Home » SME Access to Finance Issue (page 4)

SME Access to Finance Issue

SME Access to Finance Curtailed as Banks to Shed High Risk-Weighted Assets

In order to comply with Basel III adequacy rules banks are further deleveraging impacting negatively lending to SMEs.  The issue is that SMEs are classified as higher risk-weighted assets. Banks have pulled back their corporate lending in nearly all Eurozone countries since mid-2012. But the steepest falls have been in “peripheral” countries, with Spain leading the way as outstanding loans ... Read More »

SEC Proposes New Rules for Crowdfunding

The Securities and Exchange Commission voted unanimously to propose rules under the JOBS Act to permit companies to offer and sell securities through crowdfunding. Crowdfunding describes an evolving method of raising capital that has been used outside of the securities arena to raise funds through the Internet for a variety of projects ranging from innovative product ideas to artistic endeavors ... Read More »

NACM Reiterates Opposition as Virginia Continues Consideration of Commercial Credit Reporting Bill

The National Association of Credit Management (NACM) reiterated its opposition to Virginia House Bill 2198 this week as policymakers in the Commonwealth continue to consider the bill’s ramifications ahead of the next legislative session in 2014. NACM continues to oppose HB 2198 on the grounds that it would make it harder for commercial credit managers to get the information they ... Read More »

Dun & Bradstreet Credibility Corporation Introduces Mobil APP ‘CreditReporter’

The Dun & Bradstreet Credibility Corporation has introduced a mobile APP, “CreditReporter,” to provide business owners quick and easy access to credit information they need most.  The APP uses the latest technology and is lightning fast.  Among other features, users can see their companies’ profiles and credit scores in real-time, can find out when others are pulling their report, and ... Read More »

Transparency at Risk: Commercial Credit Reporting under Attack by Small Business Commission

Virgina, USA:  DEBATE OVER HB 2198 CONTINUES AT RECENT VIRGINIA SMALL BUSINESS COMMISSION MEETING The Virginia Small Business Commission continued its study of House Bill 2198 early September with the meeting of an ad hoc committee specifically formed to study the legislation, which would affect commercial credit reporting in the Commonwealth. NACM was in attendance, providing the committee with a ... Read More »

NACM Releases Commercial Credit Reporting Fact Sheet

In support of National Small Business Week, the National Association of Credit Management (NACM) released a fact sheet today offering the nation’s small businesses a quick reference document on commercial credit reporting.  The free fact sheet, titled “Commercial Credit Reporting: What Every Company Needs to Know,” provides the smallest of the nation’s firms with the information they need to be able to ... Read More »

D&B Launches Small Business Health Index

Small Business Health Index Offers Perspectives on Small Business Success in Recognition of National Small Business Week In recognition of the 50th anniversary of the U.S. Small Business Administration’s National Small Business Week (June 17-21), D&B (NYSE:DNB) offers perspectives that help small businesses recover, grow and succeed. As a trusted partner to small businesses for more than 171 years and ... Read More »

European Bankers Expect “Credit Gap” to Shrink for Consumers and Small Businesses, According to FICO-Efma Survey

FICO (NYSE:FICO), and Efma announced recently the results of the seventh European Credit Risk Survey, which measures retail bankers’ outlook for the availability of credit along with their investment priorities for the year ahead. In the February survey, completed by 130 credit risk professionals from 41 countries, the forecast for a “credit gap” between credit supply and demand fell sharply ... Read More »

Credit Assessment: The “Computer Says No” Myth

There’s a common fallacy that computers – because they have no souls – turn down loan requests automatically, whereas bankers – some of whom may have souls – are more likely to look at all the facts and say “yes.” This myth popped up again recently, when SME business owners in Birmingham, UK, told the UK’s Parliamentary Commission on Banking ... Read More »

Crisil India: Bank Loan and SME Ratings Drives Growth

Crisil Ltd, one of India’s credit rating agencies, has reported a 7.5 per cent rise in net profit at Rs 60 crore during the October-December quarter compared with Rs 56 crore in the year-ago period.  Its consolidated profit-after-tax was Rs 220 crore against Rs 206 crore, an increase of 6.8 per cent, the company said in a statement. Consolidated total ... Read More »

The Credit Conundrum: SME Financing Gap in Europe

Small- and medium-sized enterprises (SMEs) account for the majority of business activity in most countries and play a vital role in stimulating growth, innovation and competitiveness. It is therefore important to assess the degree to which SMEs are provided with adequate access to lines of credit and financing options to enable their growth and stability. According to the Bank of ... Read More »

Graydon UK Commented on Government Plans to back SMEs

Alexander Schwendtner, Managing Director Graydon commented on Government plans to boost SME growth Prime Minister David Cameron saluted Britain’s record rate of new business creation.  One ironic positive from the on-going financial crisis is that the number of entrepreneurs setting up new small and medium sized businesses is on the rise.  As unemployment rises and while we wait for the ... Read More »

SME Access to Finance: The Business Model Seems to Be the Issue

The SME Finance Forum Group on LinkedIn (over 1100 members) conducted a survey to get a sense of priorities in this sector.  The group was polled on four key subjects and the response was as follows: Policies and Regulations:   11% Business Models:  31% Impact on Jobs and Poverty:  11% Data: 15% This indicates a lesser concern about policies and regulation ... Read More »