Atom bank, the UK’s first app-only bank, has seen overwhelming interest for its CBILS-backed secured loans, helping the bank reach its 2020-2021 lending targets one month ahead of plan.
To date, Durham-based Atom have issued 1,251 quotes for their secured CBILS loans using their Quick Quote tool, resulting in over 700 applications with a value of well over £500mn, which includes £150mn received in the past week.