A phone recycling comparison business is set for further growth after buying its Maidstone headquarters with the support of Lloyds Bank. Kent-based Compare and Recycle has bought Sterling House on Ashford Road, where its team has been based for the last six years, thanks to a funding package from its longstanding banking partner. It now […]
HM Treasury figures published today reveal that over 1.23 million businesses in the UK have now been supported by lenders through government-backed coronavirus lending schemes. 17 million small and micro businesses have accessed a loan through the Bounce Back Loan Scheme (BBLS) to help support them through the pandemic. Over 60,400 businesses impacted by Covid-19 […]
Funding Xchange, the leading SME finance technology platform has been awarded £5m by BCR as part of the Pool E allocation of the RBS Remedies fund. Funding Xchange was founded in 2014 to transform the SME lending market with the core aims of making SME finance more accessible, affordable, and sustainable. The technology at the […]
Boe House, the owner of Baby Box Shop, has received a £160,000 loan from Rosebud Finance, Lancashire County Council’s investment vehicle delivered by GC Business Finance, to help it create jobs and increase export sales following support from Lancashire’s Access to Finance team. During 2016, husband and wife, Owen and Kim Burrows, began to design […]
Bustling Belfast restaurants, Chubby Cherub and AMPM, have secured £150k and £190k respectively through the Coronavirus Business Interruption Loan Scheme (CBILS) package from Santander UK. The funding will be used to help manage ongoing cashflow issues, which were compounded due to lost revenues during Covid-induced closures. AMPM Belfast is an established restaurant, cabaret club and […]
The Chartered Insurance Institute is launching a campaign designed to raise awareness among consumers of what they can expect from companies that achieve Chartered status. Chartered status is a symbol of technical competence and signifies a public commitment to professional standards. Between August and the end of October, advertorials will appear in Chamber of Commerce […]
Aspen Bridging took just five days to move a £193,450, 73% loan-to-value auction purchase application from illustration to completion, ensuring the first-time commercial investors saved their £26,500 deposit. The property, a three bedroom detached house in Hall Green, Birmingham was secured at £265,000 with the brothers, making their initial foray into property investment, planning light […]
Four in five (80%) UK SMEs are confident they will recover from Covid, according to research from digital bank Starling and the Great British Entrepreneur Awards (GBEA). The survey of more than 300 UK SMEs across a range of sectors also found that two thirds (68%) of the business owners questioned believe they will return […]
Derbyshire-based short-term commercial finance company, Bridge Help has swelled its ranks further with the appointment of David Fielding. David joins the business as an underwriter bringing nearly 30 years’ experience in the banking sector to his new role. He began his career in banking as a clerk before moving to a customer adviser role and […]
North East housebuilder Cussins is set to more than double its turnover by 2023 after securing a new £10m funding package from banking partner Lloyds Bank. The family-run firm, headquartered in Alnwick, constructs houses and apartments across the North East, specialising in mid-market three, four and five-bedroom detached properties. The support package – an increase […]
