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Commercial Credit News
Alternative finance provider plans £50m investment
Thursday, 26 October 2017
Growth Street, an alternative finance provider for UK SMEs, plans to inject £50 million into growing Midlands businesses over the next 12 months. 
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Britain’s newest business bank is banking on Warrington
Wednesday, 25 October 2017
Redwood Bank Warrington officially launched its local office in the heart of the town this week. The new bank, which launched in August, aims to offer a real alternative for small and medium sized organisations in and around Warrington, with the new office spearheading the banks’ lending in the town and its heartland region of the North West.
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Jaywing launches new commercial scoring product, Echelon
Tuesday, 24 October 2017
Risk and data science specialist Jaywing, has launched Echelon, a new risk technology product for commercial lenders that enables firms to process commercial credit risk applications faster and with greater consistency, while gathering and storing data to enable a cycle of continuous improvement.
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Lloyds Bank launches £500m growth fund for businesses
Tuesday, 24 October 2017
Lloyds Bank Commercial Banking has launched a £500 million growth fund to help British businesses improve productivity through investment in technology and equipment.   
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Art supplies manufacturer with global reach agrees £1m funding deal with Bibby Financial Services
Monday, 23 October 2017
Based in Haywards Heath, West Sussex, art supplies manufacturer Chameleon Art Products has received a £1m funding line from specialist SME financer, Bibby Financial Services (BFS), as the company looks to grow its already global business. 
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Close Brothers Motor Finance relaunches website
Monday, 23 October 2017
Close Brothers Motor Finance has relaunched its website, with the intention of improving the user journey for dealers and customers.  
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RateSetter and Experian team up to help businesses invest and grow
Friday, 20 October 2017
Peer to peer lender RateSetter and global information services company Experian are today announcing a new partnership which aims to help RateSetter make good credit decisions as it grows its commercial finance operation.
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FSB on First Minister’s economy speech
Friday, 20 October 2017
First Minister Nicola Sturgeon has today delivered a speech outlining her ambitions for Scotland’s economy. 
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Reward Finance continues expansion in North West with key appointments in Manchester
Thursday, 19 October 2017
Alternative funding provider, Reward Finance, is continuing its expansion in the North West having appointed two well-known and experienced finance professionals to its Manchester office.  
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Major HS2 Contracts Mask a Waning Construction Sector
Thursday, 19 October 2017
Infrastructure bounced back sensationally in September with six major HS2 contracts awarded on the month worth a total of £7.2 billion. However, the same can’t be said for the remaining sectors in construction, including housing which saw new orders decrease for the first time in six months. 
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Cautious optimism for small businesses in Q3 according to survey
Wednesday, 18 October 2017
Confidence levels among small businesses have bounced back to similar levels to those in Q1, following a dip as the General Election was held. However, despite the new wave of confidence, the proportion of businesses making investments to help their business grow has dropped. 
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