Starling Bank to Be Among Accredited Lenders for Bounce Back Loans

Barclays, Lloyds, NatWest, Santander, RBS, Ulster Bank, Danske Bank and Clydesdale & Yorkshire Bank are the eight banks that are approved to make loans under the government’s Bounce Back Loan program; applications are open today and it is expected that Starling Bank will be the first fintech to be added to that list; the program is aimed towards helping small businesses who have been impacted by the coronavirus; many businesses had complained about getting access to credit under the Coronavirus Business Interruption Loan Scheme or CBILS; Funding Circle is also looking to join the Bounce Back program but others such as OakNorth and ThinCats are likely not to be a part of the program. Altfi