New lenders accredited to British Business Bank coronavirus business loan schemes
Jul01

New lenders accredited to British Business Bank coronavirus business loan schemes

Today the British Business Bank has announced that it has approved six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), three new lenders for accreditation under the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and two new lenders for accreditation to the Bounce Back Loan Scheme (BBLS). New CBILS lenders 365 Business Finance, FOLK2FOLK, Handelsbanken, LendingCrowd, Maxxia,...

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Equity investment in smaller UK tech businesses increased 27% to £4.0bn last year
Jun25

Equity investment in smaller UK tech businesses increased 27% to £4.0bn last year

Equity investment in the UK’s tech businesses increased by 27% in 2019 to £4.0bn, the highest amount since the series began in 2011, reveals the British Business Bank’s annual Small Business Equity Tracker report, published today. The UK’s thriving tech sector remains highly attractive to equity investors, accounting for 47% of total equity investment in UK SMEs through 691 deals in 2019. Within tech, the sectors receiving the largest...

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Future Fund publishes diversity data of companies receiving convertible loan agreements
Jun23

Future Fund publishes diversity data of companies receiving convertible loan agreements

Today the British Business Bank publishes Future Fund data that gives a detailed picture of the 252 companies that have been approved for £236.2m worth of Convertible Loan Agreements since the scheme was launched on 20 May. There have been 623 applications in total in the first month of operation. Government has said it will keep the size of the scheme under review and consider increasing it if needed. This data shows where companies...

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New lenders accredited to British Business Bank coronavirus business loan schemes
Jun17

New lenders accredited to British Business Bank coronavirus business loan schemes

Today the British Business Bank has announced that it has approved one new lender for accreditation to the Bounce Back Loan Scheme (BBLS), and six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). Investec will join the other 20 BBLS lenders who have been accredited since the scheme opened last month. New CBILS lenders 4Syte, Asset Finance Partners, JCB Finance, Merchant Money, Sonovate and...

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New Lenders Accredited to British Business Bank Coronavirus Business Loan Schemes
Jun10

New Lenders Accredited to British Business Bank Coronavirus Business Loan Schemes

Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme (BBLS), five new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS) and four new lenders under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Paragon Bank will join the other 19 BBLS lenders who have been accredited since the scheme opened last month....

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Business Bank accredits Metro Bank to the Bounce Back Loan Scheme
May29

Business Bank accredits Metro Bank to the Bounce Back Loan Scheme

Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme for small business across the UK. The scheme is intended to target small and micro businesses in all sectors[1], with loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k. Metro Bank will join the other 17 lenders accredited to the Bounce Back Loan Scheme (BBLS) in providing...

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New lenders accredited to British Business Bank Coronavirus business loan schemes
May18

New lenders accredited to British Business Bank Coronavirus business loan schemes

Today the British Business Bank has announced that it has approved two new lenders for accreditation to offer COVID-19 business loans to small businesses across the UK. Tide will join the other 16 lenders who have been accredited to the Bounce Back Loan Scheme (BBLS), since the scheme opened last week. Alternative finance lender Liberis has also been approved for accreditation by the British Business Bank under the Coronavirus...

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British Business Bank announces new lenders under the bounce back loan scheme for smaller businesses
May13

British Business Bank announces new lenders under the bounce back loan scheme for smaller businesses

Bank of Ireland UK and Skipton Business Finance to join 14 existing Bounce Back Loan Scheme accredited lenders Shawbrook Bank, MarketFinance, Bank Leumi and Capital on Tap to join 60+ existing CBILS accredited lenders  Today the British Business Bank has announced that it has approved two new lenders for accreditation under the Bounce Bank Loan Scheme. The scheme is intended to target small and micro businesses in all sectors[1], with...

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British Business Bank announces new lenders under the bounce back loan scheme for smaller businesses
May07

British Business Bank announces new lenders under the bounce back loan scheme for smaller businesses

Allied Irish Bank (GB)/AIB (NI), The Co-operative Bank and Starling Bank to join existing Bounce Back Loan Scheme accredited lenders Onboarding of new lenders continues at pace Today the British Business Bank has announced that it has approved three new lenders for accreditation under the Bounce Bank Loan Scheme. The scheme is intended to target small and micro businesses in all sectors[1], with loans from £2k up to 25% of the...

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1PM ACCREDITED UNDER THE CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME (CBILS)
May05

1PM ACCREDITED UNDER THE CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME (CBILS)

1pm plc, the AIM listed independent specialist provider of finance facilities to UK SMEs, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan and asset finance variants. The British Business Bank has approved 1pm Finance (UK) Ltd, a wholly-owned subsidiary of 1pm plc, which trades as Onepm Finance (“Onepm”), to be an accredited participating...

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Funding Circle accredited under the Coronavirus Business Interruption Loan Scheme (“CBILS”)
Apr17

Funding Circle accredited under the Coronavirus Business Interruption Loan Scheme (“CBILS”)

Funding Circle, the small business loans platform, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan variant. Funding Circle expects to open CBILS applications within the next week once it has completed the required legal and operational approvals with the Bank. Keith Morgan, CEO, British Business Bank, said: “Our accredited lenders have...

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British business bank announces new lenders under the Coronavirus Business Interruption Loan Scheme
Apr11

British business bank announces new lenders under the Coronavirus Business Interruption Loan Scheme

Today the British Business Bank has announced that it 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. Following their approval, each lender will be putting in place the operations required to start lending under the scheme and will confirm shortly the dates from which they will be ready to start...

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