Funding Circle & The EIB, Asset Finance, Managing Your Working Capital - BFB Epsd 127
By Rob Warlow
In this Business Finance Bulletin episode, we start off with news from Funding Circle of a £100m facility from the European Investment Bank for onward lending to UK small businesses. The facility will sit alongside an investment to be made by Funding Circle’s SME Income Fund. Another growing source of alternative finance is that of asset finance. We look at the latest figures from the Asset Based Finance Association which reveal that facilities extended to small businesses over the last 12 months have dramatically increased. Cash is the lifeblood of all businesses and a survey from audit and taxation consultants RSM has found that businesses can release cash trapped in their business by better management of day-to-day working capital. I share one key working capital component where cash can often get stuck.