Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_1166876998
May 13 2020

MarketFinance gains CBILS accreditation

Marc Shoffman Industry News, News, Top 3 Assetz Capital, British Business Bank, Funding Circle, Keith Morgan, MarketFinance

MarketFinance has become the latest alternative lender to be approved under the coronavirus business interruption loans scheme (CBILS).

It joins Funding Circle and Assetz Capital, with more than 60 banks and non-bank lenders now participating in the scheme.

The British Business Bank also announced that Bank of Ireland UK and Skipton Finance have been added to the 14 lenders offering bounce back loans (BBL).

All lenders accredited under CBILS have also been invited to become accredited to offer BBL loans.

Read more: Industry gives the Bounce Back Loan scheme a wary welcome

The BBB said it is working at pace to accredit those lenders who want to provide lending under the scheme to further extend its reach and provide more choice for smaller businesses.

“Accredited lenders have continued to see an incredible demand for the Covid-19 business loan schemes,” Keith Morgan, chief executive of the BBB, said.

“Since launch, we have grown the total number of accredited lenders to the schemes by more than 50 percent to provide even greater coverage and choice for smaller businesses.

“The announcement of a further six new lenders means they will be able to deploy vital funding and get additional finance flowing to smaller businesses across the UK as quickly as possible.”

 MarketFinance also last month repurposed its invoice finance technology to allow small- and medium-sized enterprises (SMEs) to access finance to pay wages, while applying for the government’s coronavirus job retention scheme (CJRS).

State-backed schemes deliver more than £14bn to SMEs Funding Circle to expand into bounce back loans

Related Posts

money UK

Industry News, News, Top 3

P2P lenders ‘shouldn’t expect’ investor boost from collapsed platforms

Modern way of exchange. Bitcoin is convenient payment in global economy market. Virtual digital currency and financial investment trade concept. Abstract cryptocurrency with gold bitcoin background..

Cryptocurrency, Industry News, News, Top 3

Goldman Sachs: Institutional crypto interest on the rise

Mike Horton head shot Colour

Industry News, News, Top 3

Quantuma hires former Assetz Capital recoveries manager

Popular posts:

  • Chancellor unveils recovery loan scheme
  • Budget outlines plans for £15bn of green bonds in 2021
  • Government to launch replacement future fund scheme
  • BBB sets out further details on recovery loan scheme
  • Zopa exec “very excited” about embedded finance for lenders
  • Treasury launches £100m Taxpayer Protection Taskforce
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by