Nonaccredited alt lenders should focus on corona-specific solutions to remain competitive while awaiting approval for CBILS
Crowdfund Insider. They will now be able to support small- and medium-sized businesses affected by the coronavirus pandemic. of SMBs now having a financial relationship with at least one of the accredited lenders. Under the scheme, launched March 23, accredited lenders can provide up to £5 million to a borrower, with the loan repayments guaranteed by the state to encourage more lending.
Nonaccredited alt lenders will need to better market their innovative solutions' advantages to ensure SMBs see value in their services, with or without accreditation. The CBILS has been
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