Starling Bank is among those accredited to offer Bounce Back Loans.
The first banks accredited were Barclays, NatWest (with RBS and Ulster Bank), Danske Bank, Lloyds and Clydesdale and Yorkshire Bank.
However Starling is the first FinTech to be added.
It’s been followed by Funding Circle which is developing its offering.
What does this mean?
Starling was already accredited for CBILS and as soon as the Bounce Back scheme was announced it stated it was “going to be” offering the loans “as soon as possible” for its SME customers.