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Starling Bank Lends More Than £600mn Through Crisis Loan Schemes

Starling Bank Lends More Than £600mn Through Crisis Loan Schemes

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EuropeFintech
··1 min read

Digital only Starling Bank says they have reached about 65 percent of their SMB lending capacity through the various government led loan schemes; Starling provides a quarterly update to Banking Competition Remedies Ltd. as part of the capital it received through the grant fund last year; Starling’s last update said the bank only lent a little more than £1mn; the bank got the go ahead to use the grant funds from last year as part of their lending through the government schemes; “Starling has released an initial version of its unsecured business loan product. This system has allowed Starling to lend over £300mn in its first week as part of the Bounce Back Loan Scheme of the British Business Bank. Starling processed 83% of decisions within 48 hours. This system will continue to be developed over the coming months,” the bank wrote according to AltFi. AltFi

  • 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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