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British Business Bank: Announces nine new lenders | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

British Business Bank: Announces nine new lenders

By Laura M

May 6, 2020

British Business Bank: Announces nine new lenders

British Business Bank is the UK government’s economic development bank. Established in November 2014
Announced that it has also approved nine new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme
Able to provide financial support to smaller businesses across the UK that are losing revenue and seeing their cashflow disrupted
The addition of these alternative finance lenders also brings the total number of CBILS lenders to over 60
Since the CBILS launch the Bank has announced 22 new delivery partners to join the original 41 lenders
The scheme enables lenders to provide facilities of up to £5m to smaller businesses across the UK experiencing lost or deferred revenues

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