Bridging lender Fiduciam’s push into the London market is bearing its first fruit with a deal worth nearly £1m on two properties in south-west London. The recent deal provides further evidence of the flexible approach which Fiduciam believes is central to its success. The borrower, a building contractor looking to expand into property development, initially […]
Nucleus Commercial Finance (Nucleus) and Paragon Bank PLC (Paragon) today announce a £25m funding line that will support more SMEs through secured loans and property finance. The new funding line is in addition to the existing £50m in funding that Nucleus has specifically for its property finance product. The new funding will enable Nucleus to […]
Analysts of the P2P platform Robo.cash have identified the most likely trends for the further development of alternative lending in Europe. The most prominent include the increasing importance of the P2P sector in its mainland part, gradual creation of a pan-European space for crowdfunding and stronger cooperation of P2P platforms with banks. While the growth […]
El Mexicana, the grab-and-go burrito bar, has agreed a seven-figure funding deal with ThinCats, the leading alternative lender to mid-sized SMEs. The funding will allow the business to acquire new sites and modernise facilities with self-service kiosks. Established in 2011, El Mexicana already has 17 sites across the UK. The aim over the next two […]
Linked Finance, Ireland’s leading peer-to-peer (P2P) lending platform, has launched a five-year unsecured business loan for Irish SMEs. This new loan of up to €300,000 is unique in the Irish market, meeting the needs of companies with more complex funding requirements and providing an attractive alternative to asset financing when companies are looking to invest […]
The value of all construction contracts awarded in 2019 was £59.9bn. This represents an increase of 0.2% on 2018 which in turn was 15.7% lower than 2017. Whilst contract awards values have levelled off in 2019, the value of £59.9bn is approximately 20.3% lower than the peak of £75.1bn achieved in 2015. The number of […]
UK SMEs reported feeling calm about their business ahead of Brexit on 31st January, according to a survey conducted by Skipton Business Finance. The survey, conducted by Skipton Business Finance, involved businesses from varied sectors including manufacturing, engineering, recruitment, logistics and other specialist services. The data collected showed that over 50% of businesses reported feeling […]
Crystal Specialist Finance (CSF) has been appointed to the packager panel for multi-award winning adviser business, PRIMIS Mortgage Network. CSF will immediately support PRIMIS appointed representatives with extensive training, support and products from its comprehensive lender panel in the regulated and non-regulated bridging, buy-to-let and specialist residential sectors. The partnership will also see a very […]
Overseas demand for British luxury goods, homeware and sports and leisure products helped an index of UK manufacturing exports recover from a seven-year low in the final quarter of 2019, according to Lloyds Bank Commercial Bank. While UK manufacturing exports fell for the third quarter in a row in Q4 of 2019, according to the […]
Specialist finance trade body, FIBA, has announced the appointment of short-term bridging lender, Bridging Link, to its lender panel. Bridging Link provides regulated and non-regulated bridging loans on a 1st and 2nd charge basis. They lend from £50,000 up to £2.5m with a maximum LTV of 70%. The firm is strongly supportive of the intermediary […]
