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Tag: coronavirus business interruption loan scheme

Europe’s mid-sized businesses mostly weathered COVID-19 storm

Although the final restrictions of the COVID-19 pandemic have almost been lifted, its effect continues to mark the UK SME landscape.

The post Europe’s mid-sized businesses mostly weathered COVID-19 storm appeared first on LendIt Fintech News.

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European Fintech iwoca Reveals that 1 in 3 Brokers Now See Growing Demand for Unsecured Finance

The iwoca SME Expert Index reveals that 1 in 3 brokers “see rising demand for unsecured finance.” As noted in an update shared with...

British Business Bank Posts Data on COVID Relief Loans: £79.3 Billion Distributed

The British Business Bank has published final data on the COVID relief programs that saw £79.3 billion in government-backed loans distributed to 1.67...

White Oak Facilitates £400 Million Under Corona Loan scheme to UK small businesses

London-based digital lender White Oak has facilitated loans worth £400 million to SMEs impacted by the pandemic under the Coronavirus Business Interruption Loan...

Funding Circle Receives Recovery Loan Scheme Accreditation

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the U.S. and parts of Europe, recently announced it received...

UK’s Digital Banking Unicorn Starling May Acquire Another Lender, CEO Anne Boden Reveals During UK Fintech Week

UK-based digital banking challenger Starling‘s CEO Anne Boden has revealed that the Fintech Unicorn is now well-positioned to acquire another lender. Boden also...

UK Extends Coronavirus Support Programs for Businesses

In a statement today, the UK Chancellor of the Exchequer Rishi Sunak announced an extension of Coronavirus programs that support impacted businesses. The...

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...

Banks must deploy AI with urgency to save SMEs amid COVID-19

Government-led funding programmes are a vital pillar of support amid the current coronavirus (COVID-19) crisis. However, their effectiveness relies heavily on the ability...

Fintech Previse Approved to Use CBILS Loans for Late Payments

UK Fintech Previse has been approved for accreditation by the British Business Bank under the CBILS scheme, according to a note from the...

COVID-19: will fintechs crash, survive or get bought?

The fintech industry is no stranger to a crisis. The financial crash in 2008 gave rise to fintech darlings such as Funding Circle,...

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...

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