The Recovery Loan Scheme, first introduced by the British Business Bank in 2021 and the successor to the Coronavirus Business Interruption Loan Scheme (CBILS), was created as a measure and means to support businesses by providing access to finance as they recover and grow following the pandemic…
Continue reading The new phase of the Recovery Loan Scheme – Key changes for businesses…
Tag: finance
Has the Covid Pandemic Created a Financial Timebomb for SMEs?
This time last year, chancellor Rishi Sunak quickly announced several lending programmes for companies affected by Covid and resulting lockdown. With loans, tax relief and cash grants available to support businesses, the idea was to prevent a wave of insolvencies, as firms struggled to stay afloat during the pandemic.
Continue reading Has the Covid Pandemic Created a Financial Timebomb for SMEs?
How to build your business credit score…
Your business credit score is based on your business’s financial history. Lenders will use it alongside the directors’ personal credit scores to decide whether your business is likely to repay debt.
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What happens if I can’t pay my VAT bill on time?
We can all wax lyrical about the need to budget for VAT and not treat the VAT we collect as our own, but sometimes business isn’t that straightforward. Things happen and, on occasions, it simply might not be possible to pay across the VAT when it falls due, which is normally the 10th working day of the month after the return is submitted…
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Management Buy Outs – MBO’s and ‘How to Pay’ for them…
What happens when after many years of running a successful business you decide to retire?
Do you want to sell your business for the maximum price or do you want to safeguard the future of your loyal management team?
Continue reading Management Buy Outs – MBO’s and ‘How to Pay’ for them…
Re-financing Solutions for Property Developers in a Flat Market…
Two years ago, property developers would have been obtaining planning permission to build out flats and houses – confident in the knowledge that in a buoyant market, prices would continue to rise and yields increase!
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What Business Finance is available and what’s the right option for my business?
What Business Finance is available and what’s the right option for my business?
As the thoughts of small business owners turn to budget planning for 2016, Supply My Business felt it would be useful to ask member SME Business Finance to provide an overview of the different types of finance available to businesses to help them manage their capital expenditure and cash flow more effectively to grow their business…
Continue reading What Business Finance is available and what’s the right option for my business?