We have been approved by the British Business Bank as a new accredited lender to provide loans through the Coronavirus Business Interruption Loan Scheme (CBILS). We are currently accepting applications from existing borrowers only.
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...
It is interesting to see that many of the high street banks announce that they plan to lend billions of pounds to support UK SMEs. It reads well as a headline, but does it stack up as a fact?
You can guarantee that when an election is taking place, you’re likely to see a political leader at a local SME. Hard hats, high-vis jackets and eye-protectors are a must for the photo opportunities. Find the local manufacturer or engineering firm and it’s bound to look good in the manifesto.
Durable business models are underpinned by strong demographic drivers. That’s certainly the case with healthcare: individually and collectively, we’re not getting any younger, for a start. This, perhaps uncomfortable fact, supports the growth of care homes for the elderly.