To help business owners deal with the fallout from the Covid-19 crisis, Australia’s largest non-bank funder of SMEs has created a centralised, easy reference page for SMEs highlighting the range of federal, state and other assistance packages available. Access the ScotPac Covid-19 Business Hub here. This resource page will be regularly updated as new information […]
Fiducia Group, one of the UK’s leading financial services brokers, has launched a new asset finance division offering bespoke funding solutions to support businesses with their cashflow issues. With so many firms impacted by the ongoing coronavirus crisis, Fiducia Asset Finance provides access to a range of finance options, along with fast turnaround times of […]
Thousands of businesses that pay their VAT by direct debit should consider cancelling them immediately say leading accounting and tax advisory firm Blick Rothenberg. Alan Pearce VAT partner at the firm said: “The chancellor’s announcement that VAT payments are being deferred was very welcome news, but many businesses need to ensure that they have instructed […]
The recently launched Coronavirus Business Interruption Loan Scheme is now available from Invoice Finance provider, Skipton Business Finance, alongside an Invoice Finance facility to support UK SMEs through the Coronavirus pandemic. As an accredited partner of British Business Bank, Skipton Business Finance is offering UK SMEs support through the Coronavirus Business Interruption Loan Scheme (CBILS) […]
While the past week or so has seen more restrictions on civil liberties to UK citizens than at any time in our history, the government has also recognised the major implications the coronavirus (Covid-19) outbreak will have on British businesses. Late last week, the chancellor set out a package of temporary and targeted measures of […]
Business finance lender MarketFinance sought the views of business owners following the wide ranging measures announced by the Treasury recently. Despite the sizeable fiscal stimulus, more than two thirds (67%) believe funds will not reach them in time and they will run out of cash before Easter (12th April). Loans Only half (52%) of UK […]
Revolut Business, an innovative global business account built for growth, speed, ease and security, today released the findings of its “2020 Vision: Taking a closer look at antiquated banking practices” report. Based on a survey of 602 UK, French, and Polish SMEs, the report reveals that SMEs are sticking with traditional financial services providers despite […]
Research undertaken just prior to coronavirus hitting, showed that over 2.6 million UK SMEs predicted they would be out of business within a month if they were suddenly and unexpectedly unable to trade With coronavirus already affecting businesses, new research from Nucleus Commercial Finance reveals that prior to the virus having an impact, nearly half […]
Linked Finance, Ireland’s leading peer-to-peer (P2P) lending platform, has launched a new “Deferred Start Loan” for businesses affected by the coronavirus. The innovative 15-month loan allows businesses to borrow up to €100,000, with repayments due in 12 monthly instalments after the first 3 months, during which no interest or capital repayment will be paid. The […]
We’re mindful that many businesses and households are struggling, that circumstances are changing fast, and some of you have asked where to find information. This may not be comprehensive but we have tried to collect together the most obvious places where you can check what support is available and how it will be delivered. There […]
