Capital Connections & Seedrs, Late Payment Stress and Bank Lending Appetite - BFB Epsd 171
By Rob Warlow
Despite the introduction of the Bank Referral Scheme, Nat West continues to develop its own panel of alternative finance partner via Capital Connections. In this Bulletin we look at the latest addition to the panel, equity crowdfunding platform, Seedrs. As well as causing business finance distress, late payment can also cause personal stress for business owners. The extent of the problem is revealed in a recent survey carried out by The Prompt Payment Directory and we review the key findings. When would your bank say ‘no’ to a new loan when your business is profitable and your bank account operates with no problems. We close the Bulletin by sharing one reason why this would happen.