The Bounce Back Loan Scheme goes live today and the British Business Bank have published more detailed guidance. The main eligibility criteria for a business are: it is engaged in trading or commercial activity in the UK and was established by 1st March 2020; it is not registered as a business in difficulty at 31st […]
COVID-19 – Business Support – New Bounce Back Loan Scheme With 100% Government Guarantee Available From Monday 4th May
The Chancellor, Rishi Sunak, has updated the House of Commons today on the Government’s economic response to COVID-19. As part of the statement, he announced a new Bounce Back Loan Scheme. This will be targeted at small businesses with a fast-track finance application process and a 100% government-backed guarantee with the lenders to provide […]
COVID-19 – Business Support – Changes Made To Coronavirus Business Interruption Loan Scheme – Is It Too Little, Too Late?
The Chancellor, Rishi Sunak, has announced that changes will be made to Coronavirus Business Interruption Loan Scheme (CBILS) from today to boost the support to businesses affected by COVID-19. This is set against a backdrop of a growing sense of frustration at the stance being taken by the lenders that has made CBILS virtually redundant […]