Kicking off this Bulletin, we look at the latest Coronavirus Business Interruption Loan Scheme update from UK Finance which, following a slow start, reveals that the number of loans distributed is now picking up.

One gap in CBILS eligibility has been support for start ups and pre-revenue/pre-profit innovation-focused firms. We review the announcements of a variant of the support scheme for innovative firms and funding specifically for start ups.

Closing the Bulletin, we step back and look at reports on the early economic impact of the Coronavirus. What steps are businesses taking to safeguard their future?

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.

This week’s Business Finance Bulletin is another Coronavirus Business Interruption Loan Scheme (CBILS) special.
Opening this episode, we look at the announcement that Funding Circle has now joined the panel of accredited CBILS lenders. How will Funding Circle change the Scheme, and will it lead to a speeding up in distribution of funds?

We also review how CBILS has performed so far in supporting businesses in need of finance. A look at the figures reveal that the impact has been minimal and how a quickening of the pace is now needed.

To close the Bulletin, if you are thinking of applying for a loan under CBILS, what information will you need submit to the lender? Preparation is the key to ensure you don’t suffer from any unnecessary delays.

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.

To open this week’s Bulletin, we look at the knock-on effect of changes to the Coronavirus Business Interruption Loan Scheme and general lender reaction to the crisis which has jointly led to a fall in the availability of finance.

Evidence is now emerging of the impact the virus is having on businesses. We review a report from the British Chambers of Commerce which reveals reduced confidence and the limited level of cash reserves businesses have set aside to cover expenses.

To close, news of a grant scheme established by The Princes Trust and Nat West to specifically help young entrepreneurs meet costs and invest in new equipment.

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.

This Business Finance Bulletin episode is devoted to one topic, being support offered to UK businesses struggling from the ongoing CV crisis.

Businesses are starting to see the change in circumstances negatively impact on sales and cashflow. To open, we look at support measures the government and the Bank of England have announced to ensure a steady supply of finance. The actions will free up significant amounts of cash for banks to on-lend.

Turning to the High Street banks, we review what the major banks are offering their customers by the way of support packages. Will all businesses be able to access funds though?

Closing the Bulletin, we share tips on how you can help yourself by managing and being in control of your cashflow. Swift action could keep you on the right side of solvency.

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.