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24th September 2020

MarketFinance awarded £10m grant to bring choice and competition in supporting more businesses

Fintech business lender MarketFinance has been awarded a £10m grant from the Capability and Innovation Fund (CIF), announced by Banking Competition Remedies Ltd (BCR). The grant will be used to bring more choice and competition to the business lending industry

MarketFinance, a household name in the UK business community, has provided over £3b in invoice finance and business loans to thousands of UK businesses since 2011. They were accredited to lend under the Coronavirus Business Interruption Loan Scheme (CBILS), providing term loans from £50,001 to £150,000 and revolving credit facilities from £50,001 to £5 million to UK SMEs.

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