Family business with debt free legacy aim turns to Recognise Bank after other lenders fail to provide lending options
SME specialist Recognise Bank has agreed a £416,000 fixed rate loan solution for a family business after it was frustrated by the lack of options with other lenders. Lancashire-based Newman Estates had been looking for a five-year fixed rate loan to protect the business against the uncertainty of prevailing interest rate volatility on three multi-unit […]
Recognise passes on full Bank Base Rate rise to all its Business and Personal Savers
Following the Bank of England rate increase, Recognise Bank has announced it will be increasing its rates by 0.25% AER across all their Business and Personal Savings variable products. Monna Patel, Head of Savings at Recognise Bank, said: “I am thrilled to announce that we are increasing the savings rate for all our Personal and […]
Recognise Bank announces major growth plans in its mission to revolutionise SME banking in the UK
Digital SME lender and savings provider, Recognise Bank, has announced ambitious growth plans following a successful £25m cash raise completed earlier this month. Recognise, which was fully licenced at the end of 2021, has raised over £95m investment so far on its journey to provide much needed support to UK SMEs, with the Bank’s largest […]
Could Open Accounting transform SME lending?
What is Open Accounting and what does it mean for SMEs? Mahmed Najem, Technology Analyst at Recognise Bank, explains the technology and how it could transform small business lending Open Accounting is a promising development that has the potential to transform the way financial services are provided to small and medium-sized enterprises (SMEs). While the […]
Recognise Bank secures £25m investment
Latest funding comes from Bank’s largest investor and will be used to increase loan book and develop new products for SMEs Digital SME lender and savings provider Recognise Bank has conditionally raised a further £25 million in investment from its group’s largest shareholder. The fresh investment will be used to support Recognise’s commercial lending and […]
Lenders need to be alive to market changes to support borrowers
Dean Carter, Recognise Bank’s Group Treasurer, discusses the role lenders can play to keep the market flowing during the current economic challenges. If the Bank of England’s decision to raise the Base Rate to three per cent wasn’t much of a surprise, then the notes about the Monetary Policy Committee’s (MPC’s) decision are likely to […]
The Big Profile: Stefan Hamm
Programme Director Stefan Hamm explains what attracted him to Recognise and shares his tips for starting out in business. Who are you? Stefan Hamm, Programme Director, Technology, Recognise Bank Tell us how you got here? I spent more than seven years of my career working in consulting for Tier-1 banks where I designed and delivered […]
Recognise boosts rates on 95 Day Notice Accounts for business and personal savers
Both 95 Day Notice Accounts now pay 3.00% AER, matching the Bank Base Rate. Recognise Bank has passed on last week’s 75bps Base Rate rise in full to its Business 95 Day Notice Account and Personal 95 Day Notice Account, so savers with either account will now earn 3.00% AER, the same as the current […]
Recognise passes on full Bank Base Rate rise to Business 95 Day Notice savers
Business 95 Day Notice Account will pay 3.00% AER,matching the Bank Base Rate. Following today’s increase in the Bank Base Rate by 75bps to 3% by the Bank of England, Recognise Bank has announced it will pass on the full rise to its Business 95 Day Notice Savings Account customers, so the account will pay […]
Recognise agrees £1.16m loan for complex multi-property portfolio deal
Rental portfolio acquired through company purchase. Recognise Bank has financed the complex purchase of a portfolio of mixed buy-to-let properties with a £1.16 million Professional Buy-to-Let (PBTL) loan, after the borrower had been let down by a number of other lenders. The properties on a housing development in Worksop, Nottinghamshire, were owned by a limited […]
