SME news and archive

Cynergy Bank announces Asset Based Lending to SME businesses

Cynergy Bank has launched an Asset Based Lending offering for SME businesses that want to scale up and grow following the pandemic, alongside the appointment of a new team. The bank, established in 2018 by entrepreneurs to serve the needs of business owners, property entrepreneurs and family businesses, is looking to provide small to medium...

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Business

Klarna launches SME support package and accelerator

Swedish payments provider Klarna, known for its ‘buy now, pay later’ services, has launched a 3 million pound small business support package and accelerator programme to help British SMEs recover from the pandemic. The Support Package will provide 100 retail SMEs with access to support across different elements of their business, from office...

Apparel

Foreign investors seek buffer time for SME shift

The retail industry has urged the central government to provide a buffer time to overseas investors in the multi-brand segment while switching from one supplier in the small and medium enterprise (SME) segment to another, once the former outgrows the 1-million dollars (Rs 5.6 crores) limit. If the government agrees to grant this time, then the...