Christoph Rieche, co-founder and chief executive of iwoca
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On May 20, the British Business Bank announced the accreditation of six new lenders to channel funding to small businesses under the UK government’s much-criticized Coronavirus Business Interruption Loan Scheme (CBILS).
Bibby Financial Services, iwoca, Scania Financial Services, Triodos Bank UK, Ulster Community Investment Trust (UCIT), and Woodsford TradeBridge now join 68 already accredited CBILS lenders
That sounds like a lot of lenders. But Keith Morgan, chief executive of British Business Bank, explains: “Our accredited lenders have seen an incredible demand for Covid-19 business loan schemes since they became available.
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