Pulse Cashflow Finance have announced the addition of a tech enabled invoice discounting solution to their portfolio of funding solutions. As the first funder in the market to offer e-sync technology, the development is designed to provide faster and easier access to cash enabling the funder to support more UK businesses and existing clients who […]
Partnership Investment Finance (PIF) has granted almost £700,000 of its legacy funds to alternative lending provider Finance For Enterprise. The capital is to be used to provide loans to SME businesses based within the Humber area. As part of the agreement, Finance For Enterprise has pledged to match-fund the investments made to recipient businesses, therefore […]
Secure Trust Bank Commercial Finance has exceeded the milestone of more than £500m of facilities available to clients across the UK. After surpassing £5bn of invoices funded last year, the bank’s half year results also showed an impressive 25% increase in lending balance up from the same point in 2020. This is against a backdrop […]
ThinCats, the leading alternative lender to mid-sized SMEs, has announced new features for cashflow loans above £5 million that qualify under the Recovery Loan Scheme (RLS). The additional benefits include: Capital repayments – Up to 12 months capital repayment holiday considered on all loans with the potential for 100% bullet payments depending on leverage multiples […]
The Board of Banking Competition Remedies Ltd (BCR) today publishes progress updates for Pool A, B, C and D recipients, providing a summary of performance against their public commitments to the period 30th June 2021. The updates of those awarded, their original commitments made and key achievements to date can be found here. In this […]
Time Finance are delighted to announce that they have secured Sharon Bryden as director of commercial loans & ABL with immediate effect. The role is newly created and is reflective of the firms’ commitment to delivering a market leading portfolio of funding solutions to UK businesses as they recover and grow. As a member of […]
Capitalise.com, a digital ‘super platform’ that allows accountants and their SME clients to access capital from mainstream and alternative finance providers with a suite of credit and risk tools, has raised £10m from Experian, QED Investors, Gauss Ventures, Hambro Perks and Post Finance. The investment will expand Capitalise’s accountant and SME platform with a suite […]
Confidence among Britain’s SMEs remains strong with almost eight out of ten (78%) saying they are expecting a boost in trade over the coming three months now that most Covid restrictions have been lifted. A survey of 500 firms by Recognise Bank also found that a significant number of SMEs are concerned about the continued […]
The latest Lloyds Bank Business Barometer shows: Business confidence increased by six points to 36% to reach its highest level since April 2017. Economic optimism rose by 6 points (38%), offsetting the slight July dip. Pay growth expectations reached a three year high, with over a third (34%) of businesses predicting rises of at least […]
Vicarage Nursing Home, a family run care home located near Shrewsbury, now has the capital to invest in its business following a re-financing of its loans to Cynergy Bank. Vicarage Nursing Home has been owned and successfully traded by the Ephraims family since 2003. The home is a 50-bed specialist dementia care facility located in […]
