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?”.
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
A Business Loan is a common form of finance for businesses and one of the first options many S.M.Es consider when seeking funding. The lender provides money that the borrower pays back, with interest, over an agreed period. Many funders provide business loans in the UK, including high-street banks, challenger banks, peer-to-peer platforms and other alternative finance providers
The best option for your business will vary dependant on what amount of debt it can afford to repay and whether you meet the eligibility criteria, which varies from lender to lender. The main two variable terms of any business loan facility are the repayment period i.e. how long you’ll have to make repayments for and the interest rate charged.
Coronavirus Business Interruption Loan Scheme
During these unprecedented and difficult times it is essential to look for solutions to all the problems that may be facing your business. There may be assistance in many forms such the much talked about Coronavirus Business Interruption Loan Scheme (CBILS). There is also options to use Asset finance, Invoice finance and Factoring and some of our lending panel can offer cash flow solutions which have also been popular during recent weeks. I will post about some of these options shortly but will concentrate on the CBIL and Personal Guaerntee Insurance that may also be a useful tool in alleviating worries of giving personal guarantees with any form of finance funding. If you would like to speak about any of these other options then please feel free to get in touch.
Hadrian Capital Finance
Happy New Year from us at Hadrian Finance. We hope you had a great xmas holiday. January is a time to review the past year and look forward and plan ahead.In this month’s newsletter, we outline quite a few hot topics, including SME’s don’t secure the funding they need, Specialist funding, especially self-build mortgages are on the rise in Scotland and the Self-employed market continues to flourish.
We hope you enjoy our newsletter!
Hadrian Finance are a Funding Circle Business Champion. Hadrian Finance has a strong foundation of providing outstanding customer service. Our focus is very much based on ensuring each and every client receives a personalised service, matching their financial needs to their individual requirements. We aim to help clients quickly and efficiently as well as remaining true to our mantra of treating customers fairly which means always looking for the best solutions for our clients needs. That’s why Hadrian Finance is a Funding Circle Business Champion.
Given the uncertainty of the effects of Brexit on the agricultural community in the UK there has been an increase in the rural community looking at diversification strategies as a way to buffer the potential loss of subsidies.
What Does Hadrian Capital Finance Do? and more importantly what can we do for you?
Money is the fuel that can your business needs to grow and we can help with finding the right money for you when you need it.
It’s sometime difficult to get across what we actually do, in fact sometimes we get confused our selves as we offer quite a few services, so we have created these short videos to help explain a little bit about us
Unsecured Business lending up to £350,000 for almost any business need.
Unsecured business loans make an attractive option for small business owners who just need a quick infusion of cash to pay off outstanding expenses, cover financial gaps and move onto the next project