An Edinburgh garden centre and tearoom is brightening up lockdown for its customers by offering a delivery service during the Coronavirus crisis, thanks to CBILS support from Bank of Scotland. New Hopetoun Gardens in Broxburn was forced to close its doors to the public and furlough 28 of its 36 staff following the government’s announcement […]
Tens of thousands of SME business owners stand to benefit from the chancellor’s likely extension of the Self-Employment Income Support Scheme (SEISS). The new provision will allow owners of Limited companies, many of whom are effectively ‘self-employed’, but choose to run their business through a Limited company and pay themselves a mix of salary and […]
Alternative lenders should be included alongside the pillar banks as channels for the expansion of the government’s lending support for SMEs that is urgently needed, according to Linked Finance, Ireland’s leading peer-to-peer (P2P) lending platform. The company says that it is vital to ensure funding is deployed rapidly, and that this will be helped by […]
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 […]
Van insurance premiums reached a record £1,881 last month, the latest analysis from insurance market experts Consumer Intelligence shows. Its Van Insurance Index shows that average premiums for new customers were at the end of March, up by 2% compared with 12 months ago. Prices for young drivers fell by 9.9% in the past 12 […]
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 […]
Banco Santander announced today the completion of its purchase of a c.50.1% stake in Ebury, one of the best international payment, FX and international cash management platforms for SMEs, after obtaining all regulatory approvals from the required authorities. This transaction was announced in November 2019 and is part of the bank’s digital strategy, providing SMEs […]
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 […]
