The Paycheck Protection Program (PPP) has dealt some difficult lessons, even to the largest Main Street lenders, as financiers struggle to meet demand, seamlessly process applications and mitigate the risk of fraud. But the PPP initiative also presents a major opportunity for smaller banks, credit...
Funding Circle has been given the go-ahead by the British Business Bank to distribute business loans to small- to medium-sized business (SMB) owners hurting because of the coronavirus pandemic, according to a company blog post. Funding Circle said it will only be focused on Coronavirus...
Barclays Corporate Banking is rolling out a unique term loan cashback program to eligible small to medium-sized business (SMB) borrowers in the U.K. in conjunction with a 450 million pound ($584.8 million) ENABLE guarantee from the British Business Bank (BBB), Barclays announced Tuesday (Jan. 28)....
An investment vehicle operated by U.K. alternative finance platform Funding Circle is reportedly turning away from U.S. exposure and doubling down on local investment through new plans with the British Business Bank (BBB), P2P Finance News reports. The company’s SME Income Fund (FCIF) is reportedly set...
July 08, 2024
The British Business Bank, the U.K. government’s economic development bank, has launched a new program designed to support access to finance for smaller U.K. businesses. The Growth Guarantee Scheme, which replaces the Recovery Loan Scheme, is expected to support about 11,000 such businesses through March 31, 2026, the bank said in a Monday (July 8) press release. The […]
January 06, 2017
Funding Circle, the U.K.-based startup company that operates an online lending platform, has received an investment of £40 million from British Business Bank, the state-owned bank, but the money comes...
