Loan Management System
Reference ocds-h6vhtk-0679c4 · British Business Bank
Awarded to UAB CREDITONLINE for £4,973,032.
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Amounts and figures
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, collections and recoveries. To support future growth, we are preparing to deliver direct lending operations. As part of this, we are seeking FCA approval for a subsidiary of the British Business Bank to become a direct lender and therefore need to procure a comprehensive Loan Management System (LMS) capable of fully supporting this operating model.
Awards
| Lot | Awarded to | Amount | Date |
|---|---|---|---|
| 1 | UAB CREDITONLINE | £4,973,032 | — |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | 099719-2026 | 21 October 2026 |
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Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £4,973,032.
- Who is the buyer of this tender?
- The contracting authority is British Business Bank (United Kingdom).
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