Prestige syndicates private CBILS securitization

City_AdobeStock_575x375_01Feb21
By Tom Brown
01 Feb 2021

Prestige Capital Management, a UK fintech lender, has become one of the first firms to sell on a warehouse backed by UK SME loans originated under the government’s Coronavirus Business Interruption Loan Scheme (CBILS).

Prestige’s lending arm, Nucleus Commercial Finance, manages the loan portfolio. The UK government-owned British Business Bank recently accredited Nucleus as a provider of £200m ($273m) in loans under CBILS.

Nucleus received new loan enquiries to the value of £300m-£400m at the beginning of September. Over the next three ...

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