Challenger and Specialist Bank Lending Hits Record High, but Overall Proportion of Smaller Businesses Accessing Finance is Down Amid Challenging Economic Conditions, Finds Latest British Business Bank Research
The British Business Bank’s Small Business Finance Markets 2024/25 report, published today, finds that challenger and specialist banks’ share of gross lending is the highest on record – accounting for…
What It Means and How To Create Pro Forma Financial Statements
From the Latin meaning “for the sake of form,” pro forma generally means something done for the sake of appearances, or formality. In finance, pro forma statements are projected, hypothetical…
NTT DATA Business Solutions gets SAP certification for Finance Accelerated package
NTT DATA Business Solutions has received the official SAP-qualified partner packaged solution certification of its Finance Accelerated for GROW with SAP solution. This milestone underscores the company’s commitment to empowering…
Flex Raises $225 Million for Finance Platform for Business Owners
Flex raised $225 million in debt and equity funding to continue building its platform that manages business owners’ transactions, both business and personal. “We bid farewell to the days owners…
Treasury ends enforcement of business ownership database meant to stop shell company formation
WASHINGTON (AP) — The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb… WASHINGTON (AP) — The U.S. Treasury Department announced it will…
DF Capital launches structured finance business
UK-based specialist bank DF Capital has launched a structured finance entity to enhance cash flow and funding access for businesses. This new initiative will be supported by a dedicated team…