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Viewing posts tagged with “Funding”. View all posts.
ThinCats’ loan book increases tenfold in three years to break through £0.5 billion
We are delighted to announce that the value of our outstanding loan book has surpassed £500 million for the first time. Capital currently deployed by ThinCats to support UK SMEs currently stands at £508 million, up from £306 million in 2020, £186 million in 2019 and £49 million in 2018.
With the UK vaccination programme well under way and global stock markets switching their attention from “stay-at-home” businesses to cyclical stocks most likely to benefit from economic growth, the funding debate moves on from survival funding to recovery funding and how to support businesses in making the most of the growth opportunities that will appear.
Annual Review 2020: Helping the Mid-Sized Thrive
Find out more about how we helped mid-sized businesses in 2020 and our funding outlook for the year ahead.
Improving our SME Lending Experience for Clients with nCino’s Digital Banking Platform
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that leading alternative mid-sized business lender, ThinCats, is expanding its use of the nCino Bank Operating System® across its wider SME lending processes. The extension follows the successful deployment of nCino’s Coronavirus Business Interruption Loan Scheme (CBILS) workflow this summer.
CBILS funding - from survival to growth
How we are seeing increasing numbers of CBILS borrowers seeking funding for longer-term growth purposes rather than immediate survival.
Institutional, alternative and bespoke: no, we’re not a bank
All of our loans are sourced entirely from institutional capital. Which begs the question: are we now not just like a bank, minus the high-street branch network? The answer is an emphatic “no” for a number of reasons...
Record year of lending in 2019
In 2019 we provided over £200 million of funding for mid-sized businesses, almost double 2018's previous record. In total we have now lent more than £580 million to small and mid-sized businesses across the UK.
Weakening currency strengthens case for funding UK hotels
Whilst the antics of Basil and Manuel of Fawlty Towers fame may not have done any favours for the image of British hotels in the 1970s, today’s hotel sector is an increasingly important part of the UK economy.
Funding at the service of professional services
ThinCats works with many professional services businesses (PSB) to help their clients – from restaurants to manufacturers – access the capital they need. But we also work with PSBs that wish to raise finance themselves.
