Pressure intensifies on Rishi Sunak to offer 100% government-backed loans as part of the coronavirus bailout scheme or thousands of SMEs will fail.
Read more →
Just 2,022 loans, totalling only £290M, have been made to the UK’s SMEs through the government’s coronavirus business loans scheme. That’s less than 1% approval rate, shocking.
Read more →
Cashplus, one of Britain’s longest-established digital challenger banks, plans to lend £400m to small businesses over five years.
Read more →
4 Oceans Capital has teamed up with Capital on Tap to offer our growing network of small businesses fast access to additional working capital as and when they need it most.
Read more →
A year since the launch of its first venture debt fund for UK technology firms, Barclays has announced it is extending the fund to £200 million. Barclays has seen huge take up from businesses and since launching in May last year has provided £100million in earlier stage financing support to nearly 40 companies. It is the first of the big four banks to offer high growth businesses and their founders debt funding solutions at this early stage. The fund is designed to provide access to debt finance; commonly available in
Read more →
The government is often talking about how it wants to help small business: the good news is there are some very real and practical ways it is offering its support to SMEs. The demands of being a small business can be enormous. You will often find yourself involved with all aspects of your venture – to the most minute detail. This can be exciting whilst at the same time very demanding. No one said it would be easy to build up a business from scratch. After all you have so
Read more →
A massive £6.6billion of new business loans will be offered to small and medium-sized businesses by Royal Bank of Scotland and NatWest. The banks will be contacting 23,000 small and medium-sized business customers in a move that comes ahead of a new inquiry by MPs into bank lending to firms. Ian Cowie, chief executive of business and commercial banking for NatWest and RBS, said: ‘We are proactively speaking to customers to let them know how much we could lend if they want to invest.’ If you are an existing customer
Read more →
