Tagged: recovery loan scheme

UK SMEs Cheering Up as 2022 Looms: MarketFinance Survey

SMEs across the United Kingdom are somewhat optimistic consumer demand will soon rise, the results of a survey by fintech MarketFinance suggest. MarketFinance asked 2,000 SME owners across the UK about their outlook for 2022 and beyond, gauging their short and long-term plans for business… Read More

UK based MarketFinance Explains How to Support Business Operations with Loans, Invoice Financing

Businesses require cash to grow their operations. That’s something company founders and CEOs know really well – even when business is picking up, the MarketFinance team writes in a blog post. UK-based MarketFinance, which is a leading online lender that recently raised £280 million in… Read More

Recovery Loan Scheme Surpasses £1 Billion Lending Mark

The British Business Bank this week announced the Recovery Loan Scheme has passed a significant milestone, with 76 accredited lenders having offered more than £1bn to smaller UK businesses. Of the £1.06 billion of funding offered through 6,190 facilities so far, £822.8m has been drawn… Read More

4.5 Per Cent Unemployment a Good Sign, But UK Businesses Still Need Help

While the recent drop in the United Kingdom’s unemployment rate to 4.5 per cent is reflective of a strengthening economy, there are still vulnerabilities, financial industry representatives believe. Conister director Douglas Grant said while the data suggests a strong and recovering UK workforce, attention needs… Read More

Fintech iwoca Accredited for Recovery Loan Scheme, Firm Also Launches Free Mental Help Sessions for UK Business Owners

European Fintech iwoca confirmed recently that it has been accredited under the UK’s Recovery Loan Scheme (RLS). The iwoca team wrote in a blog post, dated October 5, 2021, that they’ve been accredited by the British Business Bank as a lender under the RLS. This… Read More

UK’s MarketFinance Explains How to Apply for the Recovery Loan Scheme and Highlights its Benefits

UK-based MarketFinance, a leading online lender that recently raised £280 million in debt and equity and was approved for flex loans, notes in a blog post that there’s “no denying” that last year was quite tough. However, the MarketFinance team claims that “things are looking up”… Read More

MarketFinance Raises £280 Million in Debt and Equity, Approved for Flex Loans

MarketFinance, a top online lender based in the UK, has announced a £280 million debt and equity funding while simultaneously announcing its accreditation under the Recovery Loan Scheme (RLS). MarketFinance was previously approved as a lender under the Coronavirus Business Interruption Loan Scheme (CBILS) having… Read More

Manx Financial Group’s Conister Approved by British Business Bank to Offer Recovery Loan Scheme

Conister Finance & Leasing has been approved as a British Business Bank accredited lender for the UK Government’s Recovery Loan Scheme (RLS). Conister is part of Manx Financial Group (AIM:MFX). The company says the announcement comes at a time when the Government-backed Bounce Back Loan… Read More

Assetz Capital Shares Key Features of Their Recovery Loan Scheme Backed Facility

The team at Assetz Capital, a marketplace lending platform originating secured loans, notes that after the end of the previous COVID-19 loan schemes, the UK Government launched the new Recovery Loan Scheme (RLS). Assetz Capital was accredited to lend via the RLS scheme on July… Read More

UK’s Starling Bank Accredited by British Business Bank as Lender Under Recovery Loan Scheme

UK-based digital bank Starling has been accredited by the British Business Bank as a lender under the government-backed Recovery Loan Scheme (RLS), which is the successor to the Coronavirus Business Interruption Loan Scheme (CBILS). Starling had previously been approved as a lender under the initial… Read More

Funding Circle Receives Recovery Loan Scheme Accreditation

Funding Circle lobby

  Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the U.S. and parts of Europe, recently announced it received accreditation under the British Business Bank’s Recovery Loan Scheme (RLS). Funding Circle reported that RLS loans will be offered alongside the platform’s… Read More

British Business Bank: Recovery Loan Scheme Open for Applications

The Recovery Loan Scheme is now open for application. Administered by the British Business Bank, this is a new scheme to support access to finance for UK businesses as they turn the corner on the COVID-19 health crisis. The scheme, announced at the Budget on… Read More

British Business Bank Provides More Info on Recovery Loan Scheme and Future Fund Following Budget Announcement

The British Business Bank has distributed a response following the Budget presentation by the Chancellor of the Exchequer Rishi Sunik. The Bank has been a key factor in supporting UK businesses as it has managed a series of programs designed to backstop the economy. Within… Read More

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