UK FinTech lender MarketFinance lent more than $342mn to UK businesses up to November this year.
In Brief:
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The business has lent a total of £2bn since its foundation in 2011.
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This year it was approved to offer CBILS loans.
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MarketFinance offers invoice finance and business loans to entrepreneurs across the UK.
What does this mean?
The Coronavirus outbreak led to greater demands for invoice finance and business loans from Q2-Q4 this year, since especially small businesses ran into cash flow problems when the country went through various phases of lockdown.
