Further enhancements to the government small loans scheme or business bounce back loan scheme as it has been branded. Following weeks of constructive dialogue by the NACFB to the British Business Bank and BEIS, further changes have been announced to the CBILS initiative. The changes will significantly impact upon lenders and their confidence to process applications faster
We hope you have enjoyed reading our series on the various types of business finance available in the market. If you’d like to discuss your businesses ability to raise finance please get in touch on the number provided, or drop me an email and I’ll call you!
The final guide in our series will be answering “What are the key features of the Coronavirus Business Interruption Loan Scheme?”.
Revolving Credit Facilities
In this working capital guide will be answering the question: “What is a revolving credit facility?”.
Revolving credit facilities are a great alternative to a traditional overdraft provided by the high street banks. The funder agrees a line of credit with the business which can be drawn down and repaid during the agreed term.
Interest is often charged for the funds drawn, for the time they are drawn and dependant on the lender there is little to no charge for funds which aren’t drawn. When you combine that with often no set-up fee involved, this type of facility is often chosen as a ‘rainy day fund’.
An overview to SME Support Packages
In response to the COVID-19 outbreak in the UK, the UK Government announced a range of support packages for UK SMEs during the 2020 Budget to provide financial assistance to help businesses trade through the current period of uncertainty, disruption and financial pressures caused by COVID- 19. Read more
We hope you enjoyed reading our last guide focusing on Invoice Finance.
The second guide in our series on business cashflow finance will be answering the following question: “Asset Finance – What is Leasing & Hire Purchase?”
Leasing and Hire Purchase are two of the most popular forms of finance in the UK, behind only bank overdrafts and credit cards in terms of S.M.E use.
In this month’s Hadrian Finance November News we outline the hot topics, the ONS have said the economy is still growing. Tax changes and planning after the budget BTL Rates still low amid Bank base rate rise. We touch on Landlords EPC changes and Alternative Finance – Are you aware of it and how we can help. We hope you enjoy our newsletter!