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Barclays: Announced the launch of a new cashback scheme | Fintech InShorts: Latest fintech news, analysis by experts

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Barclays: Announced the launch of a new cashback scheme

By Laura M

January 30, 2020

Barclays: Announced the launch of a new cashback scheme

New cashback scheme for term loans to eligible SME borrowers in the UK. Supported by a £450m ENABLE guarantee from the British Business Bank
The British Business Bank’s ENABLE Guarantee programme also helps banks to increase their lending to smaller businesses
One of the key benefits of the ENABLE programme for customers is that Barclays also will offer qualifying SMEs cashback on eligible lending
Through this scheme, £450m made available to enable more SME term lending which meets the eligibility criteria
Today’s funding announcement from Barclays further demonstrates commitment to businesses across the UK who represent the core of economy
This scheme one of the initiatives included in Barclays’ £14bn lending fund in support of UK Small and Medium-sized Enterprises

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