This success has been driven by flexible funding support from Secure Trust Bank Commercial Finance. Most recently, the firm secured a £250,000 CBILS facility in May 2020, adding to the long-term support the bank has provided since 2015. Since then, the Bolton-based supplier of kitchens and appliances for the kitchen, bathroom and bedroom (KBB) industry […]
The Enterprise Investment Scheme Association (EISA) is presenting the opportunity for the chancellor to attract £340m from private investors to support the country’s growing businesses by making some changes to the EIS (Enterprise Investment Scheme) terms in the coming Budget. The challenging economic situation during 2019 and 2020 has seen a 30% year on year […]
The loan will fund the development of a block of 100 one- and two-bedroom apartments, with underground parking and cycle storage in Peterborough, Cambridgeshire. The scheme, which is part of the Riverside Generation Project in Fletton Quay, is a brownfield site by the River Nene, in walking distance of Peterborough station. The scheme is being […]
Hodge has refreshed its Portfolio Buy-to-Let (PBTL) proposition, with the relaunch of its standard PBTL product and a new Specialised Residential Investment proposition. This builds on Hodge’s recent innovation in the PBTL space over the past 18 months, aligning the proposition with the lender’s established track record of success in more complex investment property finance. […]
Enra Specialist Finance has announced that it has signed a £250m mortgage forward flow agreement with J.P. Morgan. The transaction involves the sale of future buy-to-let mortgages originated by Enra to J.P. Morgan. This is the latest in a series of substantial investments Enra has secured for its lending business West One Loans. This new initiative […]
Steel manufacturer, Hi-Tech Steel Services, secures a £8.75m funding facility, which includes a £750,000 Coronavirus Business Interruption Loan (CBILS) from Independent Growth Finance (IGF). The Merseyside-based steel processor required additional working capital to support growth and assist the business during the height of the pandemic. Hi-Tech Steel Services processes 2500 tons of strip mill product each month on a variety of equipment. With roots stemming back to 1992, the company […]
A new proptech online engine has been launched to reduce the risk of development finance for lenders, by providing a guarantee to purchase new homes built by SME housebuilders. Access to finance is becoming a growing problem for SME housebuilders with The Federation of Master Builders reporting that 42% of SME developers were involved in […]
Reward Finance Group in Manchester is expanding its team further by appointing Christine Daly as portfolio executive, following another impressive 12 months. Christine joins the SME funder having worked at Bibby Financial Services for more than 13 years where, latterly, she was relationship manager within the trade finance division. The appointment comes following a record […]
MAP Group (UK), leading independent providers of professional technology services to the UK communications sector, has been supported with £4m in acquisition funding by ThinCats, leading alternative finance provider to mid-sized SMEs. The funding will enable MAP Group to acquire specialist provider of telecommunications pole replacement and maintenance services, USL. MAP Group is based in […]
The year 2020 was a record year for the number of mergers and acquisitions in the global banking sector. According to data presented by Finaria.it, the number of banking merger and acquisition deals hit over 1,300 last year, more than in 2018 and 2019 combined. Record number of mergers and qcquisitions, but no larger deals […]
