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Tag: bounce back loan scheme

Capify Survey Reveals that 70% of UK SMEs are Bouncing Back after COVID-19 related Challenges

Over 70% of UK SMEs claim that they’re beginning to bounce back following the COVID-19 outbreak, according to a survey performed by Capify,...

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The rising importance of fintech innovation in the new age

The rise of fintech has opened an array of opportunities for smart cities to develop and thrive. Its importance has actually increased in...

Should the UK’s Loan Guarantee Scheme, a Lifeline to Fintech, Be Extended?

Soon after the UK went into lockdown in March, chancellor Rishi Sunak unveiled his £350bn emergency rescue package for British businesses. This unprecedented intervention...

Tide Update: Bounce Back Loans Remain on Hold Until Direct Funding Is Available From UK Government

UK-based challenger bank Tide recently announced it is continuing to pause Tide Bounce Back Loans until the UK government offers direct funding. The...

SME banking in times of uncertainty (Laura Francis)

How Covid has accelerated the Fintech/Bank collaboration model to become the new normal  In these uncertain times, it is no secret that SMEs are...

British Business Bank appoints interim CEO, accredits 10 more firms

British Business Bank (BBB), the state-owned bank responsible for accrediting lenders to issue coronavirus business loans, has appointed an interim CEO. Catherine Lewis La...

Starling Bank lands £40m from existing backers

Starling Bank has raised an additional £40 million in funding from existing backers, adding to its £60 million raise in February, TechCrunch reports. The...

Over £27 Billion Provided by CBILS, CLBILS and Bounce Back Loans

Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has...

CBILS and Bounce Back Loan Data Dashboard Launched by Rangewell

Rangewell, a business finance firm that assists SMEs in accessing capital, has launched a dashboards tracking the Coronavirus Business Interruption Loan Scheme (CBILS)...

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