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SME Access to Finance Issue

Dun & Bradstreet Named First SBFE Certified Vendor

Dun & Bradstreet (NYSE:DNB) became the first certified vendor of the Small Business Financial Exchange, Inc.’s wholly owned subsidiary SBFE, LLC (SBFE®).  As an SBFE Certified Vendor™, Dun &Bradstreetgains access to the SBFE Data ™ on more than 24 million small businesses.  Combined with Dun & Bradstreet’s global commercial data and analytics, the enhanced information will allow Dun & Bradstreet’s financial services customers who ... Read More »

EU Commission Publishes SME Performance Review

The SME Performance Review is one of the main tools the European Commission uses to monitor and assess countries’ progress in implementing the Small Business Act (SBA) on a yearly basis.  With an emphasis on the measures from the SBA Action Plan, the review brings comprehensive information on the performance of SMEs in EU Member States and other 9 partner countries. It ... Read More »

ICISA President Tesch on Growth and Dialogue

Andreas Tesch, Chief Market Officer and member of the Atradius N.V. Management Board, was elected President of ICISA at the Annual Meeting in Hamburg last June. He is not a stranger to the Association as his past with ICISA goes back to 2001. In this interview he shares his views regarding the Association and his goals as President. Andreas Tesch ... Read More »

Coface Hong Kong Offers Online SME Credit Insurance

Coface Launches an Innovative Offering For SMEs in Hong Kong: Easyliner, a Simple On-Line Solution to Protect Against Unpaid Invoices Coface is introducing an innovative solution targeted at SMEs, recognizing that a quarter of bankruptcies are linked to unpaid invoices.  SMEs are particularly vulnerable to the consequences of unpaid invoices, because they are the least protected.  SMEs are also the ... Read More »

How to Channel Innovative Finance to SMEs

The Financial Times recently published an article written by Matt Gamser and Paul Lee concerning access to finance for SMMEs.  Gamser and Lee point out at the end of the article that there is no single solution for financing SMMEs, but in institutional diversity there will be greater support for innovative firms.  Governments should support the responsible growth of these ... Read More »

Alibaba Affiliate Obtains Approval for Private Bank

The China Banking Regulatory Commission said it gave approval to start a bank to a financial affiliate of the Alibaba Group, that is also the parent of Alipay who handles payment transactions and thus is crucial to Alibaba’ operations.   The bank would be headquartered in Hangzhou.  The financial affiliate of Alibaba will own 30%.  The Shanghai Fosun High Technology Group ... Read More »

Spotcap: New Provider of SME Finance Launched in Spain

Fintech startup Spotcap brings power back to small business owners making use of big data in Spain Spotcap is the new innovative online credit platform providing fast and flexible financing to small businesses. The company’s mission is to enable business owners to invest and grow without having to worry about how to finance their projects.  According to the company press ... Read More »

Standard & Poor’s Breaks into the SME Rating Segment with a ‘Ratings Lite’ Product

European regulators have given the green light for S&P to the launch of its ‘Ratings Lite’ product for SMEs.  S&P is now quietly sounding out potential clients in the UK, France and Germany for what it calls as a ‘mid-market evaluation’.  S&P’s “mid-market evaluation” requires less detailed and less regular financial disclosures to the rating agency than it would for ... Read More »

Internet Should Be Driving Indian SME Growth

It is no secret that SMEs drive ecosystems.  The same applies for India.   There are nearly 48 million SMEs in the country who provide a variety of services or are engaged in the manufacture of intermediate and finished goods, collectively accounting for a sizeable share of India’s industrial output.  While the sector employs 40% of India’s workforce, it contributes only ... Read More »

Andreas Tesch, the New President of ICISA Targets SME Sector

In an exclusive interview with Global Trade Review (GTR), the new International Credit Insurance & Surety Association (ICISA) president Andreas Tesch has singled out SME finance and stronger association links as key aims moving forwards. In his first interview as president of ICISA, Tesch spoke to GTR about the association’s goals and ambitions, and also his personal view of the industry, with ... Read More »

Alibaba.com Partners with Chinese Banks on Loan Offers

The Alibaba Group’s B2B e-commerce subsidiary, Alibaba.com, announced a partnership agreement with seven Chinese banks to offer unsecured business loans to small and medium-sized enterprises (SMEs) from mainland China. SMEs using Alibaba’s OneTouch trade-services platform can borrow from RMB 1 million (US$161,000) up to RMB 10 million (US$1.61 million) depending on company’s prior six-month export history and creditworthiness, which Alibaba ... Read More »

US Risk Climate: Small Business Optimism Slips

The National Federation of Independent Business (NFIB) released its June Optimism Index and there was a slip from May figures.  Small businesses showed that 6 of 10 categories in the survey fell month-over-month.  Only labor hiring sentiment and current job openings indexes were higher in the month. On that point, there is some evidence that many employees have become free ... Read More »

SME Access to Finance: UK Small Businesses Lack Access to Credit, Skills and Broadband

Britain’s nearly 5m small businesses remain worried about a lack of access to credit, a shortage of skilled workers and poor broadband services, according to a recent article in the Financial Times. UK’s private sector businesses are small and medium-sized enterprises, employing an estimated 14.4m, nearly 60 per cent of the private sector workforce. Their annual turnover is estimated at £1.6tn. Late payments by larger corporations ... Read More »

Australian SMEs Warned: Re-think What You Own and Register on the PPSR

Tips for SMEs from Australia’s leading insolvency, business, trade finance and credit experts Insolvency firms, business advisors, trade finance providers and trusted source of data intelligence, Veda, are warning small to medium enterprises (SMEs) about the consequences of not understanding the Personal Property Securities Register (PPSR).  Not having property interests registered with the PPSR can be devastating if a customer ... Read More »

SME Businesses in Europe ‘Growing in Confidence’

Small to Medium Sized Enterprises in Europe report increasing confidence about the economic climate and their prospects in 2014, according to a new business intelligence survey by GE Capital International. The findings report that SME firms in Europe are set for €410 billion capital expenditure over next 12 months, with nearly two-and-a-half new jobs planned across seven European markets. The ... Read More »

SMEs Data Protection Compliance Motivations

A survey conducted by the PDP (Privacy and Data Protection) in the UK showed why smaller organizations are concerned about data protection. SMEs listed the top reasons why they complied with data protection law and 60% stated that it was because of concerns about receiving fines.  A similar number stated that it was to avoid receiving adverse publicity. 80% said ... Read More »