Figures announced by the chancellor today show that the banking and finance industry has provided almost £15bn to over 304,000 businesses so far through the three major government-backed lending schemes. Lenders are working hard to provide support under the schemes to businesses of all sizes, with the Bounce Back Loan Scheme (BBLS) targeted at sole […]
Specialist social impact lender, GC Business Finance (GCBF), has provided Senate Training with a CBILS-backed loan through NPIF – BFS & MSIF Microfinance, which is part of the Northern Powerhouse Fund (NPIF), Alsager-based Senate Training was established 20 years ago by husband and wife Paul Keeling and Janet Keeling. The business operates a Global Security […]
Bespoke uniform creator, Jalin Design, has secured a loan of £250k from Santander UK through the Coronavirus Business Interruption Loan Scheme (CBILS) to support the business through the coronavirus pandemic. Created ten years ago by husband and wife Jason Lurie and Lindy Kursten, Jalin Design creates high end uniforms for some of the world’s most […]
A packaging manufacturer based in Haydock, Merseyside has announced that it is working with SME funder Simply to provide 25,000 complimentary face visors to nursing and care facilities in the North West of England as part of the fight against the coronavirus (Covid-19) pandemic. Greater quantities are available to purchase across the UK. Enviropax, which […]
A landscaping firm is able to support its staff and keep essential operations running thanks to a £240,000 loan from Lloyds Bank secured through the Coronavirus Business Interruption Loan Scheme (CBILS). Midlands-based Ulyett Landscapes Limited is responsible for the ground maintenance and landscaping at care homes, schools, public transport locations and at major housebuilding construction […]
Newable, the London-headquartered provider of money, space and advice to SMEs, has launched an emergency “Small Business Resilience” programme in conjunction with JP Morgan. Businesses, particularly SMEs, have been hit hard by the Covid-19 outbreak and many are facing a sudden and dramatic drop in revenue as they struggle to sustain themselves. JP Morgan approached […]
Supplies For Candles, a Mexborough-based distributer of candle and soap making ingredients, has completed the purchase of The Soap Kitchen, a Devon-based market leading supplier of personal care and soap making ingredients. The transaction was supported by alternative lender, ThinCats, who provided a seven-figure funding package. Established in 2012, Supplies For Candles is a leading […]
A new report from FTSE100 financial services group Legal & General and Cebr, the economics consultancy, has revealed that the UK’s Isolation Economy has driven a shift in consumer spending habits equivalent to an annual £12.9bn. This change is largely a result of UK adults’ increased expenditure on four key “at home” categories: groceries, alcohol, […]
The entrepreneur behind a thriving Norwich hair and beauty salon says she is ‘full of optimism’ after being able to safeguard the jobs of her 10-strong team during the coronavirus crisis with the support of a Bounce Bank Loan from Lloyds Bank. Carly Leveridge opened Leveridges Salon at The Norwich Lanes three years ago after […]
Hodge is providing a live 15-minute lending update for brokers on Wednesday 13th May. The Q&A style update will be with Hodge’s head of underwriting, Emma Williamson, and business development director, Emma Graham, and will address the challenges of lending during the Covid-19 pandemic. The aim of the talk is to provide brokers with an […]
