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 […]
Assetz Capital has launched a new fundraising round with Seedrs for £500k minimum (target £1m) and plans to secure matched funding from the government’s new Future Fund to support its next phase of growth. The peer-to-peer marketplace lender, which was accredited as a lender under the government’s Coronavirus Business Interruption Loan Scheme (CBILS) in May […]
A group of popular Derbyshire restaurant hotels has secured a six-figure Coronavirus Business Interruption Loan Scheme (CBILS) loan from Lloyds Bank to help secure its future as it keeps its doors shut during the COVID-19 pandemic. The Boar’s Head in Draycott-in-the-Clay, The Lion Hotel in Belper and The Littleover Lodge Hotel in Littleover are owned […]
Bridging lender Hope Capital today launches a new product which gives borrowers control and flexibility of their cashflow. The Discounted Rate loan is designed to help borrowers achieve the balance between affordability, optimal loan amount on day one, cashflow and Loan to Value. Interest is set at a lower rate for the first six months, […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender, has launched its new suite of buy-to-let mortgage products offering up to 75% loan-to-value (LTV). Zephyr has expanded its range of fixed-rate BTL mortgages for standard properties, residential properties, houses in multiple occupancy (HMOs), multi-unit blocks (MUBs), new-build properties and flats above commercial properties, all priced at different […]
Cynergy Bank is pleased to announce that from today it will offer the Coronavirus Business Interruption Loan Scheme (CBILS) to new business customers, having launched the scheme for existing customers in late April 2020. Following the British Business Bank’s announcement in April 2020 that Cynergy Bank – along with three other ‘challenger’ banks – had […]
UK Finance has today announced the appointments of Anne Boden, CEO at Starling Bank Limited, Ruth Leas, CEO at Investec Bank plc, Beatriz Martin Jimenez, Global IB COO & UK Chief Executive at UBS, Steve Hughes, CEO at Coventry Building Society, Anne Marie Verstraeten, UK Country Head BNP Paribas to its board. In line with […]
Figures published by the Treasury reveal how the banking and finance sector is helping businesses across the UK through these tough times. So far, lenders have approved over £31.3bn to over 745,000 businesses through government-backed schemes. In the past week alone, more than £3.8bn in lending has been provided to 94,000 firms through these schemes. […]
The government recently published its draft Corporate Insolvency and Governance Bill which makes several significant changes to the UK’s corporate and insolvency framework. Its aim is to help companies maximise their chances of survival, protect jobs and support the UK’s economic recovery. Some of the measures have been anticipated for several years, whereas others have […]
Tink and PayPal’s extended commercial agreement now includes all countries within the European Economic Area (EEA). As a first step, PayPal will implement Tink’s open banking and account aggregation technology into some user experiences for customers. The expanded relationship is supported by a second strategic investment from PayPal, carried out in connection to Tink’s latest […]
