Lender Profile: Ultimate Finance
This week, Funding Bay have a conversation with the lender Ultimate Finance. Since its launch in 2002, the lender has lent over £10 bn in funding. They have specifically funded more than £1.5bn to SMEs across the UK throughout 2020, £35m of this was via CBILS. These figures have catapulted them into the spotlight as one of […]
Alternative Finance lenders and what they think for 2021
In 2020, we were faced with unprecedented circumstances when COVID-19 first appeared on our shores. However, now with nearly a year of the pandemic under the national belt, we have had time to react and assemble preparation. As a result, 2021 offers hope for SME financing. With the very popular and successful CBILS scheme due […]
Can I get a second CBILS loan? And other FAQS.
Can I get a second CBILS loan? And other FAQS. The Coronavirus Business Interruption Loan Scheme (CBILS) is a scheme that was set up by the UK government to provide support for SMEs during the coronavirus pandemic. CBILS offers a number of different business financing options –with the government on a war footing with the […]
Lender Profile: Nucleus Commercial Finance
This week, Funding Bay are putting the spotlight focus on lender Nucleus Commercial Finance. Funding Bay work closely with Nucleus who have been a top player in the alternative finance market for a while now. They were founded in 2011, with the mission to provide UK SMEs with alternative funding options and have already lent over […]
Financial strategies for small businesses in 2021
2020 was a year of uncertainty, confusion, and change; changes to our way of life, changes to how we live and changes in how we run our businesses. SMEs are the backbone of any healthy economy; they drive growth, provide employment opportunities, and open new markets. In the UK they account for three-fifths of the […]
