Opening the latest Business Finance Bulletin, we look at figures released by the Finance and Leasing Association which reveal how many requests the sector has had for payment forbearance. We also review the volume of Asset Finance business written in April, which not unexpectedly has seen a sharp drop.
The British Business Bank continues to accredit new lenders offering Bounce Bank Loans, CBILS and the larger CBILS facility. The weekly running total of the amounts lent under all three schemes continues to increase and proving to be a lifeline for businesses.
To wrap up this Bulletin, a survey from Nucleus Commercial Finance finds that some small business owners are injecting funds from personal savings to keep their business afloat.