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Category: loan

Government-backed COVID loans swell to £65.5bn

November 20, 2020 rholling

The Government has given banks guarantees on £65.48bn of lending to businesses hit by the coronavirus via the Bounce Back…

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Posted in: CBILS, loan, UK Economy

MarketFinance makes senior appointments following £10m grant

November 13, 2020 rholling

MarketFinance has appointed The Rt Hon. Baroness Susan Kramer and entrepreneur Shalini Khemka to the MarketFinance Grant Supervisory Committee. These…

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Posted in: loan

Pandemic sees business loans jump

November 2, 2020 rholling

A report from EY Item Club suggests net borrowing by UK companies is expected to be more than five times…

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Posted in: CBILS, loan, SME news

COVID support almost equal to all bank lending last year

October 20, 2020 rholling

The amount of money UK businesses borrowed through the government’s coronavirus support schemes is almost equal to all bank lending…

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Posted in: CBILS, loan, SME news

Plan for standard guidelines for struggling bounce back loan borrowers

October 7, 2020 rholling

The Treasury is reportedly working with banking trade body UK Finance to develop a standard framework for dealing with bounce…

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Posted in: loan

PGI applications double as lenders pull back from emergency loans

October 6, 2020 rholling

Following reports that many financial institutions have cut access to the state-backed loans, even though the scheme has been extended…

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Posted in: loan

HSBC halts new bounce back loan applications

October 2, 2020 rholling

HSBC has stopped accepting applications for new business bank accounts as it looks to focus on clearing a backlog of…

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Posted in: CBILS, loan

Top UK SMEs have obtained external credit in the past three years

September 30, 2020 rholling

A new study, commissioned by Allica Bank , shows that a high level of engagement and interaction with external institutions…

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Posted in: loan

CBILs application extension

September 25, 2020 rholling

Yesterday the Chancellor of the Exchequer has today extended the government’s three Coronavirus business interruption loan schemes and the Future…

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Posted in: CBILS, loan

UK BUSINESS LENDING STATISTICS

September 23, 2020 rholling

Figures from HM Treasury published today reveal that UK lenders have supported over 1.33 million businesses across the country through…

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Posted in: loan

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