Shawbrook Bank has launched two new business savings products and enhanced a third as it strengthens its portfolio in a bid to become the specialist bank for UK SMEs. The bank will now offer a ’45 Day Notice Business Account’ and a ‘Two Year Fixed Rate Business Bond’ to provide businesses across the UK with […]
An SME-focused alternative lender has today announced that it will offer all its customers a ‘first line of defence’ against fraud that currently costs SMEs nearly £1.5bn a year. Just Cashflow says it will lead the field with the AI-driven services it is providing which will be free of charge and cutting edge. The software […]
Atelier Capital Partners has launched into the short-term lending and development finance market with finance provided by funds managed by M&G Investments. Atelier Capital Partners, formed last year, is offering a range of short-term and development finance solutions of up to 24 months to professional small and medium-sized developers and property companies. The focus will […]
GC Business Finance has made three new appointments, expanding its team across the North West. Jala Daly has been appointed as business development manager, Raj Dehel takes on the role of senior loan manager for NPIF (Northern Powerhouse Investment Fund) and Glenn Hyde has been appointed as loan manager for Start-up Loans. Jala Daly joins […]
As a funding provider for small to medium sized companies, 365 Business Finance has revealed that pubs and bars are the second biggest client type currently signing up to merchant cash advance products. The London-based lender has witnessed a 60% year-on-year increase in pub and bar owning customers over the last 12 months and expects […]
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 […]
