PPS, formerly PrePay Solutions, and subsidiary of Edenred, the everyday companion for people at work, has today been approved to become an issuer and processor of Visa. Through the partnership, PPS will be able to offer its customers, including fintech providers and challenger banks, full access to Visa’s products, including issuing Visa branded cards. Incorporating […]
Zephyr Homeloans, the specialist buy-to-let lender owned by Computershare, has significantly reduced a range of its interest coverage ratios (ICR). For houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFB) and flats above commercial property (FAC), Zephyr has reduced its ICR from 155% down to 135% for limited companies and to 150% for individuals. Zephyr […]
Newable Business Finance (NBF) has announced the launch of two new lending products designed to support businesses working at the heart of the UK economy. NBF will now offer secured loans of between £26,000 – £150,000 and Cashflow loans of up to £25,000. They join NBF’s successful unsecured loan product for between £26,000 – £150,000 […]
Barclays Corporate Banking has today announced the launch of a new cashback scheme for term loans to eligible SME borrowers in the UK. Supported by a £450m ENABLE Guarantee from the British Business Bank, this scheme is the largest of its kind to launch in the UK. The British Business Bank’s ENABLE Guarantee programme helps […]
Shawbrook Bank has launched two new business savings products and enhanced a third as it strengthens its portfolio in a bid to become the specialist bank for UK SMEs. The bank will now offer a ’45 Day Notice Business Account’ and a ‘Two Year Fixed Rate Business Bond’ to provide businesses across the UK with […]
An SME-focused alternative lender has today announced that it will offer all its customers a ‘first line of defence’ against fraud that currently costs SMEs nearly £1.5bn a year. Just Cashflow says it will lead the field with the AI-driven services it is providing which will be free of charge and cutting edge. The software […]
NatWest has launched the UK’s first intelligent cash management solution for businesses, in partnership with G4S. Intelligent Safe is an innovative and secure cash solution that enables businesses to benefit from same day automated account crediting of its cash transactions, without having to deposit that day’s takings in their local branch. Businesses using Intelligent Safe […]
Linked Finance, Ireland’s leading peer-to-peer (P2P) lending platform, has launched a five-year unsecured business loan for Irish SMEs. This new loan of up to €300,000 is unique in the Irish market, meeting the needs of companies with more complex funding requirements and providing an attractive alternative to asset financing when companies are looking to invest […]
Countingup, the UK’s number one small business banking and accounting app, has launched a web based version of its popular banking and accounting app for accountants, complete with profit and loss reports. Accountants can access, review and advise on their clients’ bank data as well as interpret how their clients are performing using Countingup’s web-based […]
A survey of 500 small business owners across the UK not only confirms the all-consuming nature of running a small business but has uncovered the differences between men and women in their ability to switch off from work. The survey by Purbeck Insurance Services, the provider of Personal Guarantee Insurance to small business owners across […]
