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Recovery Loan Scheme Launches; Business Borrowing in 2020; and Metro Bank Invoicing Tool

On 6th April the Recovery Loan Scheme was launched. Replacing the Bounce Back Loan and CBILS the new scheme is designed to support businesses in need of growth funding. We look at how the scheme works and how it could benefit your business. As businesses focus on getting back on track no one can ignore […]

April 11, 2021 / Comments Off
Business Scams to Watch; Business Protection Measures Extended; and Checking Your Credit File

According to the latest research from Barclays Bank, there has been a notable increase in the number of business scams. Opening the latest Business Finance Bulletin, we highlight five scams to watch out for. Alongside the extension of other support measures, we look at the government announcement extending the period of a range of measures […]

March 28, 2021 / Comments Off
Business Insolvencies Declining; Fall in Use of Asset Finance; and Business Owner Risk Taking

We open this Business Finance Bulletin with a review of the latest business insolvency figures. The most recent figures released by the Insolvency Service reveal that insolvencies are still declining. It is acknowledged that the figures will eventually increase so what can you do to protect yourself from customers not paying? The latest figures from […]

March 21, 2021 / Comments Off
Record Business Borrowing in 2020; ESME Loans Closes; and Open Banking Update

Opening the latest Business Finance Bulletin, we review a report from the British Business Bank looking at the business borrowing market in 2020. Not surprisingly the report reveals that businesses took on an unprecedented level of debt. With businesses going full out on CBILS and Bounce Back Loans the alternative finance sector, which was booming […]

March 14, 2021 / Comments Off
Goodbye CBILS and Bounce Back Loans and Hello to the Recovery Loan Scheme

We devote the whole of this week’s Business Finance Bulletin to the new Recovery Loan Scheme. In his Budget last week, the Chancellor announce that CBILS and the Bounce Back Loan Scheme would not be renewed but instead would be replaced by the Recovery Loan Scheme. We look at features of the new Scheme; the […]

March 7, 2021 / Comments Off
Replacement for Bounce Back & CBILS? Barclays to Support Local Businesses; and Business Confidence on the Up

As the application deadline to apply for a Bounce Back or CBILS loan fast approaches, there is talk of a new government-backed loan being announced in this week’s Budget. Focusing more on recovery than survival we consider what the features of the loan could be. Smaller, local businesses have been badly hit over the last […]

March 1, 2021 / Comments Off
Borrowing Post Bounce Back & CBILS; Business Banking Complaint Service; and VAT Deferred Payment

What is the business borrowing environment going to look like post Bounce Back Loans and CBILS? Opening the latest Business Finance Bulletin, we look at why obtaining finance will be challenging once the government loan support schemes finish. After two years in the making, seven of the major banks have launched the Business Banking Resolution […]

February 22, 2021 / Comments Off
Bounce Back Loan Changes; SME Brexit Support Fund; and Business Borrowing in 2020

Kickstarting this latest Business Finance Bulletin, we review the changes announced to the Bounce Back Loan scheme. The tweaks to the scheme will help those small businesses which are seeing a slower uptick in trading than hoped for. Those businesses trading in Europe are finding it a challenge to negotiate the new rules and regulation. […]

February 15, 2021 / Comments Off
Business Confidence and Growth Plans; CBILS Personal Guarantee Liabilities; and Grant Finder Service

Opening the latest Business Finance Bulletin, good news in a survey from Hitachi Capital Business Finance, which reveals that despite continuing lockdowns, many businesses are still looking ahead to growth. But not all sectors are so confident. We look at findings from Purbeck Insurance Services which highlight that businesses which took on larger CBILs facilities […]

February 8, 2021 / Comments Off
New Bounce Back Loan Repayment Terms

Changes are being made to the Bounce Back Loan repayment terms which will ease cash flow concerns for many businesses. We look at the options the government are offering to help relieve the repayment burden.

February 6, 2021 / Comments Off

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