Articles with tag: cbil

Found 24 results in 182 milliseconds.

OakNorth Bank approves GBP 1.1 bln in new loans

13 Oct 2020 | Payments General

UK-based OakNorth Bank has approved GBP 1.1 billion in new loans to support UK businesses through COVID-19, including over GBP 400 million through the CBILS and the CLBILS. 

OakNorth Bank, loans, UK, United Kingdom, businesses, covid-19, CBILS, CLBILS, lending, economy, Ultimate Finance, The Jade Hotel, Red Oak Taverns, Dewing Properties, Bluegem Capital Partners

The UK Chancelor of the Exchequer extends CBILS

28 Sep 2020 | Payments General

The UK’s Chancelor of the Exchequer has reported intentions to extend the government loan schemes that have been helping SMEs stay afloat throughout the coronavirus pandemic. 

UK, Chancelor of the Exchequer, CBILS, government loan schemes, SMEs, coronavirus, pandemic, financial aid, fintechs, alternative lenders, accredited lenders, banks, CLBILS, Bounce Back Loans, loans, Future Fund, convertible loans, repayment, Pay As You Grow

Ebury and MarketFinance partner to speed up CBILS access

10 Sep 2020 | E-invoicing, SCF & E-procurement

As the Government’s CBILS initiative draws to a close this month, two British fintechs Ebury and MarketFinance have joined forces to ensure SMEs across the UK are able to access the emergency lending.

Ebury, MarketFinance, CBILS, finance, UK, SMEs, invoice finance, trade finance

OakNorth Bank lends GBP 220 mln through CBILS and CLBILS

13 Aug 2020 | Payments General

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 lenders support 1.2 mln businesses amid pandemic

12 Aug 2020 | Payments General

UK-based lenders have provided support to over 1.2 million businesses through government-backed loan schemes, according to HM Treasury statistics. 

UK, United Kingdom, SMEs, lenders, loan, pandemic, government-backed loans, loan schemes, BBLS, CBILS, funding, small businesses, coronavirus, large businesses

UK-based businesses benefit from government-backed loan schemes

10 Aug 2020 | Payments General

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

iwoca secures USD 130 mln in funding round

03 Aug 2020 | Payments General

Alternative lender iwoca has raised USD 130 million from an undisclosed investor. 

iwoca, CBILS, loans, SMEs, lender, banks, partnership

UK Chancellor's announcement highlights SME's viability being shaken

16 Jul 2020 | E-invoicing, SCF & E-procurement

UK’s Chancellor has announced that is expected to allow repayment flexibility to the SMEs that have taken advantage of the Coronavirus Loan Schemes.

SME, UK, Coronavirus Loan Scheme, coronavirus, COVID-19, CBILS, Funding Xchange, loans, banks, RBS Pool E Remedies Fund, BCR, data, open banking, banking

Previse approved for accreditation under the CBILS scheme

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

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

1pm announces that lending under the CBILS is now live

23 Jun 2020 | E-invoicing, SCF & E-procurement

1pm, the independent provider of finance facilities to UK SMEs, through its wholly-owned subsidiary, Onepm Finance, has announced that lending under the Coronavirus Business Interruption Loan Scheme (CBILS) is now live.

1pm, lending, CBILS, payments, finance, invoice finance, loans, businesses

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

11 Jun 2020 | Payments General

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

Starling Bank secures EUR 44 mln in fundings

29 May 2020 | Online & Mobile Banking

Starling Bank, a UK-based challenger bank, has raised an additional EUR 44 million in funding.

UK, challenger banks, banks, Starling, Harry McPike, JTC, Merian Chrysalis Investment Company, SMEs, coronavirus, COVID-19, Coronavirus Business Interruption Loan Scheme, CBILS, Bounce Back Loan Schemes

OakNorth receives GBP 160 mln in government-backed loans

22 May 2020 | Payments General

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

20 May 2020 | Payments General

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

13 May 2020 | Payments General

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

OakNorth Bank approves over GDP 86 mln in loans amid lockdown

13 May 2020 | Payments General

UK-based OakNorth Bank has approved over GDP 50 million in loans, as well as a GDP 36 million allocation through the Coronavirus Business Interruption Loan Scheme (CBILS). 

OakNorth Bank, lockdown, loans, UK, United Kingdom, CBILS, coronavirus business interruption, loan scheme, traditional lender, SME lending market, pandemic, business support

Temenos supports UK banks to accelerate loan applications

13 May 2020 | Online & Mobile Banking

Temenos, a banking software company, has announced that its Temenos Infinity digital omnichannel product is supporting UK-based banks to accelerate loan applications under the government’s Bounce Back Loan Scheme.

Temenos, UK, banks, Bounce Back Loans, COVID-19, coronavirus, banking, software, Temenos Infinity, digital, omnichannel, loans, Coronavirus Business Interruption Loan Scheme, CBILS, SMBs, SMEs, Explainable AI, XAI, AI

New UK bank scheme leads to 100,000 loan applications on first day

06 May 2020 | Payments General

UK-based banks have received around 100,000 applications in a single day after The Bounce Back Loans scheme for small businesses was released.

UK bank scheme, the bounce back loans scheme, small businesses, loan application, Barclays, Lloyds, CBILS, coronavirus

OakNorth Bank completes first fund buy-out deal to FORE Partnership

04 May 2020 | E-invoicing, SCF & E-procurement

UK-based bank, OakNorth has completed its first fund buy-out deal, providing financing to FORE Partnership, a real estate investment company.

OakNorth Bank, FORE Partnership, buy-out deal, investment, Edmond de Rothschild Real Estate Investment Management, UK, CBILS, coronavirus, COVID-19

Barclays profits plunge with 40 percent

30 Apr 2020 | E-invoicing, SCF & E-procurement

UK-based bank Barclays has announced profits plunged 40% in the first quarter of 2020 as the economic impact of coronavirus battered its customers and prevented them repaying their loans.

Barclays, COVID-19, coronavirus, loans, banks, credit card, SMEs, CBIL, capital, UK, Bank of England