Articles with tag: british business bank

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Iwoca looks to increase CBILS lending to GBP 200 mln

News | Payments General | 13 Nov 2020

UK-based fintech and participant in the Coronavirus Business Interruption Loan Scheme (CBILS) Iwoca has declared intentions to double the amount it lends through the government-backed loans.

Iwoca, UK, CBILS, lending, fintech, coronavirus, Bank of England, British Business Bank, SME

British Business Bank grows SME support to GBP 8 bln

News | E-invoicing, SCF & E-procurement | 16 Sep 2020

The British Business Bank (BBB) has grown its stock of support to small- and medium-sized enterprises (SMEs) to GBP 8 billion, with most coming through alternative lenders.

British Business Bank, SMEs, lending

OakNorth Bank lends GBP 220 mln through CBILS and CLBILS

News | Payments General | 13 Aug 2020

OakNorth Bank has lent over GBP 220 million through the UK Government’s CBILS and CLBILS business stimulus package, according to AltFi.

OakNorth Bank, CBILS, CLBILS, UK, United Kingdom, business stimulus package, loans, allocation, British Business Bank, pandemic, lockdown, bank, lending

UK-based businesses benefit from government-backed loan schemes

News | Payments General | 10 Aug 2020

The British Business Bank has announced that the regional distribution of loans under the CBILS and the BBLS matches the respective share of UK businesses in each region. 

UK, businesses, government backed loan, loan schemes, British Business Bank, CBILS, BBLS, loans, London, South East, East of England, North West

UK-based alternative lenders' access to BoE's fund scheme blocked by incumbents

News | Payments General | 14 Jul 2020

HM Treasury has told non-bank lenders dishing out government-backed loans that they won’t have access to finance from the Bank of England, according to altfi.com. 

UK, alternative lenders, BoE, Bank of England, incumbents, HM Treasury, non-bank lenders, government-backed loans, British Business Bank, fintech loans, fintech

Previse approved for accreditation under the CBILS scheme

News | E-invoicing, SCF & E-procurement | 24 Jun 2020

Previse, a UK fintech, has been approved for accreditation by the British Business Bank under the CBILS scheme.

CBILS, loans, payments, UK, fintech, British Business Bank, AI, technology, SMEs, InstantFlow Cash Account, invoices

Greensill, Metro Bank, OakNorth, and Secure Trust Bank join CLBILS

News | Payments General | 11 Jun 2020

The British Business Bank has announced new lenders added to its coronavirus lending schemes.

Greensill, Metro Bank, OakNorth, Secure Trust Bank, CLBILS, lenders, British Business Bank, UK, coronavirus, lending scheme, government-backed loans, Growth Lending, inFund, Invocap, NEL Fund Managers, Triple Point, Paragon Bank, CBILS, Bounce Back Loans

OakNorth receives GBP 160 mln in government-backed loans

News | Payments General | 22 May 2020

OakNorth has received a new tranche of cash from the government to lend to companies hit by the coronavirus pandemic.

OakNorth, loans, coronavirus, British Business Bank, economic stimulus package, CBILS, CLBILS, BBL, lenders

UK-based iwoca secures CBILS accreditation

News | Payments General | 20 May 2020

UK-based alternative lender iwoca has received accreditation from the British Business Bank to provide Coronavirus Business Interruption Loan Scheme (CBILS) loans.

iwoca, alternative lender, British Business Bank, CBILS loans, SME, accreditation

MarketFinance, Capital on Tap secure CBILS and Bounce Back Loan approvals

News | Payments General | 13 May 2020

The British Business Bank has approved MarketFinance and Capital on Tap, among other lenders, for accreditation under both the CBILS and BBL schemes.

MarketFinance, Capital on Tap, British Business Bank, CBILS, BBL, Bounce Back Loan, Bank Leumi, Shawbrook Bank, Bank of Ireland UK, Skipton Business Finance, SME, government-backed guarantee, loans, Starling Bank, OakNorth, Funding Circle

The British Business Bank approves new lenders for accreditation under CBILS

News | E-invoicing, SCF & E-procurement | 13 Apr 2020

The British Business Bank has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS) - The Co-operative Bank, Cynergy Bank, OakNorth Bank, and Starling Bank.

British Business Bank, lending, finance, Coronavirus Business Interruption Loan Scheme, CBILS, The Co-operative Bank, Cynergy Bank, OakNorth Bank, Starling Bank, SMEs, loans, deferred revenues, cashflow, overdrafts, invoice finance, asset finance, coronavirus, Covid-19

Funding Options delivers Open Banking data to 20 lenders

News | E-invoicing, SCF & E-procurement | 07 Apr 2020

UK-based business finance marketplace Funding Options has announced it will deliver Open Banking data to around 20 alternative lenders.

Funding Options, Open Banking, data, partnership, lenders, Iwoca, Liberis, SME, banking, transactions, API, partnership, AccountScore, White Oak UK, Newable, Just Cashflow, British Business Bank, UK

Funding Circle eyes British Business Bank partnership

News | E-invoicing, SCF & E-procurement | 13 Jul 2018

Following on from its dividend cut guidance, Funding Circle’s investment trust has announced increasing its leverage to 50% and concentrate on UK lending.

Funding Circle fund, British Business Bank, UK, UK lending, US, loan assets, European Investment Bank, lending

British Business Bank provides 1pm with GBP 35 mln funding line

News | E-invoicing, SCF & E-procurement | 30 Mar 2018

The British Business Bank has provided 1pm Group with a GBP 35 million asset finance facility which will be used  on hard assets through its subsidiary Bradgate Business Finance.

British Business Bank, 1pm Group, funding, Bradgate Business Finance, lending, UK