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Alternative Finance blog

How To Apply For A Coronavirus Large Business Interruption Loan

How To Apply For A Coronavirus Large Business Interruption Loan

Posted 6 months ago


Introduced as part of a package of support schemes brought in by the government, the Coronavirus Large Business Interruption Loan Scheme (CLBILS) is designed to provide funding for businesses with a..

Tagged: CBILS CLBILS Covid-19 Loans


The Future Fund Guide For Investors And Entrepreneurs

The Future Fund Guide For Investors And Entrepreneurs

Posted 6 months ago


In addition to the government’s already extensive package of support for small businesses, the Future Fund opened for applications on Wednesday 20th May 2020. The £500m fund, of which t..

Tagged: Future Fund Government Covid-19 Investors Entrepreneurs Investment


Should I Invest In A Start-up During The Covid-19 Pandemic?

Should I Invest In A Start-up During The Covid-19 Pandemic?

Posted 6 months ago


When the spread of coronavirus was declared a pandemic by the World Health Organization (WHO), there was naturally a slowdown in funding news. Overall, funding rounds were down 22% in March, accordi..

Tagged: Start-up Investment Covid-19


Over £22bn Worth Of Coronavirus Loans Approved

Over £22bn Worth Of Coronavirus Loans Approved

Posted 6 months ago


To date (21st May, 2020), emergency government support schemes have channelled over £22bn in total to 505,043 businesses, new data has revealed. This is an increase from £14bn to 300,00..

Tagged: News CBILS Bounce Back Loan Covid-19


Fintechs Could Lose £1bn Worth Of Investment As A Result Of Covid-19

Fintechs Could Lose £1bn Worth Of Investment As A Result Of Covid-19

Posted 7 months ago


Research from TechUK and Qadre has revealed that 68 percent of Fintech founders have reported missing out on crucial funding rounds as a result of coronavirus. The report ‘Making Fintech work ..

Tagged: News Fintech Covid-19


What Government Schemes Are Currently Open To P2P Lenders?

What Government Schemes Are Currently Open To P2P Lenders?

Posted 7 months ago


It's been almost three months since the Chancellor unveiled the Coronavirus Business Interruption Loan Scheme (CBILS) - the first of a range of schemes designed to support small businesses strugglin..

Tagged: News CBILS Covid-19 Funding Circle Assetz Capital Market Finance P2P


P2P Platform Market Finance Is Approved For CBILS

P2P Platform Market Finance Is Approved For CBILS

Posted 7 months ago


MarketFinance has become the latest alternative lender to be approved under the Coronavirus Business Interruption Loan Scheme (CBILS). The CBILS is designed to support businesses that are losing re..

Tagged: News P2P Market Finance CBILS Covid-19


When Does The Coronavirus Furlough Scheme End?

When Does The Coronavirus Furlough Scheme End?

Posted 7 months ago


The Chancellor Rishi Sunak has extended the Job Retention Scheme until October 2020. There are currently 6.3 million people having up to 80% of their salaries paid by the government under the furlo..

Tagged: News Covid-19


Over 50% Of CBILS Applications Approved

Over 50% Of CBILS Applications Approved

Posted 7 months ago


According to UK Finance data, over 50 percent of applications for the Coronavirus Business Interruption Loan Scheme (CBILS) have now been approved by lenders. The scheme provides financial support ..

Tagged: News Covid-19 CBILS


Government Could Expand Future Fund To Include EIS Tax Relief

Government Could Expand Future Fund To Include EIS Tax Relief

Posted 7 months ago


It is being reported that the government’s support package for startups could be amended to incentivise private investors to invest in small businesses alongside the government with the prospe..

Tagged: News EIS SEIS Future Fund Covid-19


How Well Is CBILS Performing?

How Well Is CBILS Performing?

Posted 7 months ago


Since its launch on 27th March, the Coronavirus Business Interruption Loan Scheme has been amended a number of times to account for a number of businesses that fell through the net. With the scheme..

Tagged: News Covid-19 Small Business CBILS


What Fintechs Are Currently Offering Government Loans?

What Fintechs Are Currently Offering Government Loans?

Posted 7 months ago


At present, just over £4.1bn worth of CBILS has been handed out to over 25,000 businesses, with over 65+ lenders accredited under the scheme. But as NextFin has reported, Fintechs are often be..

Tagged: Fintech CBILS Covid-19 Loans


Small Businesses Could Miss Out On Bounce-Back Loans

Small Businesses Could Miss Out On Bounce-Back Loans

Posted 7 months ago


With only eight banking groups having been authorised to handle applications for the government’s new 100% bounce-back loan scheme, there are now fears that many small businesses could fail to..

Tagged: News Bounce Back Loan Suren Thiru Covid-19


Government Will Postpone Business Rates Revaluation

Government Will Postpone Business Rates Revaluation

Posted 7 months ago


A revaluation of business rates will no longer take place in 2021 to help reduce uncertainty for firms affected by the impacts of coronavirus, Communities Secretary Rt Hon Robert Jenrick MP has anno..

