by admin | Apr 8, 2020 | Business Support |
The Coronavirus Large Business Interruption Loan Scheme (CLBILS) will be made available to enable banks to make loans of up to £25m (the present limit for the smaller scheme is £5m). This will allow firms with an annual turnover of between £45m and...
by admin | Apr 8, 2020 | Business Support |
The Coronavirus Business Interruption Loan Scheme (CBILS), delivered by the British Business Bank, is designed to help support primarily small and medium-sized businesses to access bank lending and overdrafts. The government will provide lenders with a guarantee of...
by admin | Apr 3, 2020 | Business Support |
Many small businesses that have applied for a government backed CBILS loan thus far have been offered standard overdrafts and loans – without the Government's 80% guarantee – on the basis that they fit the banks’ criteria for this type of...
by admin | Apr 1, 2020 | Business Support |
During and after any period when economic activity is depressed, companies that survive the process are those that manage their cashflow effectively. A number of businesses will be in the fortunate position of heading into the current COVID-19 crisis with adequate...
by admin | Apr 1, 2020 | Business Support |
As part of the government’s response to assist businesses during the COVID-19 crisis is the offer to defer VAT and self-assessment tax and NIC payments. VAT HMRC will not enforce payment of VAT liabilities that fall due between 20 March 2020 and 30 June 2020....
by admin | Apr 1, 2020 | Business Support |
New insolvency measures have been announced to help prevent businesses unable to meet debts, due to the impact of Coronavirus, to continue trading and not be forced to file for bankruptcy. The measures were announced by the Business Secretary, Alok Sharma. These...
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