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White Oak Global Advisors LLC will provide £200m (US$278m) working capital facility to Sanjeev Gupta’s U.K. steelmaking business. The loan is subject to due diligence and approval of Credit Suisse Group AG.
07/05/2021
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The UK government’s plans to ease lockdown restrictions have seen a surge in optimism from SMEs, according to the latest Covid-19 Pulse survey from business funder, Bibby Financial Services (BFS).
07/05/2021
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Estonian financial technology company SupplierPlus has launched a reverse factoring platform for suppliers in Ukraine. In the same time, the company opened a funding reverse factoring limit of UAH 100m (US$3.61m). In 2021, the company expects this limit to be increased to UAH 500 - UAH 1bn (US$18.4m-US$36.8m).
06/05/2021
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Coface records a good start to the year with a net income of €56.4m. Key facts:
06/05/2021
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Time Finance plc, an AIM listed independent specialist finance provider, has announced that it has been approved as an accredited lending partner under the UK Government’s Recovery Loan Scheme (RLS). RLS is administered by British Business Bank (BBB) and is the successor scheme to the Coronavirus Business Interruption Scheme which ended 31 of March 2021.
06/05/2021
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Tide, the UK’s leading business financial platform, has announced it will launch a new ‘Invoice Assistant’ in mid-May to give small businesses the tools they need to get paid, and get paid on time.
06/05/2021
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Global Supply Chain Finance Ltd. (GSCF) announces the activation of a receivables financing program for a large group in the agro-food business and its customers in the US and Canada. The program for the equivalent of US$135m is financed by Crédit Agricole Corporate and Investment Bank and operated by GSCF.
05/05/2021
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More than a year after the start of the pandemic, global economic trends are uneven due to lingering uncertainties around the spread of COVID-19. The acceleration of the vaccination process, as well as its effectiveness, are key to an economic recovery. In this context, the prospects for a return to normalcy are both uneven and uncertain across sectors of activity and geography.
05/05/2021
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The Minister of Finance, Mohamed Maait, said on Wednesday (05 May) that about 500 Egyptian companies have recorded six millions e-invoices on Egypt’s new system since its first phase, launched on 15 November 2020. The second phase of the e-invoice started on 15 February 2021.
05/05/2021
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Meridian and Accord Financial Corp. announced a strategic partnership today to provide small and medium businesses with more options for financing. It comes at a time when businesses are looking for ways to ensure they succeed today and be positioned for the post-pandemic future.
05/05/2021
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