Stadium MK Group, home to MK Dons football team, has secured a seven-figure Coronavirus Business Interruption Loan Scheme (CBILS) facility through Santander UK to meet cashflow issues, retain staff and plan future events as restrictions are lifted. Stadium MK Group was established in 2004 to bring League football to Milton Keynes and was tasked with […]
UTB has been approved for accreditation by the British Business Bank as a lender for the Government backed Coronavirus Business Interruption Loan Scheme (CBILS). UTB CBILS facilities are designed specifically to assist SME house builders, developers and investors whose businesses have been adversely impacted by the Coronavirus pandemic. The Bank will also begin offering CBILS […]
Specialist SME lender Paragon is working with excavator supplier Hitachi Construction Machinery (UK) Ltd (HCM UK) to provide support for UK businesses. The companies are working in conjunction to offer a low finance start-up scheme to assist SMEs with the purchase of Hitachi’s mini excavators. The scheme requires no payments for the first 90 days […]
One in three businesses say customer engagement is the biggest challenge they face during Covid-19, with the finance sector among the hardest hit. Since the outbreak of coronavirus, companies across the globe have had to adapt to new ways of working and the difficulties that come with it. New data from telecommunications provider Esendex reveals […]
A not-for-profit organisation set up to supply Covid-19 personal protective equipment (PPE) to the NHS and UK care homes is gathering pace with the support of Lloyds Bank. UK Mask Force was co-founded in April by William Ralston-Saul who, having worked in China for several years and with friends still there, saw a viable supply […]
With non-essential shops opening on Monday, the latest Opinium-Cebr Business Distress Tracker shows things are already looking up for retailers, as less than a fifth (18%) now see themselves at risk of insolvency. This has fallen from 40% since the last Tracker two weeks ago. There is further positive news as the number of business […]
Today the British Business Bank has announced that it has approved one new lender for accreditation to the Bounce Back Loan Scheme (BBLS), and six new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). Investec will join the other 20 BBLS lenders who have been accredited since the scheme opened last month. […]
Accelerated Payments today announced it has appointed Steve Box as chairman. He takes up his role with immediate effect. Accelerated Payments, launched in 2017, has undergone rapid growth and has quickly become a key player in the invoice finance market in the UK, Ireland, and North America. This momentum has increased in recent months, with […]
F2 Medical Supplies, which imports small-sized medical products from China and Vietnam and supplies them to dental practices in the UK, has secured a finance package from Santander UK and the government’s Coronavirus Business Interruption Loan Scheme (CBILS). The business imports disposable gloves, masks and dental brushes. Following the government’s lockdown guidelines, dental practice orders […]
The new NatWest UK Small Business PMI® survey has identified a clear improvement in the business environment since April, with the downturn in private sector output moderating from the record drop at the peak of the coronavirus disease (Covid-19) outbreak. However, small businesses are more cautious about the year ahead outlook than their peers in […]
