Today the British Business Bank has announced that it has approved Fiduciam for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), and accredited BBVA under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). New CBILS lender Fiduciam will be able to provide financial support to smaller businesses across the UK that are losing revenue […]
West Sussex-based Energys Group Limited (“Energys”) has secured a £1.5m confidential invoice discounting facility from Arbuthnot Commercial Asset Based Lending (“ABL”) to generate additional liquidity to fund future growth, ultimately helping more businesses to reduce energy usage and increase efficiency. The new revolving funding line takes into account staged invoices within the borrowing base, which […]
The current pandemic has thrown drastic obstacles in the way for UK businesses. With a total business confidence score of 92.9 out of a total of 190, these figures show just how uncertain businesses feel at present – according to a new, Business Confidence Report by Nexus Global. Nexus Global surveyed senior managers in businesses […]
United Trust Bank (UTB) have made it their mission to help get the mortgage industry back open for business by launching its #BrokerSummerSupportPackage campaign. Over the coming weeks the Bank will be announcing a number of mortgage product, criteria and technology enhancements which it believes will enable brokers to write more business, despite the challenging […]
Australia’s largest non-bank lender to SMEs, Scottish Pacific, has today announced a new integration on the Xero app marketplace, designed to improve small business’ access to funding. The app, ScotPac Cash Connector, will help businesses unlock cash flow and access money tied up in unpaid invoices by connecting directly with the Xero platform. SMEs can […]
Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has released the results of a new pulse survey that explores how companies in Singapore are planning for changes in the rewards and talent landscape in a Covid-19 world. Aon conducted the survey, “Setting the […]
Praetura Commercial Finance has successfully completed an increased syndication of its debt facilities, enabling more SMEs in the Northern region to obtain the transformational finance they need to power ahead in the current challenging environment. The funding will be made available to SMEs, offering innovative working capital solutions for a variety of event-driven transactions, including […]
The banking and finance industry has approved £47.9bn to over 1.1 million businesses so far through government-backed coronavirus lending schemes, HM Treasury statistics reveal today The Bounce Back Loan Scheme (BBLS) continues to provide new support to thousands of small and micro businesses every day, with 1.08 million businesses having received a total of £32.8bn […]
The International Chamber of Commerce’s (ICC) 11th annual Global Survey on Trade Finance reveals that banks are optimistic about the evolving nature of trade finance, though unsurprisingly expect various industry-wide challenges and disruption as a result of the Covid-19 pandemic. The 2020 ICC Global Survey report – recognised as the world’s most authoritative review of […]
The Commercial Finance arm of FTSE-listed Secure Trust Bank has surpassed £5bn of invoices funded to British businesses. The division, which is headed up by managing director John Bevan, has funded a further £1bn in just under 10 months, having reached the milestone of £4bn in October 2019. Since it was established in 2014, Manchester-based […]
