• Text size      
  • Send this article to a friend
  • Print this article

Tungsten asks for help to lend

TUNGSTEN, the invoicing company that recently acquired a banking licence, has applied to the British Business Bank for up to £50 million to help it provide invoicing finance to small firms.

If the company gets the full amount, it will be the biggest ever funding assistance provided by the government-run Business Bank. Five groups have been given a total of £108m to help improve lending to small companies.

Tungsten, which listed shares in London in October, said it was also talking to institutional investors.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.