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UAE launches supply chain finance program worth USD 1.6 bln

News | E-invoicing, SCF & E-procurement | 18 Jan 2021

Abu Dhabi Department of Finance has launched a supply chain financing initiative worth USD 1.6 billion to increase liquidity for small and medium-sized enterprises (SMEs).

Abu Dhabi, SCF, trade finance, SMEs, finances, COVID-19, First Abu Dhabi Bank, guarantee

UK government provides financial help to businesses after Brexit

News | E-invoicing, SCF & E-procurement | 08 Dec 2020

The UK government has announced that it will offer extra financial help to businesses to help them cover their costs after Brexit.

UK, government, trade finance, SCF, Brexit, trade, loans, EU, UKEF, guarantee, lenders, banks

EIB Group and Commerzbank join forces to support SMEs during the COVID-19 crisis

News | E-invoicing, SCF & E-procurement | 02 Oct 2020

Commerzbank has been backed up by the EIB Group to lend up to EUR 500 million to small and mid-sized businesses in Germany in response to COVID-19.

 

Commerzbank, Germany, COVID-19, EFSI, guarantee, Investment Plan for Europe, EIB, EIF, SMEs

Starling lends GDP 90 mln in Bounce Back Loans to SMEs

News | Payments General | 13 May 2020

UK-based digital bank Starling has offered over GDP 90 mln to SMEs in Bounce Back Loans (BBL), with a total of GDP 120 mln committed.

Starling Bank, UK, BBL, Bounce Back Loans, SME, guarantee, loans, digital bank, coronavirus, Coronavirus Support Scheme, Connected Cards, interest holiday, arranged overdrafts, spare card