Tagged: News Business Rates Covid-19


Everything You Need To Know When Applying For the Coronavirus Bounce Back Loan Scheme (BBLS)

Everything You Need To Know When Applying For the Coronavirus Bounce Back Loan Scheme (BBLS)

Posted 7 months ago


Earlier this week the government announced that the Coronavirus Bounce Back Loan Scheme (BBLS) had opened for applications. In light of the immense struggle of some businesses to access CBILS, NextF..

Tagged: News Bounce Back Loan Covid-19


Over 100,000 Firms Apply For Loans Under Bounce Bank Scheme

Over 100,000 Firms Apply For Loans Under Bounce Bank Scheme

Posted 7 months ago


It has been reported that more than 100,000 of Britain’s micro businesses have applied for the government’s Bounce Back Loan Scheme on its first day. Offering the smallest companies loa..

Tagged: News Bounce Back Loan Small Business Covid-19


NextFin Interviews Sunil Shah, The 2019 Business Angel of The Year

NextFin Interviews Sunil Shah, The 2019 Business Angel of The Year

Posted 7 months ago


What makes the perfect pitch? What do investors look for in a business? These are questions that will cross the minds of any entrepreneur, and ones that, if approached properly can make the differen..

Tagged: News Angel Investor EIS Covid-19 Sunil Shah


Are you self-employed? Here’s What The Government Is Doing For You

Are you self-employed? Here’s What The Government Is Doing For You

Posted 7 months ago


It feels like an age has passed since the Chancellor unveiled his first scheme to assist those who were self-employed and struggling to deal with the economic shock of Covid-19. Since the 27 March, ..

Tagged: Self-employed Covid-19


CBILS approvals by banks remain below 50%

CBILS approvals by banks remain below 50%

Posted 7 months ago


Banks continue to approve fewer than half of applications for the Coronavirus Business Interruption Loan Scheme (CBILS), as total lending reached more than £4.1bn under the scheme this week. ..

Tagged: News CBILS Covid-19 Funding Circle Assetz Capital Folk2Folk P2P


Covid-19 Loans Provide Just 2% Of Cash Needed To Cover Unpaid Bills - CBILS Needs Expanding

Covid-19 Loans Provide Just 2% Of Cash Needed To Cover Unpaid Bills - CBILS Needs Expanding

Posted 7 months ago


It has been revealed that the £2.8bn worth of funding set aside for the Coronavirus Business Interruption Loan Scheme (CBILS) accounts for only 2% of the £218.8bn currently due to SMEs i..

Tagged: News CBILS Covid-19


NextFin Has Updated Its Website - Here's What's New

NextFin Has Updated Its Website - Here's What's New

Posted 7 months ago


At NextFin, we’re constantly reviewing the latest equity crowdfunding data to provide entrepreneurs and investors with the best experience and to give them the best chance at securing finance ..

Tagged: CBILS Grants Equity Crowdfunding P2P Covid-19


Government Introduces 100% Backed Loans For Small Businesses

Government Introduces 100% Backed Loans For Small Businesses

Posted 7 months ago


Author: Sacha Bright & Oliver Murphy Small businesses struggling to mitigate the economic impacts of Covid-19 will now be able to apply for a 100 percent government-backed loan between £..

Tagged: News Covid-19 Small Business


Government Considering 100% Guarantee on Coronavirus Loans

Government Considering 100% Guarantee on Coronavirus Loans

Posted 7 months ago


Author: Sacha Bright & Oliver Murphy Chancellor Rishi Sunak is considering whether to offer 100 percent guarantees on loans to Britain’s smallest businesses, after coming under sustaine..

Tagged: News CBILS Covid-19


Less than half of CBILS applications have been approved

Less than half of CBILS applications have been approved

Posted 7 months ago


Author: Sacha Bright & Oliver Murphy Less than half of loan applications under the Coronavirus Business Interruption Scheme (CBILS) have been approved so far, according to figures. Data from..

Tagged: News Covid-19 CBILS


More Than £6bn Of Coronavirus Grants Given To Businesses

More Than £6bn Of Coronavirus Grants Given To Businesses

Posted 7 months ago


Author: Sacha Bright & Oliver Murphy Small- and medium-sized businesses have received £6.1 of the £12bn worth of emergency grants made available by the government to enable them t..

Tagged: News Covid-19 Grants


What Grants Are On Offer For Small Businesses Seeking Funding?

What Grants Are On Offer For Small Businesses Seeking Funding?

Posted 7 months ago


Author: Sacha Bright & Oliver Murphy Securing grants for your business or start-up is a challenge - but there is help available. To help you make the best choice, NextFin has compiled a list ..

Tagged: News Covid-19 SEIS Grants


How Offering CBILS Through IFISAs Can Help Small Businesses Impacted By Covid-19

How Offering CBILS Through IFISAs Can Help Small Businesses Impacted By Covid-19

Posted 7 months ago


Author: Sacha Bright & Oliver Murphy Already, NextFin has suggested a number of ways the government can utilise innovative schemes to protect those businesses most at risk from the economic i..

Tagged: News IFISA CBILS Money & Co P2P Covid-19


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