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Santander UK and Kabbage to team up to provide UK small businesses with faster access to debt finance

Santander UK and online lender Kabbage (in which Santander is an investor) have announced that they will team up to provide UK small businesses with faster access to debt finance. According to the FT,  the aim is to “speed up the underwriting process so businesses can potentially access working capital of up to £100,000 online on the same day.” Here is the press statement