An Essex-based property developer has secured planning approval and a £600,000 funding deal to complete the acquisition of a commercial property in Brentwood that will form the cornerstone to a major new apartment development. Rainbird Group already owns 6-8 Warescot Road in Brentwood, and the finance solution from the alternative finance provider Reward Funding now enables the […]
Lloyds and Mercore Capital have completed a series of landmark transactions under the International Trade and Forfaiting Association’s (ITFA) Digital Negotiable Instrument (DNI) Initiative, highlighting the ease and advantages of digital trade based on shared principles and advanced technology. The Documentary Collection transactions involved the shipment of sugar from Mercore’s client, an exporter based in the Americas, […]
An Inverclyde local is bringing the vibrant flavours of the Caribbean to the region after accessing support from Business Gateway. Using locally sourced ingredients, Maria Roberts has been showcasing her expertise to teach clients how to harness the bold flavours of the tropical isles in an exciting first for the area. Maria’s Caribbean Flava’s run […]
A Prestwick-based restaurant owner has secured a £1.14m funding deal to complete the transformation of a new four-star boutique hotel and unlock business growth opportunities within the area’s lucrative golf tourism industry. The funding solution, provided by original alternative finance lender Reward Funding, has enabled Taj Bar and Kitchen to develop 3,875 sq. ft. of […]
Triple Point Private Credit, a leading originator of private credit opportunities, has helped to secure £40m in corporate revolving credit facilities for MT Finance, a leading property finance lender. This funding agreement will support MT Finance’s lending growth in the UK property market. The credit facilities build on the previous £8m of funding supplied in […]
Liverpool based printing business, The Printroom UK has received £1.3mn in business banking support from Metro Bank. The lending facility is made up of £500k of invoice finance and £825k of asset finance for the business to purchase a new digital printer. The package also includes Metro Bank’s business credit card and an overdraft. The […]
Founded earlier this year by beautician Sara Razzaq, Hartlepool-based Nova Salon has secured a £15,000 Start Up Loan from the British Business Bank, delivered by the Business Enterprise Fund (BEF). Sara began working as a beautician at age 15, specialising in eyebrow treatments. She initially worked as a mobile technician alongside her college work and […]
British Business Investments today announces a £15m uplift to its existing facility with Southampton-based specialist asset finance company Liberty Leasing. The transaction, which increases the £15m facility made to Liberty Leasing in 2021 to a total £30m, will improve access to finance for smaller businesses in the construction, engineering, transport, agriculture, and printing sectors. British […]
Secure Trust Bank Commercial Finance (STB CF), the asset-based lending (ABL) arm of Secure Trust Bank, has hailed a successful period of supporting ambitious businesses across the UK, having provided nearly £20bn of funding to over 250 UK businesses since it was established ten years ago. STB CF specialises in providing multi-asset ABL solutions to […]
Foundation Home Loans, the intermediary-only specialist lender, has announced it has successfully executed its first Residential Mortgage-Backed Securitisation (RMBS) backed by a mixed portfolio of both buy-to-let and owner-occupied mortgage loans. The securitisation, titled Braccan 2024-1, priced on 4 September, with Foundation seeking to sell £550m of mortgage loans. The new shelf sits alongside the […]
