unprecedented level of support for businesses through its loan schemes and other services, public bodies, organisations and charities have produced additional re..

Tagged: sme entrepreneur funding coronavirus alternative finance


Covid-19 Home Working Increased Productivity, Report Claims

Covid-19 Home Working Increased Productivity, Report Claims

Posted 4 months ago


34% of companies believe that working from home is having a positive impact on employee productivity, according to new research. The Covid-19 UK business barometer, conducted by Sapio Research and B..

Tagged: sme entrepreneur coronavirus


What is the Position of Each Lender Regarding Bounce Back Loan Applications?

What is the Position of Each Lender Regarding Bounce Back Loan Applications?

Posted 4 months ago


* The following information has been extracted from the latest data made available by the All-Parliamentary Group for Fair Business Banking. There are tens, possibly hundreds of thousands of b..

Tagged: sme coronavirus news equity crowdfunding alternative finance


Does Alternative Finance Provide A Solution to Protecting SMEs After the Pandemic?

Does Alternative Finance Provide A Solution to Protecting SMEs After the Pandemic?

Posted 4 months ago


In previous articles, we have argued that with the coronavirus pandemic changing the nature of the business landscape, so must ways business access capital; namely through embracing equity investmen..

Tagged: sme alternative finance equity crowdfunding p2p lending coronavirus


The Chancellor's Summer Statement:

The Chancellor's Summer Statement: "Good for Young Workers, But What About Startups?"

Posted 5 months ago


After much anticipation, the Chancellor Rishi Sunak unveiled what many have called an emergency coronavirus budget, pledging a range of new measures worth up to £30 billion.  With jobs t..

Tagged: smes future fund budget coronavirus news


How to Manage Your Business' Finance During the Pandemic

How to Manage Your Business' Finance During the Pandemic

Posted 5 months ago


The government may have eased lockdown, but the pandemic has most certainly not gone away. Still, businesses continue to worry about their ability to survive the economic impacts of Covid-19 and are..

Tagged: sme coronavirus finance entrepreneur alternative finance


Number of Furloughed Workers Reaches  9.4 Million

Number of Furloughed Workers Reaches 9.4 Million

Posted 5 months ago


To date, 9.4 million workers have been furloughed by 1.1 million employers, with the total value of claims under the Job Retention Scheme currently at £27.4bn, according to the latest data mad..

Tagged: sme coronavirus news business entrepreneur


How Do I Calculate Furlough Payments?

How Do I Calculate Furlough Payments?

Posted 5 months ago


With the Chancellor having recently extended the Coronavirus Job Retention scheme until October 31, we show you how to calculate furlough payments in line with the change in the rules.  As an ..

Tagged: sme business coronavirus entrepreneur


Don't Miss The Deadline For The Self-Employment Income Support Scheme

Don't Miss The Deadline For The Self-Employment Income Support Scheme

Posted 5 months ago


Introduced by Chancellor Rishi Sunak on March 25, the Self-Employment Income Support Scheme (SEISS) provides taxable grants to self employed individuals whose livelihoods are adversely affected by c..

Tagged: sme news coronavirus


Two More P2P Lending Platforms Approved For CBILS

Two More P2P Lending Platforms Approved For CBILS

Posted 5 months ago


The British Business Bank has approved peer-to-peer lending platforms LendingCrowd and Folk2Folk for the coronavirus business interruption loan scheme (CBILS). The scheme enables lenders accredited..

Tagged: p2p alternative finance coronavirus news equity crowdfunding


Coronavirus Loan Applications Exceed One Million

Coronavirus Loan Applications Exceed One Million

Posted 5 months ago


More than one million businesses have applied for a Government-backed loan to help navigate the economic impacts of the pandemic. Meanwhile UK businesses have furloughed nearly nine million jobs, u..

Tagged: sme coronavirus news equity crowdfunding alternative finance


Only 45% of Eligible Businesses Able to Apply for Bounce Back Loans

Only 45% of Eligible Businesses Able to Apply for Bounce Back Loans

Posted 5 months ago


New research has found that only 45% of businesses eligible under the scheme have been able to successfully apply for a Bounce Back Loan. According to risk assessment experts protecting.co.uk, the l..

Tagged: sme coronavirus news alternative finance


Almost Two-Thirds Of Small Businesses Left Without Payment During Pandemic

Almost Two-Thirds Of Small Businesses Left Without Payment During Pandemic

Posted 5 months ago


Just under two-thirds of small businesses have suffered from late payments during the pandemic, according to a report commissioned by the Federation of Small Businesses.  The report highlighte..

Tagged: sme coronavirus entrepreneur news


Covid-19: Which Peer-to-Peer Platforms Are Reopening?

Covid-19: Which Peer-to-Peer Platforms Are Reopening?

Posted 5 months ago


Previously, NextFin had reported how a number of peer-to-peer lenders had introduced forbearance measures to help mitigate the financial impacts of coronavirus. From suspending secondary markets, to..

Tagged: p2p sme alternative finance coronavirus


How Are Each Of The Coronavirus Business Loan Schemes Performing?

How Are Each Of The Coronavirus Business Loan Schemes Performing?

Posted 5 months ago


British businesses have now borrowed £41bn in loans backed by guarantees from the government to cope with the impact of coronavirus. Approval rates for the coronavirus business interruption lo..

Tagged: news sme coronavirus business loan entrepreneur


More Lenders Approved For Coronavirus Loan Schemes, But Not One Is P2P

More Lenders Approved For Coronavirus Loan Schemes, But Not One Is P2P

Posted 5 months ago


The British Business Bank has accredited several lenders for government-backed emergency loan schemes aimed at supporting businesses through Covid-19 but not one is a peer-to-peer lending platform. ..

Tagged: news coronavirus cbils bbls P2P alternative finance


What Is The Coronavirus Local Authority Discretionary Grants Fund, And How Do I Apply?

What Is The Coronavirus Local Authority Discretionary Grants Fund, And How Do I Apply?

Posted 5 months ago


The Discretionary Grant Fund is designed to support small and micro businesses that are not eligible for other government grant schemes. The grant is aimed at small businesses with high fixed buildi..

Tagged: Grants Business Coronavirus SME Entrepreneur


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