Funding Scheme news and trends

UK Digital Banks Can’t Disburse Gov’t Funds To COVID-19-Affected Firms

March 26, 2020
UK, digital banks, Accreditation, funding scheme, coronavirus
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UK Digital Banks Can’t Disburse Gov’t Funds To COVID-19-Affected Firms

March 26, 2020
Digital banks that weren’t part of an earlier funding scheme lack the accreditation necessary to send relief to people affected by the coronavirus, according to a Thursday (March 26) Reuters report.  The British Business Bank (BBB) announced on Monday (March 23) that it was launching the Coronavirus Business Interruption Loan Scheme (CBILS) by remodeling one […]