Wolters Kluwer develops TSoftPlus Technology for loan forgiveness stage of U.S. Paycheck Protection Program
- 5 years 4 weeks ago
- Covid-19, Lending, Security and Compliance, Risk Management
Wolters Kluwer Compliance Solutions is set to help local lenders and their small business client recipients of Paycheck Protection Program (PPP) funding facilitate online loan forgiveness applications through its TSoftPlus™ PPP Forgiveness Module.
Mortgage Brain’s Lendex Submission System progressing to plan
- 5 years 4 weeks ago
- Lending
The pilot of Lendex, Mortgage Brain’s new multi-lender submission and application gateway, is off to a tremendous start. Coventry Building Society, NatWest and Platform are all available through the Lendex pilot, with a further two lenders expected to be live in the near future. Collectively they represent around 32% of mortgages sold in the UK. Letters of Intent have also been signed by a number of other lenders, including Lloyds Banking Group... more
New lenders accredited to British Business Bank Coronavirus Business Loan Schemes
Today the British Business Bank has announced that it has approved two new lenders for accreditation to offer Covid-19 business loans to small businesses across the UK. Tide will join the other 16 lenders who have been accredited to the Bounce Back Loan Scheme (BBLS), since the scheme opened last week. Alternative finance lender Liberis has also been approved for accreditation by the British Business Bank under the Coronavirus Business... more
Finastra helps banks and credit unions provide critical financial support to small businesses under the PPP
Finastra, one of the world’s largest financial technology solutions providers, announced today that it has helped process more than 86,000 Paycheck Protection Program (PPP) loans to date, supporting community-focused banks and credit unions as they provide critical financial assistance for small businesses impacted by the Covid-19 pandemic. Finastra’s CARES Act
British Business Bank announces new lenders under the bounce back loan scheme for smaller businesses
Today the British Business Bank has announced that it has approved three new lenders for accreditation under the Bounce Bank Loan Scheme. The scheme is intended to target small and micro businesses in all sectors, with loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k.
Ebury to support UK SMEs during Covid-19
Ebury, the global transaction platform, has been approved as an Accredited Lender on the British Business Bank's (BBB) Coronavirus Business Interruption Loan Scheme (CBILS), enabling it to support UK SMEs with government-backed loans through this difficult time. Ebury provides specialist loans to SME companies that trade internationally and, in April, the UK-headquartered fintech was approved for similar schemes by the Dutch, Spanish and Italian... more
British Business Bank Announces Nine New Lenders Under the Coronavirus Business Interruption Loan Scheme
Today the British Business Bank has announced that it has approved nine new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), bringing the total number of CBILS lenders to over 60. New lenders Assetz Capital, Atom bank, Ebury, Fleximize, Investec, Social Investment Business, Tower Leasing, Ultimate Finance and White Oak UK, will be able to provide financial support to smaller businesses across the UK that... more
Atom Bank Continues to Support Businesses Through Coronavirus Business Interruption Loan Scheme (CBILS)
Atom, the UK’s number one rated bank on Trustpilot, has today announced that it has been approved for accreditation as a new lender by the British Business Bank to offer secured loans through the Government-backed Coronavirus Business Interruption Lending Scheme (CBILS). Atom will be offering eligible businesses secured loans from £100,000 up to £5m through the 200+ independent brokers that are registered to work with Atom.
New Bounce Back Loans Scheme Opens For Smallest UK Businesses
- 5 years 1 month ago
- Lending
Following the Chancellor of the Exchequer’s announcement on 27 April, the Bounce Back Loans Scheme opens for applications from today. Delivered by lenders accredited by the British Business Bank for this scheme, Bounce Back Loans target small and micro businesses in all sectors, providing loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k.
Movii and Yabx Offer Credits to MSMEs Amid Covid-19
- 5 years 1 month ago
- Covid-19, Lending, Online Banking
Movii, a leading mobile wallet and a challenger bank in Colombia, and Yabx, a leading technology company in contactless lending have joined hands to provide credit services for MSMEs. Businesses can use this credit service to facilitate their business operations and purchase FMCG stocks.
Ebury authorised to provide SME funding under Italian Government’s Coronavirus guarantee scheme
- 5 years 1 month ago
- Lending
Ebury is the first non-bank financial institution to be granted approval to provide SMEs with loans under the Italian government’s guarantee scheme “Garanzia Italia”*. The scheme, which is available to Italian businesses with less than 5,000 employees and €1.5 billion turnover, provides government guarantees to cover up to 90% of the loan value.
Masthaven launches fees-free remortgage range
- 5 years 1 month ago
- Lending, Banking, Retail Banking
Masthaven Bank has today launched a new fees-free remortgage range on its first charge residential two-year and five-year fixed remortgage products. The specialist bank has released the limited-edition products in response to continued demand for remortgages, particularly for fees-free ranges, during the coronavirus outbreak. Masthaven says the new products are designed to empower brokers to offer their customers greater flexibility around their... more
British Business Bank Announces Four New Lenders Under The Coronavirus Business Interruption Loan Scheme
Today the British Business Bank has announced that it has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), which provides financial support to smaller businesses (SMEs) across the UK that are losing revenue and seeing their cashflow disrupted, as a result of the Covid-19 outbreak. The new CBILS lenders are Allied Irish Bank (GB)/AIB (NI), ThinCats, Paragon Bank and IGF (Independent... more
Fintech Companies, Lendsmart and Griffin Technologies, Partner to Improve SBA PPP Loan Process
- 5 years 1 month ago
- Lending
Lendsmart and Griffin Technologies, two fintech companies building software for banks and credit unions, have partnered to provide their customers a complete end-to-end solution for the Small Business Association’s (SBA) Paycheck Protection Program (PPP).
DivideBuy launches soft search credit check for interest-free purchases
Leading LendTech company, DivideBuy, has launched a unique soft search credit check functionality that lets customers know whether they will be approved for interest-free credit purchases without affecting their credit score. DivideBuy is one of the only companies that can offer this functionality thanks to its unusual position as both the technology developer and money lender.
