Starling Bank provides £300m CBILS lending pot to Funding Circle
CBILS aims to provide largely government-backed loans to SMEs, to ensure smaller businesses receive liquidity during the COVID-19 pandemic.
“This partnership with Funding Circle provides us with another outlet, on top of our own CBILS and BBLS lending, to help meet the needs of business owners affected by coronavirus. It’s a great example of the fintech industry pulling together to meet a very urgent need,” she added.
Funding Circle says it has lent more than £8.5bn to over 81,000 businesses globally.