CBILS and Bounce Back Loan Repayments; Business Confidence Levels; Help for Refused CBILS Applicants
Opening the latest Business Finance Bulletin, we look at proposals presented by financial firms and professionals on how to ease the debt and cashflow burden facing business in 2021 when CBILS and Bounce Back Loan repayments start.
As businesses open and consumers slowing start spending, we review the latest quarterly survey from Hitachi Capital Business Finance which reveals that business confidence is slowly beginning to return, especially among small businesses.
To close, the announcement that the European Union has relaxed the Undertaking in Difficulty test means that businesses refused a CBILS loan due to an insolvent Balance Sheet can now re-apply. This is good news for businesses previously denied access to the CBILS programme.