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 […]
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 […]
