Bibby Financial Services (BFS) has launched a £300m pandemic recovery fund to support SMEs as lockdown restrictions are lifted over the coming months.
The complete facility comprised of an invoice discounting line, a plant and machinery revolver and a CBILS term loan.
The lender announced that it turned profitable in February 2021 and will continue to grow at pace as the business scales its products and operations.
Optimum Finance has appointed ex-Microsoft global director Gordon McIntosh as CTO, furthering its specialism in the FinTech space.
As Arcadia Group heads towards administration, Nimbla has estimated that around £250m of invoices owed to suppliers will go unpaid.
MarketFinance recently added business loans and revolving credit facilities to its product suite.
The appointment will increase MAFs agriculture and construction exposure.
The mobile-first product has been designed to help SMEs minimise their exposure to credit risk by providing real-time data-led insights.
Organisations across the country up to £20bn out of pocket as they pay the first round of wages to the eight million employees furloughed so far.
He will be responsible for driving business expansion to support the UK SME sectors with their finance needs.