Ebury and MarketFinance partner to speed up CBILS access ahead of September deadline
Sep10

Ebury and MarketFinance partner to speed up CBILS access ahead of September deadline

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 quickly access the emergency lending. MarketFinance will offer both its CBILS loans and revolving credit facilities to Ebury’s UK SME base to support them with their business finance needs. The CBILS initiative will conclude at the end of September 2020 with...

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Fintech MarketFinance banks cash for CBILS demand
Sep07

Fintech MarketFinance banks cash for CBILS demand

Fintech business lender MarketFinance has secured an additional £50m from one of Israel’s largest asset managers, Viola Credit, to lend to UK SMEs under the HM Treasury and British Business Bank CBILS initiative. The announcement comes as MarketFinance launches a “unified application” process in which SMEs will, through one application, be presented with a variety of finance options and be able to select those best suited to their...

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MarketFinance opens CBILS lending for SMES
Jun05

MarketFinance opens CBILS lending for SMES

Fintech business lender MarketFinance has been given the green light by the British Business Bank to operationally start lending business loans and invoice finance as a lender under the government-backed Coronavirus Business Interruption Loan Scheme (CBILS). CBILS is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the COVID-19 outbreak. It is intended that these finance facilities will...

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Fintech MarketFinance approved as CBILS lender to support UK businesses
May13

Fintech MarketFinance approved as CBILS lender to support UK businesses

Fintech business lender MarketFinance has today been accredited by the British Business Bank as a lender under the government-backed Coronavirus Business Interruption Loan Scheme (CBILS). The Coronavirus Business Interruption Loan Scheme is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the COVID-19 outbreak. The scheme enables lenders to provide facilities of up to £5m to smaller...

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SMEs: 69% facing cash flow strains from coronavirus
Mar11

SMEs: 69% facing cash flow strains from coronavirus

Over two-thirds of UK SMEs (69%) have reported significant pressures on their cash levels according to latest insights from business lender MarketFinance. This is in large part down to businesses paying for supplies earlier than anticipated because of coronavirus-related stockpiling and fears of deeper disruptions to transport (road, air and rail) linkages. Additionally, on orders and work that has been completed, payments are being...

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