All articles by Lorenzo Migliorato

UKEF to back factoring for export suppliers

British government agency UK Export Finance will provide guarantees on invoice discounting facilities to firms in the export supply chain.

1pm revenues grow 73% in first consolidated results after 2017 mergers

1pm has grown its revenues  to £13.8m, up 73% year-on-year, in the six months to November.

BBB channels £30m for ABL through IGF

Independent Growth Finance has received £30m (€34m) from British Business Investments, the commercial arm of British Business Bank, to be used for asset-based lending to SMEs.

PCF Bank sees business finance up 45% in 2017

PCF Bank’s business finance division has grown 45% in 2017, reaching a lending portfolio of £73m (€82m).

Bibby FS extends £9.3m to chemicals producer

Bibby Financial Services has provided a £9.3m (€10.5m) funding line to Essex-based SBZ Corporation, a manufacturer of additives and chemicals for the oil industry.

Garanti Leasing Romania receives €15m from European fund

Romania-based Garanti Leasing, part of Turkish banking group Garanti, has received €15m in funding from the European Fund for Southeast Europe (EFSE).

DLL and EIB channel €200m into Irish market

DLL and the European Investment Bank have agreed a scheme worth €200m to support Ireland’s leasing market.

Materials-handling assets: why lessors are not shelving the forklift just yet

FCA: RBS put “undue focus” on own income over SMEs’ debt turnaround

RBS’s GRG put “undue and inappropriate focus” on income, without consideration to debtor SMEs’ ability to repay, a review on behalf of the FCA has found.

Bibby FS provides Kent manufacturer with £480k facility

Bibby Financial Services has provided a paper bag manufacturer Badalov with a £480,000 invoice finance facility.