SME lender warns many companies will not survive
A small business lender has claimed that although government loan schemes have saved companies, November’s economic decline shows that many will still collapse. As a result, the more resilient sectors must be prioritised. In November, the UK’s gross domestic product contracted by 2.6 per cent as England entered its second lockdown and many businesses were […]
Government responds to P2P fraud query
The government has officially responded to a question from the opposition about the level of fraud in the peer-to-peer lending sector. In response to a question from Labour’s shadow minister for digital, culture, media and sport, Alex Sobel, John Glen, the economic secretary to the Treasury, said that “the government takes matters of fraud extremely […]
The alternative lenders accredited for CBILS
A number of alternative lenders have been accredited under the coronavirus business interruption loan scheme (CBILS) – including several peer-to-peer lending platforms. As the one-year anniversary of CBILS approaches, it is clear that alternative lenders have played a key role in supporting those small- and medium-sized enterprises (SMEs) hit by the Covid-19 crisis. Here’s a round-up […]
