Business Standards

Why banks must be the future of funding and more for SMEs

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The looming threat of a no-deal Brexit, coupled with a second national lockdown, promises a difficult winter for SMEs on top of what has already been a challenging year. Emma Lovell, Chief Executive of the LSB, explores why current uncertainty in the public sector is driving the private sector to step up and meet the needs of its SME business customers.

Why banks must be the future of funding and more for SMEs Read More >

The looming threat of a no-deal Brexit, coupled with a second national lockdown, promises a difficult winter for SMEs on top of what has already been a challenging year. Emma Lovell, Chief Executive of the LSB, explores why current uncertainty in the public sector is driving the private sector to step up and meet the needs of its SME business customers.

Atom bank becomes an interim registered firm with the LSB’s Standards of Lending Practice for business customers

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We are delighted to announce challenger bank, Atom bank, is the latest interim registered firm of the LSB’s Standards of Lending Practice for business customers.

Atom bank becomes an interim registered firm with the LSB’s Standards of Lending Practice for business customers Read More >

We are delighted to announce challenger bank, Atom bank, is the latest interim registered firm of the LSB’s Standards of Lending Practice for business customers.

FCA confirms recognition for the LSB’s update to Standards for CBILS and BBLS lending

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The FCA has confirmed that the formal recognition of the Standards of Lending Practice for business customers has been maintained and that recognition now covers the updates to the Standards issued by the LSB to take account of the Government’s new coronavirus lending schemes.

FCA confirms recognition for the LSB’s update to Standards for CBILS and BBLS lending Read More >

The FCA has confirmed that the formal recognition of the Standards of Lending Practice for business customers has been maintained and that recognition now covers the updates to the Standards issued by the LSB to take account of the Government’s new coronavirus lending schemes.

Coronavirus; working through it

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In response to the coronavirus pandemic, Insight & Support published a series of thought pieces focusing on authorised push payment (APP) scams, vulnerability, and SME financial difficulty.

Coronavirus; working through it Read More >

In response to the coronavirus pandemic, Insight & Support published a series of thought pieces focusing on authorised push payment (APP) scams, vulnerability, and SME financial difficulty.

Response to the Chancellor’s announcement of changes to the Coronavirus Business Interruption Loans Scheme (CBILS)

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The LSB welcomes the changes HM Treasury has announced to the CBILS to support the swift provision of finance to SMEs and the launch of the Bounce Back Loan scheme (BBL). 

Response to the Chancellor’s announcement of changes to the Coronavirus Business Interruption Loans Scheme (CBILS) Read More >

The LSB welcomes the changes HM Treasury has announced to the CBILS to support the swift provision of finance to SMEs and the launch of the Bounce Back Loan scheme (BBL). 

Themed review: Financial difficulties – Standards of Lending Practice for business customers

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We have published a summary report of the financial difficulties themed review for the Standards of Lending Practice for business customers.

Themed review: Financial difficulties – Standards of Lending Practice for business customers Read More >

We have published a summary report of the financial difficulties themed review for the Standards of Lending Practice for business customers.

Standards of Lending Practice for business customers extended to protect businesses with £25m turnover

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The Standards turnover threshold has been uplifted to £25m, with new Standards focussing on the treatment of businesses in support units, and debt sale.

Standards of Lending Practice for business customers extended to protect businesses with £25m turnover Read More >

The Standards turnover threshold has been uplifted to £25m, with new Standards focussing on the treatment of businesses in support units, and debt sale.