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