A Devon-based accountancy firm has been able to help small businesses across the South West that are unable to continue working during the coronavirus outbreak, thanks to Lloyds Bank, after securing a Coronavirus Business Interruption Loan (CBIL). The majority of Exeter-based Marlow and Co’s 450 customers are sole traders and small limited companies, meaning a […]
Know the Origin sells ethically sourced clothing for men and women, as well as environmentally conscious living products such as bamboo toothbrushes to help people live plastic free. The business was founded two years ago by Charlotte Instone after she discovered that 93% of fashion houses are unaware of where their fabrics come from. Charlotte […]
Tregenna Castle Resort, in St Ives Cornwall has secured a £1m loan from Lloyds Bank to help secure the business’ future after the hotel, self-catering, leisure and events venue was forced to shut amid the COVID-19 lockdown. The coastal resort secured the finance in preparation for a significant drop in revenue, with quarantine restrictions falling […]
Since the beginning of March relationship managers have been working tirelessly, talking to tens of thousands of business customers to understand how COVID-19 is impacting them and to provide support where it is needed. As part of the Group’s commitment to lend £18bn this year, a £2bn fund was allocated for businesses impacted by COVID-19 […]
Gener8 Finance, the invoice finance provider to small businesses across the UK, has supported a fabrication and welding firm with an additional cash flow funding facility. Stortford Sheet Metal is using the uplifted £200,000 invoice finance funding to manufacture medical boxes for the Nightingale NHS Hospital in London, in a bid to help support the […]
An East Ayrshire car and van rental business is supporting key workers that rely on its services during the coronavirus crisis, thanks to new financial support from Bank of Scotland. Compass Self Drive in Kilmarnock is a family business that operates with a fleet of 80 vehicles available to rent to both commercial and private […]
A Highland recycling firm is continuing to supply essential services to the NHS with the support of Bank of Scotland. Northern Recycling Solutions, based in Alness, provides a critical service to a range of businesses in the north of Scotland, including NHS sites around the Inverness area. Launched by Ewan Calder and his sister Katie […]
Specialist social impact lender, GC Business Finance, has provided one of the first Northern Powerhouse Investment Fund (NPIF) and Coronavirus Business Interruption Loan Scheme (CBILS) loans in the North West to Consensus Workspace, with approval taking only 24 hours from full application. GC Business Finance (GCBF), which is currently one of only 40+ accredited lenders […]
Pluto Finance has closed a £13m development exit bridge loan for Signia in Wembley, London HA9. The facility provides a development exit loan to allow time for the experienced developer to sell the available residential units and provides an equity release to fund new acquisitions. The completed mixed-use scheme is located at the bottom of […]
Manchester-based student accommodation marketplace Housemates has secured £100,000 of pre-seed funding from GC Angels to support with plans to expand its platform across the UK and internationally. Founded by entrepreneur Lydia Jones in 2019, Housemates is a mobile platform that automates the process of onboarding students into accommodation. The end to end marketplace removes the […]
