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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
2020 Insolvency Numbers; Latest CBILS & Bounce Back Loan Figures; and Building Resilience

The Insolvency Service has reported on the number of firms which entered some form of insolvency arrangement in 2020. Opening this Bulletin, we look at why the numbers are lower than 2019 and how the tidy is beginning to turn. We look at the latest CBILS and Bounce Back Loan figures which reveal that demand […]

February 1, 2021 / Comments Off
Prompt Payment Code Changes; Just Cashflow VAT on Purchase Loan; and CBILS and Bounce Back Loans

With 2021 being the year where managing cash flow will be more important than ever efforts to reduce instances of late payment are always welcome. We open our latest Business Finance Bulletin with changes announced by the Prompt Payment Code which will see its members reduce the number of days taken to pay invoices. If […]

January 24, 2021 / Comments Off
Business Borrowing Levels; Cash Flow Pain and Planning; and Business Investment Appetite

In the first Business Finance Bulletin of 2021 we open by looking at the latest Business Finance Review from UK Finance which reveals the level of borrowing businesses have taken on in the first three quarters of 2020 and the challenges this will bring. In 2021 the adage that ‘cash flow is King’ will never […]

January 10, 2021 / Comments Off
Bounce Back Loans & CBILS Extended; Concerns on Loan Support Roll-Out; Latest CBILS Figures

This edition of the Business Finance Bulletin is a Bounce Back and CBILS fest! We kick off with the news that following a raft of new restrictions the government has extended the application deadlines for all the loan support schemes. The swift roll-out of the Bounce Back Loan scheme has been criticised by the Treasury […]

December 20, 2020 / Comments Off
Statutory Demand and Winding Up Petition Suspension; MarketFinance Grant Fund; and 2021 Expansion Plans

Cash strapped businesses which are facing creditor pressure have been granted further breathing space by the Government. Opening our latest Bulletin, we look at the announcement that the suspension on serving Statutory Demands and Winding Up petitions has been extended. Could this lifeline create more zombie businesses? MarketFinance has launched its Business Booster Fund which […]

December 13, 2020 / Comments Off
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

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