1pm plc (“1pm”), the AIM-listed independent specialist provider of finance facilities to UK SMEs, through its wholly-owned subsidiary, Onepm Finance, is pleased to announce that lending under the Coronavirus Business Interruption Loan Scheme (CBILS) is now live. Working closely with a select panel of the firm’s brokers at this time, 1pm has now extended access […]
UK businesses are returning to work this month with some trepidation, finds fintech business lender MarketFinance. Nine in ten businesses are waiting to be paid an average of £148,917 for work done pre-lockdown, half of those that applied for CBILS loans have been declined and cashflow will be strained as invoices take longer to be […]
Zenobē Energy, one of the UK’s largest independent owners and operators of battery storage, has secured up to £20m of contracted receivables funding from NatWest Specialist Structured Finance, to support the continued growth of the company in the EV sector. This follows on from last year’s successful raise of £35m of equity from JERA Co. […]
An award-winning luxury hotel on the Isle of Skye that has lost over a thousand bookings because of the Covid-19 pandemic has secured its future with the support of Bank of Scotland. Kinloch Lodge, a family-run 19-bedroom hotel, relies heavily on revenue from international tourists so the ban on overseas travel hit it hard. Some […]
United Tooling Solutions Ltd (UTS), a wholesaler of industrial tools and tooling equipment, is targeting significant growth across the UK thanks to funding from Shawbrook Bank. The Exeter-based trading subsidiary of national buying group, Troy (UK) Limited, is aiming to increase its operations through multiple acquisitions. UTS’ unique proposition incorporates broad-line industrial supplies distribution with […]
Over 972,000 businesses have been provided with lending worth a total of £40.7bn through the three major government-backed lending schemes, new figures from HM Treasury show today, as part of the banking and finance industry’s plan to help businesses get through these challenging times. Three months to the day after the launch of the Coronavirus […]
As the June deadline on the post Brexit UK/EU future free trade outline looms, a new report from professional services firm TMF Group has ranked the UK better than other major European countries for business complexity – one measure of a jurisdiction’s attractiveness for multinational firms. The TMF Group’s annual Global Business Complexity Index 2020 […]
ThinCats, the leading alternative lender to mid-sized UK SMEs has been approved by the British Business Bank as a new accredited lender to provide term loans through the Coronavirus Large Business Interruption Loan Scheme (CLBILS). ThinCats is the first non-bank lender to receive CLBILS accreditation for term loans. CLBILS funding will be used by ThinCats […]
Leumi ABL has announced the appointment of Phil Woodward as CEO following the retirement of its former chief executive, Paul Hird. Having co-founded the business 14 years ago, both Paul and Phil have been central to Leumi ABL’s success and have played an important role in making it the multi-award institution it is today. Formerly […]
United Trust Bank has launched a range of Coronavirus Business Interruption Loan Scheme (CBILS) facilities designed to assist a wide range of SMEs which have been adversely impacted by the coronavirus pandemic. CBILS facilities are available for the refinance of existing assets and the acquisition of new and pre-owned assets via hire purchase and finance […]
