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Alternative Finance blog

Over £13bn Provided to Businesses Through CBILS

Over £13bn Provided to Businesses Through CBILS

Posted 4 months ago


Over £13bn has been provided through the Coronavirus Business Interruption Loan scheme so far, according to the latest figures from the Treasury.  Nearly 59,000 small and medium-sized bu..

Tagged: sme business raising finance entrepreneur cbils news alternative finance


More Lenders Approved For Larger Coronavirus Loan Scheme

More Lenders Approved For Larger Coronavirus Loan Scheme

Posted 4 months ago


As the UK continues to grapple with the economic impact of the coronavirus crisis, the British Business Bank has approved three more lenders to deliver the Coronavirus Large Business Interruption Lo..

Tagged: sme entrepreneur coronavirus cbils clbils news alternative finance equity crowdfunding


What Does The CBILS Change Mean For You?

What Does The CBILS Change Mean For You?

Posted 4 months ago


A change in the lending rules governing the Coronavirus Business Interruption Loan Scheme could mean that small businesses previously refused a loan are now able to secure access to vital funding.&n..

Tagged: sme alternative finance raising funds equity crowdfunding cbils news coronavirus entrepreneur


What Rates Are Alternative Lenders Offering for CBILS?

What Rates Are Alternative Lenders Offering for CBILS?

Posted 4 months ago


So far over 100 firms have been accredited to provide the Coronavirus Business Interruption Loan to businesses struggling to mitigate the economic impact of Covid-19.  Among the alternative le..

Tagged: sme p2p equity crowdfunding alternative finance cbils news


More Lenders Approved For Coronavirus Loan Schemes, But Not One Is P2P

More Lenders Approved For Coronavirus Loan Schemes, But Not One Is P2P

Posted 5 months ago


The British Business Bank has accredited several lenders for government-backed emergency loan schemes aimed at supporting businesses through Covid-19 but not one is a peer-to-peer lending platform. ..

Tagged: news coronavirus cbils bbls P2P alternative finance


Nearly Half of Small Businesses Unable To Repay Government Loans

Nearly Half of Small Businesses Unable To Repay Government Loans

Posted 5 months ago


Forty-three percent of businesses that have taken out either Bounce Back Loans or Coronavirus Business Interruption Loans say that they will be unable to repay the loan, according to the Business Ba..

Tagged: coronavirus cbils bbls sme finance loan entrepreneur


What To Do If You've Been Refused A CBILS Loan

What To Do If You've Been Refused A CBILS Loan

Posted 6 months ago


To combat the economic effects of the Covid-19 pandemic, the government unveiled an unprecedented support package to help businesses survive these difficult times. The headline component was the Cor..

Tagged: Coronavirus CBILS Loans Business Finance


How Many EFG Loans Have Been Approved So Far?

How Many EFG Loans Have Been Approved So Far?

Posted 6 months ago


The EFG, Enterprise Finance Guarantee, is a scheme that facilitates lending to small businesses that are viable but unable to obtain finance from their lender due to having insufficient security to ..

Tagged: Enterprise Borrow Business CBILS Banks


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


What Government Schemes Are Currently Open To P2P Lenders?

What Government Schemes Are Currently Open To P2P Lenders?

Posted 6 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


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


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


P2P Platform Assetz Capital Is Approved for CBILS

P2P Platform Assetz Capital Is Approved for CBILS

Posted 7 months ago


The peer-to-peer (P2P) property platform Assetz Capital has become the second of its kind to be accredited by the British Business Banks to issue loans under the Coronavirus Business Interruption Lo..

Tagged: News Assetz Capital CBILS


Are You Eligible For A Bounce Back Loan?

Are You Eligible For A Bounce Back Loan?

Posted 7 months ago


Small businesses will now be able to apply for the government’s Bounce Back Loan Scheme in which they can borrow between £2,000 and £50,000 with funds arriving within days. Thousa..

Tagged: Covid-19 Loan CBILS


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


How To Mitigate The Impact of Covid-19 Through Payment Holidays

How To Mitigate The Impact of Covid-19 Through Payment Holidays

Posted 7 months ago


Loan payment holidays are the most common mitigation measure being used by small businesses to help sustain cash flow during the pandemic, a new survey has found. Research from Purbeck Insurance Se..

Tagged: News Loans CBILS


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


Four More Lenders Approved Under CBILS. But Again, Not One Is A P2P Lender

Four More Lenders Approved Under CBILS. But Again, Not One Is A P2P Lender

Posted 7 months ago


Author: Sacha Bright & Oliver Murphy The British Business Bank has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).  The lend..

Tagged: News CBILS P2P lending Money & Co


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


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


It's Time The Government Recognised The Benefits of Allowing Fintechs To Provide CBILS

It's Time The Government Recognised The Benefits of Allowing Fintechs To Provide CBILS

Posted 7 months ago


Author: Sacha Bright & Oliver Murphy  With less than 6,022 loans under CBILS approved last week, NextFin is one of many voices calling on the government to urgently approve fintechs to g..

Tagged: News P2P CBILS


Government Announces £1.25bn Package to Support Start-Ups

Government Announces £1.25bn Package to Support Start-Ups

Posted 7 months ago


Author: Sacha Bright & Oliver Murphy The government has announced £1.25bn worth of funds to help support start-ups that are not eligible for the current coronavirus economic relief sche..

Tagged: News EIS SEIS CBILS


Funding Circle Accredited By British Business Bank And Are Now Offering Coronavirus Business Interruption Loans (CBILS)

Funding Circle Accredited By British Business Bank And Are Now Offering Coronavirus Business Interruption Loans (CBILS)

Posted 8 months ago


Author: Sacha Bright & Oliver Murphy Funding Circle can now offer CBILS after becoming the first marketplace lender (P2P) platform to be approved for accreditation by the British Business Ban..

Tagged: News P2P CBILS Funding Circle


Up To A Million Small Businesses Face Going Under As Many Continue Struggling To Access CBILS

Up To A Million Small Businesses Face Going Under As Many Continue Struggling To Access CBILS

Posted 8 months ago


Author: Sacha Bright & Oliver Murphy According to a Corporate Finance Network Report, 800,000 to 1 million small UK businesses cannot access CBILS. The Network, which is working with 13,000 b..

Tagged: News CBILS


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