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The new facility is part of a wider transaction which will provide around £0.7bn of funding to smaller businesses across the UK Monday 2 December 2024 The British Business Bank has announced an increase to its ENABLE Funding commitment to

Simply Asset Finance (Simply), the specialist business lending provider, has announced that it has been accredited by the British Business Bank to lend to new and existing customers under the Growth Guarantee Scheme (GGS), the new iteration of

Initial injection will enable Simply Asset Finance to increase its lending to UK businesses by 30%.  Facility will also enable the business to increase its originations by c.£100m in the first year.  Bank of America has agreed a new

2023 sees the company reach revenues of £52.3 million, increasing its loan book to £480 million Loan origination to date climbs to £1.3 billion, as it supports over 7,400 SMEs across the UK Named in the FT1000’s list

The team has worked with over 800 customers in the last year to deliver £7 million in advances and over 100 deals  Expansion of its presence has provided tailored support to customers and broker partners across the North

Almost a third (32%) of UK SMEs have no Net-Zero plan in place, despite the Government’s target to meet Net Zero by 2050.  While Net Zero is a priority for over half of SMEs (54%), other financial pressures

64% of UK SMEs want more resources and support to be made available to support them and their businesses  Almost half of SMEs (48%) admit that they don’t know where to look to find support for their business 

Rising operational costs a top concern for 79% of UK SMEs   The profile of funding they have accumulated over the past years is no longer fit for purpose with 86% saying they would like to restructure   This