The BBA is now integrated into UK Finance. Please go to www.ukfinance.org.uk for new content and updates from UK Finance.
Material published by BBA prior to 1st July 2017 is still available on this website.
From 1 July 2017, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance. It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation will take on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.x
If you’re starting a business and looking for finance, make sure you’re prepared to answer the bank’s questions and can back up your answers with research as much as possible.
The top four questions you’ll be asked:
When you apply for finance, a bank is most likely to ask the following four questions:
The right answers to these questions will improve your chances of success, helping to make sure you receive the right amount from the best source.
Your business plan should contain the answers you need. You can find out how to write an effective business plan and other tips for start-ups on these pages. Alternatively, you should visit the website of the Better Business Finance initiative which provides a wealth of resources for new businesses looking to take on finance and grow.
The Financial Reporting Council (FRC) has been looking at how best to rationalise some of the audit guidelines in place by better integrating the guidance into the auditing standards themselves. Read More
Mike Conroy, BBA, Executive Director, Corporate and Commercial Banking said: “The first quarter of this year saw an upturn in applications for loans and overdrafts from SMEs, although volumes were Read More
Ian Jordan, Chair of the BBA’s Northern Ireland committee, said of the latest data: “The first quarter of the year saw an increased number of SME loan applications, leading to Read More