As small businesses continue to apply for fewer loans through high street banks, alternative lenders are having their moment. That’s because the British Business Bank (BBB) has now extended their existing partnership with alternative loans platform Funding Circle and has committed up to £150 million in new lending for UK small businesses. The transaction is made
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Raising money on Funding Circle: A small business guide
by Ben Lobel • • 0 Comments
Funding Circle connects businesses with investors looking to lend to British companies, enabling a business loan potentially in a matter of days. The platform only does business lending, and offers a quick application process, dedicated account manager and a fast decision at the end of the process. Companies can apply any time online, and Funding Circle
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Peer to peer lending: A small business guide
by Ben Lobel • • 0 Comments
Sometimes referred to as crowd lending, peer to peer lending offers businesses the opportunity to borrow money from a ‘crowd’ of people (investors) rather than an institution. It works by offering people a platform where they can lend their money to businesses (and also individuals, but we will deal with business peer to peer lending here) in
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British Business Bank expands partnership with Funding Circle
by Owen Gough • • 0 Comments
British Business Bank Investments Ltd, the commercial arm of the government-owned British Business Bank, will today begin lending a further £40 million to UK small businesses through the direct lending platform, Funding Circle. The news follows the success of the programme to date, where more than 10,000 businesses across the country have benefitted from £60
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