Loan Management System

Award outcome

Description

The British Business Bank (BBB) is the UK’s economic development bank, with a mission to make finance markets work better for smaller businesses. BBB typically operates on a wholesale basis, partnering with lenders within the existing financial ecosystem to increase the supply, diversity, and regional reach of finance available to UK SMEs. Start Up Loans (SUL) provides debt finance to support working capital and growth for the smallest and earliest stage businesses, driving sustainable growth and unlocking potential. Without SUL, BBB would be unable to support many entrepreneurs requiring the right type of finance to start and grow their businesses. Under the current operating model, SUL relies on a complex internal technology landscape combined with significant dependence on third party systems for loan disbursement, servicing, collections, and recoveries. This reliance restricts BBB’s ability to scale and to deliver a fully integrated and efficient lending operation. BBB therefore will become a direct lender and seek to procure a comprehensive Loan Management System (LMS) capable of fully supporting the organisation’s transition to inhouse lending operations. Tenderers are also directed to the Specification for the Project Requirements, as set out in Appendix 6 (Specification) of the Invitation To Participate (ITP). To respond to this opportunity, please click here: To access the Procurement Specific Questionnaire: https://www.delta-esourcing.com/respond/825FNUH6AP To access the tender documentation: https://www.delta-esourcing.com/respond/V725K345VT

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About British Business Bank

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