Trade credit insurance, which provides essential cover to hundreds of thousands of business-to-business transactions, will receive up to £10bn of government guarantees, ministers announced today. The Trade Credit Reinsurance scheme, which has been agreed following extensive discussions with the insurance sector, will see the vast majority of trade credit insurance coverage maintained across the UK. […]
Mastercard (MA) today introduces www.ShopOpenings.com, a new online search tool that confirms which shops and businesses are open for customers to visit as the nation gradually reopens over the coming weeks, in line with Government guidance. Built in partnership with Sixth Sense, this new search site is free to use and offers people a latest […]
Independent research that is conducted twice a year (since 2014) by market analysts East & Partners on behalf of national SME funder Scottish Pacific. On ScotPac’s behalf, East & Partners and polls a representative sample of Australian SMEs with $1-20m revenue, who use all types of methods to fund their businesses (ie it is not […]
Covid-19 continued to dominate the attention of brokers, with ‘Covid-19: Temporary Maximum LTV Restrictions’ featuring prominently across four of the seven categories recorded by Knowledge Bank’s criteria tracker in May. This echoes results in the previous month and reflects the ongoing limits placed on LTVs by many lenders in the wake of the coronavirus outbreak. […]
A West Midlands manufacturer of equipment used for medical procedures in hospitals around the world, has ramped up the production of specialised procedure packs and devices for treating UK Covid-19 patients, with the support of an extended working capital facility from Lloyds Bank. Kimal has focused 100% of one of its manufacturing facilities and a […]
Assetz Capital has launched a new fundraising round with Seedrs for £500k minimum (target £1m) and plans to secure matched funding from the government’s new Future Fund to support its next phase of growth. The peer-to-peer marketplace lender, which was accredited as a lender under the government’s Coronavirus Business Interruption Loan Scheme (CBILS) in May […]
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 […]
Bridging lender Hope Capital today launches a new product which gives borrowers control and flexibility of their cashflow. The Discounted Rate loan is designed to help borrowers achieve the balance between affordability, optimal loan amount on day one, cashflow and Loan to Value. Interest is set at a lower rate for the first six months, […]
With restrictions on some non-essential businesses lifting, and further changes due to come into effect on 15th June, new research from Intuit QuickBooks suggests SMEs are looking towards recovery following the impact of the pandemic. Almost three in five (57%) small and medium-sized enterprises (SMEs) feel confident about business activity in the next month – […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender, has launched its new suite of buy-to-let mortgage products offering up to 75% loan-to-value (LTV). Zephyr has expanded its range of fixed-rate BTL mortgages for standard properties, residential properties, houses in multiple occupancy (HMOs), multi-unit blocks (MUBs), new-build properties and flats above commercial properties, all priced at different […]
