Government support for small businesses in both the US and the UK helped boost Funding Circle. (Dominic Lipinski/PA)Lending platform Funding Circle’s small business customers have turned to the bank in higher numbers than before in the first few months of the year thanks in part to Government support schemes. The company said that it had “higher origination volumes in the UK” and now expects to beat forecasts by quite some distance. Adjusted Ebitda, Funding Circle said, will be “no lower” than £40 million. The business said that, alongside higher volumes in the UK, the extension of a business support package in the US had also boosted performance.

Source: Irish Independent May 19, 2021 11:37 UTC