Category: Funding

Major banks add crowdfunder to alternative lender panel

Finance, Funding

Seedrs has been invited to join NatWest and Royal Bank of Scotland’s (RBS) select panel of alternative funding solutions. The crowdfunder has become an equity funding partner in the banks’ Capital Connections programme. The panel allows NatWest and RBS relationship managers to offer UK business and commercial customers an...

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Branchless SME bank granted licence

Finance, Funding

A new branchless digital bank for SMEs has secured its banking licence from the Bank of England ahead of a planned launch in early 2018. CivilisedBank will serve businesses through services such as loans, overdrafts and foreign exchange, using a network of local representatives with access to the latest...

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Business borrowing from banks drops £600m

Finance, Funding

Bank borrowing by non-financial companies fell by almost £600m in April, according to new figures from the British Bankers’ Association (BBA). The decline was largely driven by a £699m drop in net borrowing by public admin and defence companies, as well as a £463m fall in lending to wholesale...

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New commercial property lender launches in Ireland

Finance, Funding, Investment

Timbercreek Asset Management has created an Irish commercial property lending business. The Canadian property investment firm has made €200m (approximately £172m) available to support property investment projects across Ireland. Timbercreek’s Irish team will be led by Paul Roddy (pictured above) and will target loan sizes from €1m to €50m...

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Aldermore launches contract finance product

Finance, Funding

Aldermore has announced the launch of a new contract finance offering. The new service will enable SMEs with an annual turnover above £250,000 to release working capital by advancing funds against their contractual billing. “We have launched our contract finance offering at a time when a growing number of...

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Housebuilder acquires southern developer

Finance, Funding, Property

Housebuilder Galliford Try has announced that its partnerships business has completed the acquisition of a leading developer in the South of England. Southampton-based Drew Smith Group – which comprises Drew Smith Limited and Drew Smith Homes – specialises in mixed-tenure developments, land promotion and planning services. The acquisition comes...

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