Allica Bank, the bank that seeks to empower small and medium-sized businesses, has today announced the appointment of Matthew Oakes as head of Prudential Risk. It is a significant hire for the growing bank as it continues its expansion across the UK. In his new role, Matthew will have oversight of Allica’s prudential regulatory obligations […]
Asset-based lending specialist, BREAL Zeta Commercial Finance, has bolstered its team with the appointment of regional business development Director, Geraint Regan. BREAL Zeta CF is affiliated to a global credit fund that has $33bn of assets under management. The company offers structured asset-based lending facilities up to a £150m hold level that provide working capital […]
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 […]
Savills latest Quarter One figures reveal that the Covid-19 lockdown is impacting Scotland’s development sector after a positive start to 2020, pausing housebuilding and slowing the new build sales market, despite pent up demand. However the strategic development land market has been less immediately effected as it is based on longer time horizons, according to […]
Landbay, one of the UK’s leading buy-to-let lenders, today launches a new product range, with loan to values up to 75% LTV. Landbay, which is institutionally funded, has continued to lend on buy-to-let properties throughout the lockdown. Rates on the new range start from 3.39% and it will also lend both on large and small […]
Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme for small business across the UK. The scheme is intended to target small and micro businesses in all sectors, with loans from £2k up to 25% of the business’ turnover with a maximum […]
Data released (29 May 2020) by government covering the level of private investment during 2018/19 under the tax advantaged Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) indicates that private investors continue to play their part in supporting early stage growth businesses. There had been concern that the changes to the Scheme rules, […]
A company vital in keeping the UK’s lights on has secured one of the earliest Coronavirus Large Business Interruption Loan Scheme (CLBILS) packages. CLBILS is one of the government measures introduced to support businesses impacted by the Covid-19 pandemic. Rainham Industrial Services, which specialises in the installation, maintenance and decommissioning of large industrial sites including […]
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 […]
The banking and finance industry is today confirming its continued support for commercial landlord customers as part of its ongoing commitment to help business customers through these difficult times. With the June/July rent quarter soon approaching, lenders recognise that commercial landlords and their tenants may have concerns about their ability to make their payments. Banks […]
