Overall business confidence surged in January, according to the first Lloyds Bank Commercial Banking Business Barometer in 2020. The survey, the first to be taken after the December general election, shows the 13 point increase took business confidence to 23% in January, a 14-month high and rising back towards the long-term average of 25%. This […]
ECI portfolio company Bionic has acquired Think Business Loans, a fintech-driven commercial lending brokerage for UK SMEs. Essex based Think Business Loans assists small to medium enterprises with borrowing money more cheaply and easily through a combination of human expert lending managers and world beating technology Think Business Loans provides a range of commercial funding […]
86% of brokers have described the outlook for their business in 2020 as positive in United Trust Bank’s (UTB) most recent Broker Sentiment Survey. More than three quarters of brokers (77%) also have a positive outlook for the UK economy in 2020 and 65% are positive about the outlook for the UK’s residential property market […]
Lancashire-based Get Work, a service that generates local leads for tradespeople, has received a £100k loan from NPIF – BFS & MSIF Microfinance, a product managed by GC Business Finance & MSIF and part of the Northern Powerhouse Investment Fund (NPIF). This follows the news that the firm has partnered with internet giant Google to […]
Virgin Money UK PLC (“VMUK” or the “Group”) confirms that trading in the three months to 31 December 2019 was in line with the Board’s expectations. David Duffy, chief executive officer: “The Group continues to perform well. In a difficult market, our own performance has remained on track and we continue to make strong progress […]
Simply, the SME funder, today announced that it is continuing to expand in Northern Ireland with the appointment two additional area sales managers – Grainne Williamson (ex Danske Bank, covering Greater Belfast); and Ross Ferguson (ex Evolution Funding, looking after vendor relationships) – both bringing a wealth of relevant and valuable knowledge to the existing […]
Philip King, chief executive of the Chartered Institute of Credit Management (CICM), has been appointed interim small business commissioner (SBC). Mr King will head the independent office of the small business commissioner(SBC) in Birmingham. It was launched in December 2017 to ensure fair payment practices for Britain’s small businesses and support them in resolving their […]
Nucleus Commercial Finance (Nucleus) and Paragon Bank PLC (Paragon) today announce a £25m funding line that will support more SMEs through secured loans and property finance. The new funding line is in addition to the existing £50m in funding that Nucleus has specifically for its property finance product. The new funding will enable Nucleus to […]
El Mexicana, the grab-and-go burrito bar, has agreed a seven-figure funding deal with ThinCats, the leading alternative lender to mid-sized SMEs. The funding will allow the business to acquire new sites and modernise facilities with self-service kiosks. Established in 2011, El Mexicana already has 17 sites across the UK. The aim over the next two […]
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 […]
