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UK Digital Banks Waiting to Hear if They Can Help Small Businesses with Government-Backed Loans

UK Digital Banks Waiting to Hear if They Can Help Small Businesses with Government-Backed Loans

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EuropeFintechNews Roundup
··1 min read

Reuters reports the several digital banks in the UK are still awaiting word whether they can offer government-backed loans to small businesses due to the current COVID-19 crisis; this includes OakNorth, Tide and Starling which count hundreds of thousands of small businesses as customers; they have all applied for the Coronavirus Business Interruption Loan Scheme (CBILS); the CBILS, launched Monday was part of a £330 billion package to help companies get through tough times; a similar program was launched back during the last financial crisis which included many of the high street banks. Reuters

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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