Greensill becomes CLBILS lender

June 11, 2020 | Business Lending

Written by FinTech Alliance

Greensill becomes CLBILS lender

UK FinTech Greensill has been approved for the Coronavirus Large Business Interruption Loan Scheme.

In Brief:

  • One of the various lending options on offer, this is for businesses with a turnover in excess of £45mn.

  • Metro Bank and OakNorth were also approved this week.

  • 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.


Read more here.

 

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