Corporate Member RegulationBeyond resilience: Why fiscal discipline must be paired with real SME investment
Corporate Member RegulationBeyond resilience: Why fiscal discipline must be paired with real SME investment
Equipment Finance News Simply receives increased CBILS funding allocation from British Business Bank Published: 10th February 2021 Share SME funder Simply is expanding its support for small businesses during the COVID-19 crisis after receiving an increased allocation of funding under the Coronavirus Business Interruption Loan Scheme (CBILS). Simply is accredited by the British Business Bank as a CBILS lender and can offer asset finance facilities of up to £5 million to UK SMEs experiencing cashflow disruption caused by the pandemic. Mike Randall, CEO of Simply, said: “SMEs are the life blood of the UK economy. Their passion to find a way to protect their businesses has been nothing short of heroic and we are proud that we have been able to help by providing funding to them.” CBILS is managed by the British Business Bank on behalf of the UK government. Simply, which is majority owned by a Cabot Square Capital fund, launched in 2017, led by a team of industry specialists with a focus on innovation in the finance sector. It now employs around 100 people and has more than 3,500 customers across a variety sectors including manufacturing, construction, transport and recycling. Finance Connect Finance Connect brings you news and updates about UK and European auto, equipment and asset finance providers. Sign up to our newsletter Featured Stories NewsPACCAR reports 44% profit increase as truck sales and financial services strengthen Corporate Member NewsEconocom returns to growth in Q3 with revenue up 5% Corporate Member NewsParagon Bank funds solar project for Scottish property group Equipment Finance
