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Leumi provides £15.5m ABL facility to wool business

Leumi ABL provided a £15.5m structured ABL facility comprising invoice finance, term loan, inventory, and plant and machinery facilities for Standard Wool. The funding will support Standard Wool's growth plans and provide ongoing working capital.Standard Wool UK, headquartered in Bradford,...

#Leumi

Close Brothers loan book up 9.6% in 11 months

Despite Covid-19, Close Brothers Group PLC reported a significant rise in its loan book... (more…)

#bank#Coronavirus#COVID


Assetz Capital accredited to Recovery Loan Scheme

Assetz Capital has been accredited to the Recovery Loan Scheme (RLS)... (more…)

#Recovery Loan Scheme


British Arab Commercial Bank (BACB) strengthens leadership with key...

The London based trade-finance bank announces new roles for experienced banking professionals ... (more…)

#British Arab Commercial Bank


UK trade dropped by 15% in Q2 2021

Data from Tradeshift reveals that UK trade activity dropped by... (more…)

#global trade#liquidity#risk


Finverity appoints Alex Collingwood as Head of Corporate Sales...

Finverity, the supply chain finance platform with a focus on emerging markets... (more…)

#Finverity


Bibby Financial Services names new regional head of corporate

Bibby Financial Services (BFS) has appointed Riana Azam as regional head of corporate for ... (more…)

#bank#commercial finance#financial services


Very Group plans to repay the outstanding debt to...

Very Group, the UK’s second-largest ecommerce company, announced last week that its parent company... (more…)

#Greensill


SME expert index of iwoca see rising demand for unsecured...

According to the second iwoca's SME index, which covers a four-week period in May, it was found that over a…

#iwoca


Banca UBAE joins Polaris, a SCF platform

TXT Working Capital Solutions, a fintech operator active in the specific segment of supply chain finance... (more…)

#bank#management#supply chain finance


CBA helps banks prepare early for significant SWIFT trade...

Norwegian software vendor Commercial Banking Applications (CBA), today announced that it ... (more…)

#Commercial Banking Applications


UniCredit Factoring provides €7m SCF line  to Aeffe Group

UniCredit Factoring delivers €7m working capital line to finance the suppliers of (more…)

#Unicredit Factoring

Nearly £50bn in late payments to UK SMEs

According to a recent research done by... (more…)

#invoice#management#risk

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