Spectrum Cleaning Solutions is targeting revenues of £5m as it diversifies into the online space following a £100,000 CBILS-backed loan from NPIF – BEF & FFE Microfinance, which is part of the Northern Powerhouse Investment Fund. The Scarborough-based company is traditionally a B2B cleaning and hygiene product distributor. The family-run business has supplied cleaning products […]
Gener8 Finance, the invoice finance provider to small businesses across the UK, have supported a fashion and textile manufacturer with a £400,000 cashflow finance facility as they use the funds to manufacture essential personal protective equipment (PPE) for the NHS. In a bid to support frontline staff as they battle against the covid-19 health crisis […]
The banking and finance sector has provided over £4.1BN to SMEs so far through the Coronavirus Business Interruption Loan (CBIL) scheme, UK Finance reveals today, as part of a broad package of support to help businesses through these tough times. Over £1.33bn of loans have been approved in the week from 21 April to 28 […]
A local independent pub group has secured a £250,000 loan through the Coronavirus Business Interruption Loan Scheme (CBILS) from Lloyds Bank to help it to support its staff and suppliers during the COVID-19 lockdown. Regency Corporation runs a number of local pubs along the Sussex Coast, including the Crown & Anchor in Shoreham. The business […]
Specialist social impact lender, GC Business Finance (GCBF) has provided a £35,000 Northern Powerhouse Investment Fund (NPIF) loan using CBILS backing to recruitment agency Fresh Perspective Resourcing following a referral from Lancashire’s Access to Finance Team. Lancashire-based Fresh Perspective was founded by sisters Emily and Laura with the aim to have a ‘fresh perspective’ on […]
Simply, the SME lender, has helped Swanage Taxis Ltd, operating as Linkrider Coaches, restructure its finance agreements to ensure that it can weather the current COVID-19 storm and continue trading. Linkrider Coaches is a family-run firm that provides student and private coach hire services to the whole of Dorset and the south coast. Established 35 […]
A South Staffordshire-based wine producer and retailer has been able to expand its production and has diversified its operations during the coronavirus shutdown, after securing support from Lloyds Bank. The Halfpenny Green Wine Estate faced difficulties on both the agricultural and retail sides of its business due to the COVID-19 outbreak. Alongside adjusting to the […]
An SME civil engineering firm that has worked on projects at St Paul’s Cathedral and The Oval cricket ground has safeguarded jobs amid widespread construction site closures after receiving a time critical loan from Lloyds Bank. Foran Construction, which offers groundwork services for commercial and civil engineering projects across the South East, is based in […]
Aspen Bridging has completed a £225k residential bridging loan in just 10 days, using its desktop valuations system to circumnavigate the current surveying shutdown prompted by Covid-19. The loan, which was finalised at a 0.84%pm flat rate over 10 months, was secured by an experienced property developer on a penthouse in Birmingham city centre to […]
The owner of a vehicle rescue and recovery firm says the business he built up from a single truck to a fleet of 75 was facing the end of the road when the coronavirus outbreak hit, but its future is now secure thanks to support from Lloyds Bank. Bud Rescue & Recovery provides a 24-hour […]
