Bridgeshield has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member. Bridgeshield Asset Management provides lenders with a broad range of solutions, from property risk assessment at origination, through to asset management and LPA receivership solutions for when things don’t work out as expected. With more […]
The Just Mortgages self-employed division has continued its rapid growth and has now passed the 300-broker mark. The self-employed division offers a solution to brokers who are looking for the independence that comes from being self-employed but value the support they get from being employed. It was established in June 2016, with just three brokers, […]
Northern Fire Solutions has secured a £200k Coronavirus Business Interruption Loan Scheme (CBILS) loan from specialist social impact lender GC Business Finance (GCBF) to fund its growth following a period of lockdown due to the coronavirus pandemic. Before lockdown, the fire door and fire screen manufacturer planned to increase efficiencies by closing its site in […]
88% of SME finance brokers anticipate rise in demand for loans as support measures ease 87% expect rise in business owners having to sign Personal Guarantees to get access to cash A new survey of commercial finance brokers supporting the UK’s small businesses suggests thousands of firms will be clamouring for business loans as the […]
Paragon Bank has procured business onboarding and automated due diligence technology services from RegTech firm, TruNarrative. The decision follows Paragon Bank’s recent approval from the British Business Bank, enabling Paragon to deliver bounce back loans to SME’s coping with the Covid-19 economic situation. Paragon Bank is a FTSE 250 multi award winning specialist bank with […]
1pm plc (AIM: OPM), the AIM listed independent specialist provider of finance facilities to UK SMEs, announces final results for the year ended 31 May 2020, reporting a resilient performance despite the business impact of Covid-19 in the fourth quarter of the financial year. The Company’s financial performance for the three quarters to 28 February […]
Paragon Bank has provided a £300,000 Coronavirus Business Interruption Loan (CBILS) to the UK’s largest provider of sliding sash windows, Victorian House Sales Ltd. The loan has enabled Victorian House Sales Ltd to recover from cash flow issues, which arose from having to shut down all business for several weeks during the pandemic. The loan […]
A software firm which helps accountants analyse their clients’ data is launching a new service to enable banks and financing firms make better lending decisions. The cloud-based service uses an API (app programming interface) to extract financial data in minutes and present it to the lender in an easy to understand standardised format. Ledgerflow, the […]
Landbay, one of the UK’s leading specialist buy-to-let lenders, has today reduced the rate on its Special Edition two-year fixed rates for both 60% and 70% LTV by 14 and 10 basis points respectively. The rates are now amongst the most competitive specialist buy-to-let rates in the market. Landbay, which is institutionally funded, has also […]
P2P lending platform Proplend announced this week that it had broken through the £100m lending milestone across the platform (£102m as of today), returned over £47m of capital and paid £10m of interest to its Lender base. Proplend Limited is a fully FCA authorised peer-to-peer lending platform specialising in sub £5m, secured commercial property loans […]
July 31, 2020
Edition 286 – June/July 2020
More questions than answers By David Grosse, of Number Eight Business Finance...
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