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Business loans in an hour at the tap of a phone: Barclays becomes first UK bank to offer near-instant SME lending

Business loans in an hour at the tap of a phone: Barclays becomes first UK bank to offer near-instant SME lending

Barclays has become the first UK bank to offer instant business lending via a mobile app. Its mobile lending service offers to pay out small business loans up to as much as £25,000 within 60 minutes - if you fit the lender's criteria. This week some 260,000 existing Barclays customers received a notice on their mobile banking app telling them how much they could theoretically borrow.

 

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