Posts Tagged ‘CBILS’

Bounce Back Loan and CBILS Milestone; Business Confidence and Late Payment Pressures

Posted on: July 6th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Opening our latest Bulletin, we look at a milestone hit by the government guarantee loan support schemes – the Bounce Back Loans and CBILS. The number of loans disbursed have hit record highs and proved to be a lifeline for many businesses and another batch of lenders added to the panel further improve access to the various schemes.

Studies are now exposing the extent of the impact of recent events on business performance and profitability but there is a glimmer of light. We look at surveys from Lloyds Bank, Xero and the Federation of Small Businesses which reveal the pressures businesses are under.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Google, Spotify, Stitcher or itunes channel.

Business Finance Bulletin · Bounce Back Loan and CBILS Milestone; Business Confidence and Late Payment Pressures

Insolvency Law Changes; Cashflow Challenges Facing Businesses; and Bounce Back Loan Fraud

Posted on: June 29th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

We open the latest Business Finance Bulletin with a look at changes to insolvency law with the passing of the Corporate Insolvency and Governance Act. How will this help struggling businesses?

As businesses get back into the swing of trading, what are the challenges facing them? A survey from MarketFinance reveals how businesses are faced with tackling long overdue invoices and the future impact on cashflow.

To close this Bulletin, with Bounce Back Loans proving to be a lifeline for cash-strapped businesses, it appears that some Directors are misusing the funds, leaving them open to close scrutiny in the event of business failure.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Google, Spotify, Stitcher or itunes channel.

Business Finance Bulletin · Insolvency Law Changes; Cashflow Challenges Facing Businesses; and Bounce Back Loan Fraud

What’s Ahead for Small Businesses, New Lenders and Updates on Bounce Back Loans and CBILS

Posted on: June 22nd, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Starting this week’s Bulletin, with businesses either back trading or gearing up to open the doors, we look at surveys from Aldermore Bank and UK Finance which reveal how businesses see the next 12 months in terms of borrowing and growth.

The British Business Bank announces accreditation of more new lenders on the Bounce Back and CBILS loan schemes. Are we at the stage where there are enough on the panel of lenders?

To close, we review the latest figures on the two loan schemes and consider why the number of unsuccessful CBILS applications remains stubbornly high.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Google, Spotify, Stitcher or itunes channel.

Business Finance Bulletin · What’s Ahead for Small Businesses, New Lenders and Updates on Bounce Back Loans and CBILS

Planning Ahead for Recovery; Trade Credit Insurance; and Bounce Back and CBILS Loan Update

Posted on: June 8th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In this week’s Business Finance Bulletin, we open the episode by considering what type of economic recovery you should be planning for. Which scenario best fits your plans?

The ability of businesses to confidently trade among themselves is key to re-building the economy. We look at a new scheme launched by the government to ensure the continuance of Trade Credit Insurance.

To close, we take our regular look at the numbers behind the Bounce Back Loans and the Coronavirus Business Interruption Loan Scheme.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Google, Spotify, Stitcher or itunes channel.

Business Finance Bulletin · Planning Ahead for Recovery; Trade Credit Insurance; and Bounce Back and CBILS Loan Update

Using your CBILS and Bounce Back Cash; Business Confidence; and Latest Support Loan Figures

Posted on: June 1st, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , ,
Posted in Business Finance Bulletin

Kicking off the latest Business Finance Bulletin, with businesses now in receipt of CBILS and Bounce Back Loans, what can you do with the cash? We look at one use you should think very carefully about before pushing the button.

Naturally, business confidence has taken a hit over the last few months. I discuss how confidence levels are faring and review a survey from Aldermore Bank on the impact on business income since the lockdown.

To close, our regular look at the CBILS and Bounce Back Loan statistics. How many businesses have taken advantage of this government support scheme?

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Google, Spotify, Stitcher or itunes channel.

Business Finance Bulletin · Using your CBILS and Bounce Back Cash; Business Confidence; and Latest Support Loan Figures

Bounce Back Loans and CBILS Update, Business Pressures and Trade Credit Insurance – BFB 299

Posted on: May 18th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Kick starting the latest Business Finance Bulletin we take our regular look at Bounce Back loans and CBILS progress. The Bounce Back loans have proved to be popular, but some concerns remain among businesses still struggling to access the Scheme.

Aldermore Bank have surveyed businesses to understand the impact the lockdown has had on business sales. However, the survey reveals that businesses have taken bold and swift steps to safeguard their future.

Closing the Bulletin, looking ahead to post-lockdown the government has pledged support to the Trade Credit Insurance sector. The support package will ensure firms can confidently continue offering credit terms.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Spotify, Stitcher or itunes channel.

CBILS Progress Update, Bounce Back Loans Launched and Business Changes – BFB 298

Posted on: May 11th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , ,
Posted in Business Finance Bulletin

Opening this week’s Bulletin, we take our regular look at how the Coronavirus Business Interruption Loan Scheme is performing and how the approval rate is on the rise.

The Bounce Back Loan Scheme has been launched and we look at how some banks have been better than others in terms of their processes.

Wrapping up the Bulletin, with firms now planning ahead what changes are they planning to make to the way they do business?

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Spotify, Stitcher or itunes channel.

CBILS Update, Business Confidence and Entrepreneurial Aspirations – BFB 297

Posted on: May 4th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

We open this Bulletin with an update on the CBILS performance. How are the accredited lenders doing in terms of getting money out to businesses in need of support? Will the launch of the Bounce Back Loans help those businesses which failed to access funding under CBILS?

We look at surveys carried out by Lloyds Bank and Hitachi Capital Business Finance which, not surprisingly, reveal that business confidence has taken a severe knock over the last two months.

To close, on a positive note The Pitch, the start up competition organiser, finds that some people are now turning their thoughts to starting a business.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Spotify, Stitcher or itunes channel.

Business Finance Bulletin · CBILS Update, Business Confidence and Entrepreneurial Aspirations – BFB 297

CBILS: Don’t Ignore the Cashflow Forecast

Posted on: April 29th, 2020 by blsuser1 No Comments Tags: , ,
Posted in Business Finance Tips

Seven CBILS panel lenders have waived the requirement for a Cashflow Forecast. Here’s why you should still consider preparing a forecast.

Bounce Back Loans – But What is an ‘Undertaking in Difficulty’?

Posted on: April 28th, 2020 by blsuser1 No Comments Tags: , ,
Posted in Business Finance Tips

The government has launched the Bounce Back Loan to help smaller businesses access funding. Whilst many will be eligible, one element of the criteria is that a business can’t be classed as an ‘Undertaking in Difficulty’.

We look at how this could result in some small businesses missing out.

You can also listen to the podcast version…

Business Finance Bulletin · Bounce Back Loans – But What is an ‘Undertaking in Difficulty’?

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