Sir Henry

COVID-19 BRIEFING FOR SME’S ISSUED AT 1815 hrs on 28th APRIL 2020

OVERVIEW This bulletin covers: The new Government Bounce Back Loan Scheme (BBLS) and its relationship to the Coronavirus Business Interruption Loan Scheme (CBILS) Many small and micro businesses have had difficulty in accessing the CBILS support, often because lenders were unwilling to take on their 20% risk value (the Government agreed to cover 80% of …

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COVID-19 BRIEFING FOR SME’S ISSUED AT 1300 hrs on 9th APRIL 2020

CBILS We are pleased to tell you that the Treasury has confirmed that Directors’ personal guarantees are no longer required for business loans under this scheme. It is likely that approved lenders (40 accredited lenders ) will ask for some information about an applicant’s personal financial situation. This is because it’s important that business owners …

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COVID-19 BRIEFING FOR SME’S ISSUED AT 1200 hrs on 3rd APRIL 2020

OVERVIEW Following extensive criticism from small businesses and representative groups about the difficulty in accessing the Government’s Coronavirus Business Interruption Loan Scheme the Chancellor of the Exchequer has announced new measures to make it easier. We are also expecting further announcements about existing loans and credit cards next week. THE CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME …

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COVID-19 BRIEFING FOR SME’S ISSUED AT 1800 hrs 22nd MARCH 2020

OVERVIEW The Covid-19 situation in the UK is becoming more serious and the Government has made a number of announcements detailing support packages for individuals and organisations, together with accelerated and somewhat exceptional edicts & advice to help people stay safe and virus-free. This Briefing is in two sections; the first deals with economic & …

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London: 020 7082 8100 | Kent: 01303 760 805 | Bucks/Berks: 01494 419 192

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