Business Scams on the Increase; Cashflow Starting to Tighten; and Improving Your Credit Score

Times of uncertainty can make businesses more susceptible to scams. Opening this latest Bulletin, we look at a report from Barclays which reveals a stark increase in the number of business scams. How can you avoid falling victim? As we edge closer to the end of 2020 business owners are facing a squeeze on cashflow. […]

December 6, 2020 / Comments Off
Wrongful Trading Suspension Extended; Bank Service Satisfaction; CBILS and Bounce Back Losses

Starting this latest Business Finance Bulletin, good news for Directors concerned about potential personal liability on decisions being taken with an announcement that the suspension on Wrongful Trading has been extended. How satisfied are you with the service your bank is providing and what factors would you take into consideration if you were to move […]

November 29, 2020 / Comments Off
Start Up Loan Ambassadors; Bounce Back and CBILS Update; and New Company Formations

Opening our latest Bulletin, news from the Start Up Loan company that it has appointed its latest batch of 12 Ambassadors. These are businesses owners who have built a successful business after receiving a start up loan. We take our monthly look at the Bounce Back and CBILS loan sector. Whilst the figures show a […]

November 22, 2020 / Comments Off
Just Cashflow Business Account; Recognise Bank Opening; and IwocaPay No Charges Offer

To open this latest Business Finance Bulletin, we look at an announcement from Just Cashflow that it is about to launch its own Business Account. Just Cashflow clients will now be able to take advantage of this new service which offers all the features of a traditional bank account. Good news for small businesses looking […]

November 15, 2020 / Comments Off
Fraudulent Bounce Back Loan Applications; Business Borrowing Soars; Asset Finance Deals Decline

Opening this latest Bulletin, we take a look at a disclosure from the British Business Bank as to the number of fraudulent Bounce Back Loan applications lenders have intercepted, and the amount prevented from being lost to criminals. A report from the EY Item Club has revealed the staggering amount businesses have borrowed in 2020. […]

November 8, 2020 / Comments Off
CBILS and Bounce Back Loan Extension But Watch Out…

The government has extended the CBILS and Bounce Back Loan Schemes and also allowing businesses to top-up their Bounce Back Loan scheme if you didn’t take the full allocation. We look at why you need to be careful if you plan to top-up your Bounce Back Loan

November 7, 2020 / Comments Off
Cancelled Insurance Policies; Businesses in Financial Distress; and Bounce Back Loan Lockouts

Whilst it is always wise to review your costs and overheads, new research has revealed that businesses are cancelling insurance policies to save on the premiums. Opening this week’s Bulletin, we look at the top 3 policies businesses are cancelling and the risks they are taking. We review the latest Red Flag Alert report from […]

November 1, 2020 / Comments Off
Bounce Back & CBILS Update; Business Growth Plans; and Invoice Finance to Fund Growth

As the application deadline for the Bounce Back Loans and CBILS looms we open this Bulletin with a review of the latest figures on the number of loans and amounts borrowed. There are also signs that lenders are starting to close their doors early. A survey from Hitachi Capital Business Finance reveals that small business […]

October 25, 2020 / Comments Off
Just Cashflow VAT Finance; Insolvency Numbers Edge Upwards; and Business Savings Habits

Opening the latest Business Finance Bulletin, we look at a new offering from alternative finance provider Just Cashflow. With more traditional cashflow issues starting to re-appear, Just Cashflow has launched a VAT Loan facility to support businesses with payment of their VAT liabilities. Despite the perilous state of the UK economy, the latest figures on […]

October 18, 2020 / Comments Off
Business Borrowing at Record Levels; Cost of Unpaid Invoices; Bounce Back Loan Losses

The latest review of business borrowing by UK Finance has revealed a staggering increase in the amount of debt firms took on in Quarter 2 of this year. The figures highlight the debt mountain businesses face repaying in 2021. Research from Nimbla, the trade credit insurance provider finds that many businesses are still owed money […]

October 11, 2020 / Comments Off

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