Banks lend out £49bn through Covid schemes

The Chancellor has recently announced the extension of CBILS to end January 2021. The scheme that offers business loans, invoice finance, asset finance and business overdrafts is open to businesses that need finance due to Covid-19 affecting their

The Treasury is extending its emergency business loan scheme and will allow firms to “top up” their borrowing as part of new rules meant to keep businesses afloat during England’s second lockdown. UK firms will now

A leading business support organisation has revealed loans worth over £670 million have been given to firms in Coventry and Warwickshire during Covid-19. Figures from the Coventry and Warwickshire Local Enterprise Partnership (CWLEP) Growth Hub highlight

Limchester Properties are set to invest in a new Buy to Let property in the Bristol area thanks to the re-mortgaging of an existing property portfolio. Clive Mcnamara, director at Limchester Properties, reached out to loan

At least 1.4 million UK businesses have borrowed more than £61bn from government-backed lending schemes since March, new HM Treasury figures have shown. According to the latest data, as of 18 October 2020, £17.16bn has been

1pm plc (LON:OPM), the AIM listed independent specialist finance provider, has announced that it has received accreditation from British Business Bank to expand its lending under the UK Government’s Coronavirus Business Interruption Loan Scheme to support

1pm plc (LON:OPM), the AIM listed independent specialist finance provider, has provided the following statement ahead of its Annual General Meeting which is being held at 10.00am today. It also gives notice of the date of

Construction companies have taken on more emergency loans than any other industry, the British Business Bank has revealed. Building firms have taken just over 218,000 loans across the Coronavirus Business Interruption Loan (CBILS) and Bounce Back Loan

New data reveals more than 85,000 loans have been issued to organisations in the East Midlands under emergency funding in response to the Covid-19 outbreak – injecting more than £3.3bn into the region’s economy. Some 81,354 loans

Gross lending in the second quarter reached £34.5bn, 50 per cent more than the annual total in 2019, UK Finance has found. The trade body’s Business Finance Review showed that the majority of this was through

With local lockdowns in various parts of the country, and a difficult winter ahead, businesses will need all the help they can get to keep going. Rishi Sunak’s most recent Winter Plan came up with some