Small business owners have been tested to the limit over the past year, thanks to the pandemic putting intense pressure on cashflow and jobs. New research from QuickBooks reveals the range of personal sacrifices small business owners have taken just to keep their businesses afloat and employees in roles, including digging deep into their own […]
HSBC, the world’s leading global trade bank, has gone live with a new receivables finance platform developed by Demica, a fintech specialising in working capital solutions. The new platform provides HSBC’s large corporate clients with a single portal to load invoices, sell receivables and monitor the performance of the portfolio, enabling them to take advantage […]
Founded in 2003 in Tyne and Wear, Libra Seafoods is a privately owned family business that sources, processes and distributes seafood products. Libra sources its sustainable seafood products from the Far-East and South America. Libra uses market leading manufacturing processes and equipment to ensure that all its products are cooked, chilled and frozen to eliminate […]
LendInvest, the UK’s leading platform for property finance, and Jumio, the leading provider of end-to-end AI-powered identity verification and eKYC solutions, have announced a partnership that will further streamline LendInvest’s digital application process for its buy-to-let product. By incorporating Jumio’s award-winning biometric-based technology into its digital application system, LendInvest BTL applicants can confirm their identity […]
Time Finance are delighted to announce they have supported entrepreneur Dominique Tillen with a £125,000 facility under the Coronavirus Business Interruption Loan Scheme (CBILS) to boost her business, Brush-Baby, during the Covid-19 pandemic. In 2007, Dominique saw a gap in the market to empower parents to look after their children’s dental health and make toothbrushing […]
Aspen Bridging’s new head of sales, Ian Miler-Hawes has completed his first deal and in the process saved the applicants’ purchase of four apartments. The broker approached Ian stating his clients, who were looking to expand their portfolio, had just been served notice and had only 10 days to complete the deal or the seller […]
Business advisory firm Quantuma’s corporate finance team has completed a record-breaking eight transactions in the last fortnight, at a combined value of over £130m. Quantuma comprises a 250-strong team, operating across 22 locations around the UK and in selected offshore centres in Cyprus, Mauritius, and the Cayman Islands. In August last year Quantuma merged with […]
Fintech business lender MarketFinance has kicked off 2021 with a significant increase in lending volumes. Year to date, MarketFinance has deployed over £64m in business loans and invoice finance to businesses across the UK. This is up 50% from the same period last year. As a CBILS accredited lender by the British Business Bank, MarketFinance […]
Auckland Care Ltd, provider of strength-based bespoke care for individuals with learning difficulties, mental health needs and service users on the autistic spectrum, has been supported with a £3.8m funding package by leading alternative finance provider for mid-sized SMEs, ThinCats. Founded in 2001, Auckland Care is a specialist provider with a proven track record in […]
Published today, the British Business Bank’s Small Business Finance Markets 2020/21 report highlights a surge in applications for external financial support, including government and local grants, among small and medium sized businesses (SMEs), with almost half (45%) of all SMEs surveyed saying they applied for external financial support in 2020, compared to 13% in 2019. […]
