Rishis Rancid Racket

The lure of some big fat juicy interest rates and being given the greenlight to pawn off their own loans instead of Recovery Loans on customers, is proving to be irresistible to many banks and lenders. Pity none of them came to the aid of the overwhelmed lenders when the BBL scheme was live. Another regional lender has now been accredited to offer Recovery Loans that being First Enterprise. […]

As the number of people getting Recovery Loans remains tiny, I am losing faith with that scheme as some of you out there may also be doing however another lender has been accredited this time it is DLS Business Finance. […]

I live in hope that the British Business Bank will finally accredit a lender that is prepared to help everyone seeking a Recovery Loan, however until that day arrives, I will continue to keep you updated with those they do accredit, even though not many people are being approved for those loans, and in fact most SMEs have written-off that scheme as a waste of time. […]

The British Business Bank continue to accredit more and more lenders to the failing Recovery Loan Scheme, and Compass Business Finance is the latest one to be accredited. But as usual, little information on their facility can be found on their website. […]

There may be a tiny bit of hope for those of you that are based in the West Midlands and are after a Recovery Loan that Art Business Loans may be able to offer you one of those loans and for reference, they have now been accredited to lend out those loans. […]

As United Trust Bank have just been accredited by the British Business Bank into the Recovery Loan Scheme, that means there are now a total of six lenders offering an Asset Finance facility to business owners. […]

If your business is based in Cumbria, Lancashire (but not Greater Manchester) or in the Yorkshire Dales then you may be interested in Enterprise Answers, who are the latest lender to be accredited by the British Business Bank to offer Recovery Loans, but be aware as always, those new Government backed loans are proving hard to get. Amazingly lots of new lenders are appearing and […]

Many of you have been waiting for a chance to apply for a Recovery Loan with Starling Bank and yesterday they were accredited to offer them. However, it appears they want to suck the money out of those they give one to, via a 4% arrangement fee, and they will not let […]

The British Business Bank have finally pulled their finger out, and are accrediting more Recovery Loan Lenders, and with the accreditation of GC Business Finance that means there is now one more lender (so far) that are part of that scheme than offered Bounce Back Loans, but why so many lenders when very few are […]