Category: Loans
The total volume of lending reached £71m in October, a £19m rise on September, according to Loans Warehouse.
Suros Capital has launched an alternative short-term lending facility, which is available through intermediaries.
New mortgage lending has reached £530m in the third quarter of 2020, according to The Co-operative Bank.
The total value of the 1,000 loans is estimated at £1bn and close to half of the loans (493) have already been redeemed.
Lenders have predicted that the availability of secured credit will remain unchanged into Q4.
As part of the restructure Scott Thorpe (pictured) will step aside and be replaced by Andy Marsh.
ASK Partners, a specialist real estate funder, has appointed Mark Templeman (pictured) as chief technology officer.
Following the FCA’s recent guidance, however, Trussle has urged borrowers to exercise caution when using this form of financial support.
Between June 2020 and August 2020, the firm saw its number of loans drawn treble compared to the same period the year before.
Prior to the pandemic, 35% of SMEs had intended to sell their business over the next two years.