Tagged: cbils

April 30, 2020 @ 8:04 am By JD Alois  |  

UK Finance has posted its weekly update as to the amount and number of loans distributed to SMEs impacted by the COVID-19 pandemic. According to the data, £4.157 billion has been approved under the Coronavirus Business Interruption Loan Scheme (CBILS) for 25,262 loans. 52,807 applications… Read More

April 26, 2020 @ 7:01 pm By JD Alois  |  

  The British Business Bank has announced multiple new lenders added to the Coronavirus Business Interruption Loan Scheme (CBILS). Today, the British Business Bank has revealed the approval of the Allied Irish Bank (GB)/AIB (NI), ThinCats, Paragon Bank and IGF. These four lenders will join… Read More

April 22, 2020 @ 10:01 am By JD Alois  |  

Rangewell, a firm that works with UK SMEs and their advisors to help them find, compare, and apply for business finance, has published another 0pen letter directed to Chancellor of the Exchequer Rushi Sunik. Late last month, Rangewell published a different open letter addressing the… Read More

April 21, 2020 @ 1:54 pm By Samantha Hurst  |  

Funding Xchange (FXE), a UK-based fintech that helps people and organizations find suitable business loans and funding options from its marketplace of more than 45 established lenders, announced on Tuesday it has formed a new partnership with Experian to launch an online service for banks… Read More

April 17, 2020 @ 3:43 pm By JD Alois  |  

SME Marketplace lending platform Funding Circle (LSE:FCH) has been approved by the British Busines Bank as a lender under the  Coronavirus Business Interruption Loan Scheme (CBILS). The online lender becomes one of a handful of Fintechs in the UK facilitating the program. Funding Circle said… Read More

April 14, 2020 @ 2:56 pm By JD Alois  |  

Startups and early-stage firms are vital to any economy that seeks to foster robust growth and wealth creation. Yet many early-stage firms are focused more on growth than earnings, and thus would not qualify for the programs bundled together by the UK government during the… Read More

April 10, 2020 @ 7:10 pm By JD Alois  |  

Following approval by the British Business Bank as  CBILS lender, Starling Bank – a digital-only bank, has issued a statement. Starling is a fully licensed and regulated bank, founded by Anne Boden, former Allied Irish Banks COO, in 2014. Helen Bierton, Starling Bank’s Chief Banking… Read More

April 10, 2020 @ 7:01 pm By JD Alois  |  

The British Business Bank has announced new lenders participating in the Coronavirus Business Interruption Loan Scheme (CBILS) including several digital banks. Established in 2014, the British Business Bank is the UK government’s economic development bank. The Bank’s mission is to make finance markets for smaller… Read More

April 4, 2020 @ 1:35 pm By Omar Faridi  |  

Capital on Tap has been working cooperatively with other Fintech service providers in order to develop a software tool, which aims to assist businesses with tracking and claiming back the funds they may have lost, due to the deadly Coronavirus (COVID-19) outbreak. Capital on Tap… Read More

April 3, 2020 @ 10:04 am By JD Alois  |  

Following intense criticism regarding the confines of the Coronavirus Business Interruption Loan Scheme (CBILS), HM Treasury expanded the program in a move to support a broader range of businesses – most importantly smaller firms. Last week, Rangewell, a business finance specialist, posted an open letter… Read More