Despite increasingly difficult trading conditions and widespread uncertainly during the Covid-19 pandemic, SMEs are turning to Direct Debit as a means of collecting payments from their customers. Cambridgeshire-based Eazipay Ltd, a leading Direct Debit and automated payment processing company, has seen a growth in processing volumes and an increase in the number of new sales […]
A seven-figure funding package from Unity Trust Bank is enabling a responsible finance provider to support businesses that have been affected by the Covid-19 pandemic. Up to 20 SMEs across South East England will benefit after the commercial bank with a social conscience loaned £1.5m to Let’s Do Business Finance – an accredited lender of […]
Accounting for 50% of turnover in the UK private sector and three-fifths of employment, SMEs are the backbone of the UK economy and many are currently weathering unprecedented challenges and need help – and they need that help now. Bibby – as long-term champions of SMEs – has the experience and track record to help […]
Nivo has launched a new B2B digital messenger service as a direct result of feedback from its recently formed Second Charge Lenders Technology Steering Committee. Several members of the lender committee contributed to the development of the service with Optimum Credit, United Trust Bank and Freedom Finance already running cases. Conveyancer brands on Nivo, along […]
An award-winning, family-run hotel, pub and wedding venue in Swansea is hoping to welcome patrons back in July following support from Bank of Scotland. Based on the Gower peninsular, the King Arthur Hotel has secured a six-figure loan from Bank of Scotland via the Coronavirus Business Interruption Loan Scheme (CBILS) to help it cover critical […]
Allica Bank, the business bank dedicated to empowering small and medium-sized businesses to succeed, has today announced the appointment of Brandon Hall as senior business development manager for asset finance. Brandon will be working closely with Nick Baker, head of intermediaries, and Richard Cameron, head of asset finance, to develop and deliver an industry-leading asset […]
The CBILS loan has enabled Hadley Hargreaves to recover from cash flow issues and losses as a result of the pandemic. It has also provided funds to purchase additional machinery, expanding the production capabilities of the business. Paragon has supported the Presteigne-based business since 2016 through invoice and asset finance, which enabled Hadley Hargreaves to […]
Today the British Business Bank has announced that it has accredited the Bank of India under the Coronavirus Business Interruption Loan Scheme (CBILS), and Silicon Valley Bank under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). New CBILS lender Bank of India will be able to provide financial support to smaller businesses across the UK […]
Crieff Hydro, a family-run Scottish hotel group, has secured a £5m CBILS overdraft from Santander UK to help the business through the challenges facing the hospitality and leisure sector during the pandemic. The company, which was founded in 1868, owns and operates seven hotels across Scotland. The hotels are in rural locations and offer a […]
The banking and finance industry welcomes a new report which sets out how the sector can work together to drive an environmentally sustainable economic recovery and deliver a just transition to net zero. The report, Financing climate action with positive social impact: How banking can support a just transition in the UK, is produced by […]
