Lender Funding Cir­cle re­veals CBILS boom

The Daily Telegraph - Business - - Business -

On­line busi­ness lender Funding Cir­cle boosted its loan ap­provals by 30pc in June com­pared with the same month last year as de­mand for gov­ern­ment­backed loans drove record lend­ing.

Funding Cir­cle has loaned £300m to Bri­tish busi­nesses un­der the Coro­n­avirus Busi­ness In­ter­rup­tion Loan Scheme (CBILS), with a fur­ther £160m of loans ap­proved.

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