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Category: Loans

mortgage approvals

The initiative provides small businesses with 100% government-backed loans of up to £50,000, to help cope with the financial impact of COVID-19. 

accredited

Onepm expects to commence lending through CBILS this month, once it has completed staff training and has received the required legal and operational approvals.

cars

Match Me Car Finance has appointed Loans Warehouse to provide an online personal loan comparison platform to customers searching for car finance. 

cracks in government support

PFS has welcomed new government support measures, including the Bounce Back Loans and Self-Employment Income Support Scheme.

hmrc

The SEISS claims service will open on 13 May, with payments set to reach successful applicants by 25 May, or six working days after the claim is made. 

Rishi Sunak CBILS Bounce Back Loans

Small businesses will be able to apply for loans of up to £50,000 from today, with payouts expected within days. 

All four of the new hires will be involved in both the structuring and management of credit risk. 

credit conditions

Freedom Finance has partnered with AccountScore to develop the product. 

cbils loans

More than £1.33bn in loans was approved in the week from 21 April to 28 April 2020 alone.

business interruption UK CBILS

In the UK, the CBILS approval rate is 46%, well below the 98% approved by the equivalent scheme in Germany.