A recycling business that helps charity shops make the most of their donations has been able to safeguard jobs while UK high streets are in lockdown, with support from Lloyds Bank. West London’s Choice Textile both recycles and sells charity shops’ unsold stock, helping some of the UK’s biggest third sector organisations raise money for […]
Specialist asset-based lender Ultimate Finance is today announcing the appointment of two regional directors to its North West team to support the region through the COVID-19 pandemic and beyond. The company has hired brothers Stuart and John Davies as regional directors who between them have a combined 23 years’ experience in the asset-based lending space […]
With pressure on the government to increase the CBILS guarantee to 100%, one CBILS accredited lender believes this is NOT the solution and there are much better ways to reduce complexity, improve access and increase the speed with which businesses can access the funding they so desperately need. AskIf CEO, Sam Bamert sets out why […]
A third of UK SMEs will be unable to cover their costs by the end of July despite an unprecedented £330bn package of loans and guarantees from the government, according to the latest research from Bibby Financial Services (BFS). The new study of SMEs shows this number rising to more than half should the lockdown […]
Since the start of the coronavirus crisis, it has been clear that it will have a huge economic and fiscal impact. It was right that the government put public safety first by imposing the lockdown – and that it acted swiftly and decisively to support the economy. But both of these actions come at a […]
An accountancy firm in Barnstaple has been able to maintain its day-to-day operations during the coronavirus outbreak and is continuing to support its clients after securing a Coronavirus Business Interruption Loan (CBIL) from Lloyds Bank. LCA Services, which is based just off the High Street in Barnstaple town centre and was established more than thirty […]
Alternative SME credit specialist Caple has helped Direct Valeting Ltd, one of the UK’s leading professional automotive valeting firms, to access a multimillion-pound eight-year unsecured loan. Caple offers access to unsecured lending of up to £5m. Newcastle-based Direct Valeting was founded in 1998 and is one of the largest professional valeting providers to motor dealerships […]
Covering the five weeks 1 March – 4 April 2020 UK Footfall decreased by 44.7% in March, due to the mandatory lockdown. This was, of course, a record decline for the industry that has seen unprecedented challenges during the month. In the three weeks prior to the lockdown (23rd March), UK Footfall saw an average […]
The average SME is waiting 56 days to be paid – almost double what Ombudsman Kate Carnell is seeking big business to commit to – and it is smaller businesses who are most impacted. Independent research conducted by market analysts East & Partners on behalf of national SME funder Scottish Pacific found a huge disparity […]
Shawbrook Bank confirmed a strong financial performance for the year as it published its 2019 annual report and accounts. The UK-focussed specialist lender increased profit before tax by 11% during the period ending 31st December 2019 to £122.4m. The bank experienced a 15% increase in its loan book to £6.8bn, with its property finance and […]
