News
Kroo Bank and 9Y Capital partner on forward flow arrangement
Under the agreement, Kroo will fund a portion of 9Y’s future bridge and refurbishment loan originations through an ongoing forward flow structure.
Business Finance
Business Finance
Social Investment Scotland secures £3.5m from the British Business Bank to support SMEs
The funding will provide loans from £25,001 to £125,000 for small businesses across Scotland.
Business Finance
Suros Capital helps luxury reseller avoid HMRC late payment penalties
The client, who runs a luxury handbag resale business, had underestimated their tax liability and was unable to arrange conventional finance before the 31st July payment deadline.
Case Studies
Shawbrook backs Lawrence Stephens with bespoke funding package
The facility combines a cashflow loan with a revolving credit facility, giving Lawrence Stephens additional working capital to continue investing in its people, technology and client offering.
Case Studies
Leumi ABL provides Compass Business Finance with £20m facility to support growth
The facility aims to give Compass a flexible revolving funding structure, allowing it to grow its loan book while preserving cash flow as it scales.
News
52% of SMEs do not trust banks for business finance advice – Portman Finance Group
Trust was lower for finance brokers at 43%, challenger banks at 41%, and venture capitalists at 40%.
Business Finance
FLA welcomes £6.5bn uplift to Growth Guarantee Scheme
The Finance & Leasing Association has welcomed British Business Bank measures to support SMEs, including a £6.5bn uplift to the Growth Guarantee Scheme over the next 4 years.
Business Finance
22% of SMEs fear tax bills could force them out of business
Premium Credit research found 22% of SMEs fear they could be forced out of business over problems paying tax bills in the next 5 years, while 39% have missed up to 4 tax bill deadlines in the past 3 years.
Business Finance
Shawbrook provides £11m asset based lending facility to Shawston Group
Shawbrook has provided an £11m asset based lending facility to Shawston Group to refinance existing funding arrangements and support its expansion plans.
News
Allica Bank temporarily scraps arrangement fees on borrowing over £750k
Additionally, Allica has increased the maximum amount it will lend against a property’s value to 77.5% on commercial mortgages of £3m and above.
Business Finance
Skipton Business Finance appoints Simon Millington as Birmingham relationship manager
Skipton Business Finance has appointed Simon Millington as relationship manager for Birmingham, strengthening its Midlands presence as demand for flexible funding solutions grows.
News
United Trust Bank launches deposits proposition for early-stage businesses
The new offering is aimed at companies that have completed, or are preparing for, funding rounds.