Tagged: rls

The British Business Bank Says its 3rd Iteration of Recovery Loan Scheme Provides £1 Billion to SMEs

  The British Business Bank says its Recovery Loan Scheme (RLS) has supported £1 billion of finance offers to smaller businesses since its launch in August 2022. Launched in 2014, the British Business Bank is the UK government’s economic development bank. The Recovery Loan Scheme… Read More

Covid Born Recovery Loan Scheme Extended to Aid UK SMEs

Today, the UK government has announced that the Recovery Loan Scheme (RLS), launched in April 2021 to help businesses counter the COVID crippled economy, will be extended for a further two years. Originally set to end last December, during the Autumn Budget the government extended… Read More

UK’s MarketFinance Reveals that 25% of SMEs Report Prices Doubling in Past 6 Months, Some Costs Passed on to Clients

The Christmas buying season is currently underway for many of your company’s business customers, the MarketFinance team notes. UK-based MarketFinance, an established online lender that recently raised £280 million in debt and equity and was approved for flex loans, writes in a blog post that… Read More

UK based MarketFinance Explains How to Support Business Operations with Loans, Invoice Financing

Businesses require cash to grow their operations. That’s something company founders and CEOs know really well – even when business is picking up, the MarketFinance team writes in a blog post. UK-based MarketFinance, which is a leading online lender that recently raised £280 million in… Read More

4.5 Per Cent Unemployment a Good Sign, But UK Businesses Still Need Help

While the recent drop in the United Kingdom’s unemployment rate to 4.5 per cent is reflective of a strengthening economy, there are still vulnerabilities, financial industry representatives believe. Conister director Douglas Grant said while the data suggests a strong and recovering UK workforce, attention needs… Read More

Fintech iwoca Accredited for Recovery Loan Scheme, Firm Also Launches Free Mental Help Sessions for UK Business Owners

European Fintech iwoca confirmed recently that it has been accredited under the UK’s Recovery Loan Scheme (RLS). The iwoca team wrote in a blog post, dated October 5, 2021, that they’ve been accredited by the British Business Bank as a lender under the RLS. This… Read More

MarketFinance Raises £280 Million in Debt and Equity, Approved for Flex Loans

MarketFinance, a top online lender based in the UK, has announced a £280 million debt and equity funding while simultaneously announcing its accreditation under the Recovery Loan Scheme (RLS). MarketFinance was previously approved as a lender under the Coronavirus Business Interruption Loan Scheme (CBILS) having… Read More

Nucleus Commercial Finance Approved to Offer Recovery Loan Scheme

Nucleus Commercial Finance, has received approval to offer the Recover Loan Scheme (RLS), a government program designed to support businesses that have struggled during the COVID health crisis. Nucleas previously offered lending under the Coronavirus Business Interruption Loan Scheme (CBILS), lending £438 million in 2020… Read More

UK’s Invoice Financing Platform MarketFinance Introduces New and Improved Accounts

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, acknowledges that they understand the “stresses” and “frustrations” that small businesses go through on daily basis. Although they cannot fix everything, the company explains that they can provide you the financial “firepower” you… Read More

Funding Circle Receives Recovery Loan Scheme Accreditation

Funding Circle lobby

  Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the U.S. and parts of Europe, recently announced it received accreditation under the British Business Bank’s Recovery Loan Scheme (RLS). Funding Circle reported that RLS loans will be offered alongside the platform’s… Read More

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