Loan Management System
Description: The British Business Bank 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. The Start Up Loans scheme (SUL) provides debt finance in the form of a personal loan, to help individuals to start or grow their early stage businesses, driving sustainable growth and unlocking potential. Without SUL, many aspiring entrepreneurs would not be able to secure the finance and support to start and grow their businesses. The operating model utilises a mix of internal platforms and external service providers to support the full loan lifecycle - including disbursement, servicing, (read more...)
Summary: The British Business Bank, a central government public authority based in Sheffield, has issued an active tender for a Loan Management System (LMS) aimed at supporting their direct lending operations. This procurement opportunity, under the competitive flexible procedure, falls within the banking and investment services industry category and is open to UK-based service providers. Interested suppliers should note that key dates include the submission deadline on 8th May 2026 at 23:55 and presentation assessments scheduled for the week commencing 1st June 2026. The tender process is in the 'Tender' stage and supports the Start Up Loans scheme, offering debt finance to early-stage UK businesses, with a contract start date from 15th September 2026, potentially extending until September 2033.