Firms fear losing access to top-up loans after lender Tide runs dry

Exclusive: Almost 100 borrowers may struggle to survive winter unless lender wins new funding

The Guardian understands that small firms that successfully received a bounce back loan (BBLS) from non-bank lender Tide are struggling to secure further loans to cope with the second lockdown after the finance company ran out of funds in the summer.

Unless Tide can secure fresh private investment or cheap funding for loans that are only available to licensed banks, it will remain closed to new business and the small firms affected must find alternative funding.

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