Barrow-upon-Humber based business, Holistic Fire Safety Limited, has secured a £25k Bounce Back Loan from Santander UK to meet growing demand as workers across the UK return to the office. Entrepreneur and fire safety expert William Davidson founded the business at the end of 2019 and had been operating for just eight months before coronavirus […]
Five startup businesses have won a year’s access to a new online finance training platform from a Yorkshire-based finance management firm. The wins are part of a competition which launched Mellor Financial Training’s virtual training platform, established to offer an on-demand digital system specifically designed to be consumed online. Martin Mellor, founder and managing director […]
Unity Trust Bank, the specialist commercial bank, has reported an increase in total net lending of more than £50m in its half year results. With many businesses facing uncertainty following the outbreak of Covid-19, Unity has focused on supporting its customers, with a 10% increase in lending. Despite the effect of the pandemic, pre-tax profits […]
Tandem Bank announces an exciting milestone for the business today and its aim of becoming the UK’s first green digital retail bank, as it acquires Allium Lending Group, a leading green lending business, as part of a £60m fundraising deal that was finalised last week. For the past six years, Allium has been helping customers […]
Financial services SMEs have emerged as the most resilient and confident sector group in the wake of lockdown, according to Sage’s SME Sentiment Index. Businesses in this sector are the most likely to have been profitable by the end of Q2 2020, with 63% expecting to turn a profit by mid-year. They are also the […]
Backbase today announces that Mauritius Commercial Bank (MCB) has gone live with a brand new mobile app for SMEs built from the ground up on the Backbase Digital-first Banking Platform. This milestone marks the completion of the first phase of MCB and Backbase collaboration. Together with Backbase, the bank is accelerating the path towards digital […]
A brand new study from the UK’s leading independent job board, CV-Library, reveals that two-thirds (66.7%) of finance professionals still expect to receive a pay rise from their employer in the next 12 months, despite the country going into a recession as a result of Covid-19. The job board surveyed 1,100 UK professionals, to understand […]
Nucleus Commercial Finance today announces it has digitised the end-to-end user journey for all finance applications, including loans through the Coronavirus Business Interruption Loan Scheme (CBILS). Following significant investment in technology and a pilot to test it’s capabilities, businesses and brokers now benefit from almost instant decisions on applications up to £250k, ensuring SMEs can […]
The British Business Bank’s Start Up Loans (SUL) programme has announced it has issued its 75,000th loan, marking more than £623m invested in small businesses since its launch in 2012. Start Up Loans saw a significant rise in loans issued since the start of the pandemic in the UK. May to July 2020 saw a […]
Aldermore bank has provided an invoice finance facility to Fluid Science, the water solutions specialist. Founded in 2016 and based in Knowsley near Liverpool, Fluid Science primarily supplies purified, deionised and demineralised water to dental surgeries, pharmaceutical manufacturers and test laboratories. In March 2020, with the onset of the Covid-19 pandemic, Fluid Science wanted to […]
