Business Finance, News, UK Government Loans
Oct 15, 2021
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British Business Bank Recovery Loan Scheme – Part 2

Between the British Business Bank and the various Lenders involved, it has taken far longer than CBILS for some Lenders to be fully operational with RLS. However, while back in April there were only eighteen accredited Lenders to the scheme, there are now over seventy.

Sterling welcomes Tony Airey to the team

Tony has over 39 years of Banking, Corporate Finance and advisory experience gained in the Corporate Finance divisions of the High Street Banks, a specialist Growth and Corporate Finance Lender and the Lead Advisory within a national accountancy firm.

Summer signing completes £500k facility in his first month – back of the net!!!

Matt Lobb is fairly pleased to have completed a £500k working capital facility structured across two lenders in order to support the growth plans of a local healthcare business.

Commercial Banker, Super-connector & Bearded wonder strengthens Sterling Commercial Finance team

Sterling Commercial Finance Ltd, a 20 year established Commercial Finance Brokerage, has today announced it has further strengthened its Midlands team with the appointment of experienced commercial banker Matt Lobb.

Business Finance, News, UK Government Loans
Apr 08, 2021
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BE PATIENT – British Business Bank Recovery Loan Scheme

The British Business Bank Recovery Loan Scheme was launched this week as the replacement Government backed lending scheme to succeed the various Coronavirus Loan Schemes. However be aware options are limited just now.

Business Finance, News, UK Government Loans
Mar 04, 2021
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Recovery Loan Scheme

The new Recovery Loan can in principle be used more widely and is potentially more flexible. However, much will depend on how the accredited lenders choose to operate the scheme within their own parameters and no doubt the devil will be in the detail.

Business Finance, News, UK Government Loans
Jan 29, 2021
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Business in Crisis – A Note to Company Directors running out of cash

So, like so many others running a business, you are facing a seemingly impossible challenge. The payments previously deferred (including March 2020 VAT) will shortly become due, CBIL’s/BBL’s repayments start soon, landlord’s patience has run out, customers are slow to pay/suppliers are about to stop supplying, wages are due at the end of the month and the bank balance is perilously close to the overdraft limit.

Stamp Duty deadline is looming……act now!

Since the start of the year, lenders have been urging us to encourage our clients wanting to take advantage of the Stamp Duty Holiday, to start their applications as soon as possible.

Sterling strengthens the team to support further growth in 2021

We are delighted to welcome Elaine Bridle to the team as our Compliance Manager. Elaine has 40 years Commercial Banking experience with NatWest, most recently working within their Commercial Risk and Controls Team. In an ever more regulated sector, Elaine’s expertise will help maintain our focus on this critical business area.

Buy to Let Finance Update

Despite the COVID 19 pandemic and the subsequent lock downs and tier system introductions, the BTL Market has continued to thrive. One could say that the part stamp duty relaxation, available until the end of March, has kept purchases buoyant, but we have also seen a high number of refinance deals completed as fixed rate deals have come to an end.

Category: News