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Ebury has launched a Coronavirus Lending Facility to support UK and European SMEs

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15 April 2020

Written by
Matthew Hopper

A new initiative has been launched to offer financing to SMEs in the UK and Europe.

A
n initial £40m lending facility has been set up to help UK and European SMEs manage their working capital during the coronavirus crisis, and it’s available now. The aim is to expand this program into the hundreds of millions in collaboration with governments in the UK and across Europe.

Ebury is also actively approaching different government bodies in the UK and Europe to offer support distributing the financial aid packages designed to help SMEs through the coming months. As Ebury’s products and solutions can be operated entirely digitally, it means it can channel large volumes of customer requests helping ensure financial help can be promptly provided to businesses.

Juan Lobato, Co-Founder of Ebury: “Getting finance to UK and European companies is essential in helping manage the cash flow pressures they are currently experiencing and Ebury is delighted to be offering this financing initiative. Ebury was founded to fill a gap left by the 2008 financial crisis and in this latest crisis it is ideally placed to help the Government’s distribution of its financial aid packages to large and small businesses.”

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