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17th August 2018

CrowdProperty promises more projects for investors

CROWDPROPERTY has promised a pipeline of new loans to fund for the rest of the year as it approaches its fourth anniversary.

17th August 2018

The Greater Manchester Loan Fund invests £500,000 in LOFT

The Greater Manchester Loan Fund, managed by Maven Capital Partners, has completed its 32nd deal investing £500,000 in Manchester-based LOFT Interiors a leading supplier in furniture solutions for the broad residential property sector. Funding will be used to support the continued development of LOFT’s operations, product, and team, to facilitate growth opportunities in existing and new markets. With over 80 staff already operating from LOFT’s offices in Manchester and London, the investment is expected to create eight new jobs in the region.

15th August 2018

County Finance Group made accredited partner for EFG programme

The British Business Bank has announced that it has accredited Lutterworth-based County Finance Group for the Asset Finance variant of the Bank’s EFG programme. This will enable County Finance Group to offer additional asset finance to smaller business looking to acquire equipment or machinery to boost their growth.

10th August 2018

Zopa secures £44m in fundraising as IPO rumours continue

ZOPA has raised £44m in the first stage of a new fundraising round, in the latest sign that the peer-to-peer lender is preparing to go public.

6th August 2018

Foresight extends debt funding line into Reward Finance Group

 

Funds managed by Foresight Group LLP have provided an additional £10 million extension to bolster the original £40 million secured loan note facility which was agreed in September 2017 for Reward Finance Finance Group Limited.

 

1st August 2018

P2PFA response to FCA proposals for P2P lending sector

The Financial Conduct Authority has  published the next stage of the post-implementation review of peer-to-peer lending regulation.

 

1st August 2018

Esme Loans partners with Pollen Street Capital to expand SME offering

 

Esme Loans, the digital lending platform for SMEs and scale up businesses, today announced that it has entered into a partnership with Pollen Street Capital, a London-based private equity and credit manager, further enhancing Esme’s ability to serve UK SMEs.

26th July 2018

MEIF investment supports OnLogistics' aerospace expansion

Tamworth-headquartered logistics firm OnLogistics is set to expand a number of its divisions, after receiving £350k from the Midlands Engine Investment Fund (MEIF).

24th July 2018

P2P industry must look outside of London

PEER-TO-PEER lenders must extend their reach to businesses beyond London as the UK’s regions continue to be underserved by finance, according to the UK’s first small business commissioner.

24th July 2018

City of London Group teams up with CODE Investing to support UK SMEs

City of London Group, the parent company of a group focused on providing finance to the SME sector and home reversion plans in the UK residential property market, and CODE Investing, the institutional marketplace for SME debt, have announced a strategic collaboration to support the growth of UK small businesses. COLG will aim to complete £50 million in UK small business loans over the next four years originated through CODE Investing.

19th July 2018

Wistia raises $17 million to buyout investors

Wistia, a video software provider for small and medium-sized businesses, has raised $17.3m in debt to pay back its angel investors, allowing it to remain true to its founders’ principles of being creatively-driven, long-lasting and independent.  “The decision was one of the most important in Wistia's history,” said Chris Savage (pictured), Chief Executive Officer and Co-founder, Wistia. “Our goal was to realign everyone involved in Wistia on the same vision.”

17th July 2018

Economic Intelligence Wales to address gap in Welsh SME finance data

Economy Secretary Ken Skates has launched a new research unit tasked with addressing the gap in Welsh SME finance data.

Economic Intelligence Wales, a new collaboration between the Development Bank of Wales, Cardiff Business School and the Office for National Statistics, was formally launched by the Economy Secretary at an event held at the Royal Mint in Llantrisant at the end of last month.

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