Loan covenant disputes caused by the coronavirus crisis are likely to impact almost all industry sectors in the coming year, unless lenders and investors work together to resolve problems caused by covenant breaches, says RPC, the City-headquartered law firm. RPC says more loan covenant disputes, outside of the real estate sectors, will occur as the […]
Specialist asset-based lender Ultimate Finance is today announcing that it has expanded its Coronavirus Business Interruption Loan Scheme (CBILS) accreditation to include asset finance products. Ultimate Finance’s accreditation by the British Business Bank for the CBILS asset finance variant will enable the company to utilise its broad expertise to provide funding to SMEs to support […]
One in five highly skilled freelancers expect to have to close their business because of the Covid-19 crisis, according to new research by University of Edinburgh Business School in association with IPSE (the Association of Independent Professionals and the Self-Employed). The study, which surveyed over 1,400 highly skilled freelancers (Standard Occupational Groups 1 and 2), […]
A Doncaster fish merchant is working overtime to meet demand from fish and chips shops across the North of England as lockdown restrictions are eased, with support from Lloyds Bank. The majority of Warners Fish Merchants’ customers, which include fish and chip shops, restaurants and catering businesses, closed their doors when the government-mandated lockdown came […]
SSGC Ltd, a security services business based in Swindon, has experienced a surge in growth due to Covid 19 forcing it to adapt to the new changes and meet the everchanging demand. The coronavirus pandemic has led to a number of changes to UK businesses, with many having to adapt to the new changes brought […]
Trade credit insurance, which provides essential cover to hundreds of thousands of business-to-business transactions, will receive up to £10bn of government guarantees, ministers announced today. The Trade Credit Reinsurance scheme, which has been agreed following extensive discussions with the insurance sector, will see the vast majority of trade credit insurance coverage maintained across the UK. […]
Independent research that is conducted twice a year (since 2014) by market analysts East & Partners on behalf of national SME funder Scottish Pacific. On ScotPac’s behalf, East & Partners and polls a representative sample of Australian SMEs with $1-20m revenue, who use all types of methods to fund their businesses (ie it is not […]
A West Midlands manufacturer of equipment used for medical procedures in hospitals around the world, has ramped up the production of specialised procedure packs and devices for treating UK Covid-19 patients, with the support of an extended working capital facility from Lloyds Bank. Kimal has focused 100% of one of its manufacturing facilities and a […]
Assetz Capital has launched a new fundraising round with Seedrs for £500k minimum (target £1m) and plans to secure matched funding from the government’s new Future Fund to support its next phase of growth. The peer-to-peer marketplace lender, which was accredited as a lender under the government’s Coronavirus Business Interruption Loan Scheme (CBILS) in May […]
A group of popular Derbyshire restaurant hotels has secured a six-figure Coronavirus Business Interruption Loan Scheme (CBILS) loan from Lloyds Bank to help secure its future as it keeps its doors shut during the COVID-19 pandemic. The Boar’s Head in Draycott-in-the-Clay, The Lion Hotel in Belper and The Littleover Lodge Hotel in Littleover are owned […]
