The growth of the factoring industry in 2019 continued its upward trend and the reported figures indicate an increase of over 5% to reach 2,917 bn euro. When looking at the individual markets, we must remember that the local currency fluctuation against the euro played an extremely important role, similar to past years. Europe further […]
Specialist asset-based lender Ultimate Finance is today announcing that it has expanded its Coronavirus Business Interruption Loan Scheme (CBILS) accreditation to include asset finance products. Ultimate Finance’s accreditation by the British Business Bank for the CBILS asset finance variant will enable the company to utilise its broad expertise to provide funding to SMEs to support […]
A Doncaster fish merchant is working overtime to meet demand from fish and chips shops across the North of England as lockdown restrictions are eased, with support from Lloyds Bank. The majority of Warners Fish Merchants’ customers, which include fish and chip shops, restaurants and catering businesses, closed their doors when the government-mandated lockdown came […]
Pluto Finance has completed a £3.4m development exit bridge loan for Storey Homes’ Birch Meadow development in Hertfordshire. Birch Meadow is an exclusive development of 12, three, four and five-bedroom homes located on Cambridge Road in the Hertfordshire village of Barkway, near Royston. The low-gear development exit bridge facility was agreed at 55% LTV for […]
SSGC Ltd, a security services business based in Swindon, has experienced a surge in growth due to Covid 19 forcing it to adapt to the new changes and meet the everchanging demand. The coronavirus pandemic has led to a number of changes to UK businesses, with many having to adapt to the new changes brought […]
British Business Investments Ltd announces a commitment of up to £40m to Columbia Lake Partners Fund II – CLP Growth II GBP SCSp – at its first close. Columbia Lake Partners (CLP) is a London-based venture debt fund, providing growth capital term loans of £3-10m to venture capital backed technology businesses. The investments are a […]
Trade credit insurance, which provides essential cover to hundreds of thousands of business-to-business transactions, will receive up to £10bn of government guarantees, ministers announced today. The Trade Credit Reinsurance scheme, which has been agreed following extensive discussions with the insurance sector, will see the vast majority of trade credit insurance coverage maintained across the UK. […]
Independent research that is conducted twice a year (since 2014) by market analysts East & Partners on behalf of national SME funder Scottish Pacific. On ScotPac’s behalf, East & Partners and polls a representative sample of Australian SMEs with $1-20m revenue, who use all types of methods to fund their businesses (ie it is not […]
Covid-19 continued to dominate the attention of brokers, with ‘Covid-19: Temporary Maximum LTV Restrictions’ featuring prominently across four of the seven categories recorded by Knowledge Bank’s criteria tracker in May. This echoes results in the previous month and reflects the ongoing limits placed on LTVs by many lenders in the wake of the coronavirus outbreak. […]
A West Midlands manufacturer of equipment used for medical procedures in hospitals around the world, has ramped up the production of specialised procedure packs and devices for treating UK Covid-19 patients, with the support of an extended working capital facility from Lloyds Bank. Kimal has focused 100% of one of its manufacturing facilities and a […]
