Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories


Global Banking And Finance 1 News
  • 34%(2) of SMEs plan to use external funding to grow their businesses this year.
  • Over a third (34%)(3) are turned down for capital on first application.
  • SMEs are negatively affected by increased operating costs, fluctuating income and late customer payments.
  • Boost Capital has launched in the UK to help close the funding gap for growing businesses.

Over a third (34%) of the 5 million(4) SMEs in the UK need external capital to help grow their business this year, according to a recent report  for the Department of Business, Innovation and Skills by IFF Research.  However, with little evidence that proposals such as Project Merlin, Funding for Lending and the Government’s new Business Bank are yet working, other financial solutions have become critical for SMEs.

Boost Capital is entering the market to provide UK businesses with working capital to help take advantage of growth opportunities.  The company brings over a decade of experience in business financing through its US parent company, Business Financial Services, which recently acquired a $82 million credit line from Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC).

Most businesses will need an influx of capital at some point. They may have difficulty getting a conventional bank loan or perhaps have a business opportunity that requires quick access to capital. Boost Capital looks at each business individually and makes funding decisions after getting to know the owners and learning about their history, revenue trends and their relationships with suppliers.
According to Marc Glazer, CEO of Boost Capital, “So many of the UK’s SMEs are struggling to get funding via traditional lenders. Despite government proposals intended to help, we have yet to see any significant impact.  We believe it is essential that SMEs with growth potential have access to financing—without a prolonged, difficult process. That’s why our goal is to provide capital in as few as five business days.”

“Drawing on over 10 years’ experience with over 12,000 SMEs in the US, we’ve offered our services here on a trial basis since last summer.  Our UK customers, many of which are businesses on Britain’s high streets, all share a common goal—growth—and a common challenge—securing capital.  Having secured a significant credit line, we are excited about getting funding out to SMEs across the UK.”

“Small and medium-sized businesses are the bread and butter of the UK economy,” Glazer says. “There are a great many SMEs with solid finances who are struggling to get access to capital to fulfil their growth plans. We’re here to meet their funding needs, which include affordable repayment plans that are sensitive to SMEs’ sales and business fluctuations. Without a much-needed boost, SMEs cannot contribute to the country’s economic recovery that everyone is hoping for.” 

View a video of Marc Glazer talking about Boost Capital’s financial solutions for SMEs in the UK.





Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post