British Business Bank approves 11 new lenders

Six new lenders have been approved by the British Business Bank for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), three under the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and two for the Bounce Back Loan scheme (BBLS). Chirag Shah, CEO at Nucleus Commercial Finance, remarked: “It’s essential right now that businesses get the finance they need when they need it most, which is why I’m proud that Nucleus Commercial Finance is supporting SMEs through the Coronavirus Business Interruption Loan Scheme.”

Louis Mathers, co-founder and director at Folk2Folk, added: “Throughout the pandemic, we have continued to lend to businesses and play a vital role in helping to keep the economy moving. Our approval for accreditation by the British Business Bank is the next step, broadening out what we can offer businesses and placing Folk2Folk on the financial frontline of support for SMEs.”

Read more: Bridging and Commercial

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