New data reveals that UK small businesses are taking on multiple high-interest loans from online lenders offering rapid access to cash, when some of the firms could be saving an average of £10,000 per month in… Continue reading
News
Devon chef buys successful restaurant with CDFI funding
Devon-based executive chef, Paul Hegley, has acquired an established and well-loved restaurant, thanks to £105k in funding delivered by SWIG Finance. Buying an already established restaurant is what many people dream of and for Paul, that’s… Continue reading
A claw-some business idea thanks to Start Up Loan funding
Cornwall crab meat supplier Got Crabs has been able to purchase a special tank for its catch thanks to a Start Up Loan Funding by the British Business Bank, supported by SWIG Finance. Tim and Abi Werger… Continue reading
Capacity building funding works: Responsible Finance learnings
Community Development Finance Institutions that lend to small businesses have scaled up over the past 18 months and doubled their lending. Investment through the British Business Bank and capacity building funding from JPMorganChase and others enabled… Continue reading
Government backs CDFIs and JPMorganChase and BNY make new commitments to community finance
Thousands of small businesses will benefit from reforms to small business finance announced by the Government and new commitments to the community finance sector by JPMorganChase and BNY. Expansions to the British Business Bank’s Growth Guarantee… Continue reading
Scrap specialist expands offer with skip firm purchase backed by community lenders
Family business Total Metal Recovery has acquired neighbouring firm A-Z Skips by using funds secured through Birmingham-based ART Business Loans and BCRS Business Loans, from Wolverhampton, retaining seven staff and adding a driver position. The owners… Continue reading
Evidence, accountability, action: Investing in Women Code signatories fund talent, ambition and potential
Community Development Finance Institutions “show what inclusive finance looks like” and, with other Investing in Women Code signatories, have built a movement which proves that transparency works and stimulates progress. The Investing in Women Code’s sixth… Continue reading
Start Up Loan helps launch Pasta Point in Leeds
Pasta Point Leeds, a pasta stand located at the heart of the Leeds Kirkgate Market, has launched with the support of a five-figure Start Up Loan delivered with support from Business Enterprise Fund (BEF). The funding… Continue reading
From mechanic to business owner with a £184k loan
Chris Jones began his career at FRL Auto Services, where he spent 16 years honing his skills before moving on. When he later discovered that the garage’s long-time owner, Ian Gobel, was planning to sell after… Continue reading
Rethinking financial promotions: making borrowing clearer for the people who need it most
When someone needs a small loan to fix a car, cover an unexpected bill, or keep up with essentials, the information they’re given matters. It shapes not just what they choose, but whether they feel confident… Continue reading