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Landmark guarantee inked

Category: Capital Relief Trades ABS


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ThinCats and BBB seal agreement

The British Business Bank and alternative lender ThinCats have finalised a guarantee agreement via the former’s ENABLE Guarantee programme. The guarantee will provide up to £300m of additional funding for UK SMEs and midcaps. The transaction features a warehouse facility provided by Citi and it is the first under the ENABLE programme to facilitate lending to smaller businesses from an alternative lender with a bank as a senior funder.

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