UK FinTech Greensill has been approved for the Coronavirus Large Business Interruption Loan Scheme.
In Brief:
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One of the various lending options on offer, this is for businesses with a turnover in excess of £45mn.
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Metro Bank and OakNorth were also approved this week.
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16 organisations are now accredited for the scheme.
What does this mean?
Greensill is the only accredited lender to provide invoice finance facilities – it says this will be crucial in providing financial support to larger businesses’ cashflow issues.
