The past 3 years have been incredibly turbulent for the business economy. When Covid first hit back in 2020 they were unprecedented times and nobody could have predicted the effect it would have on everyday life. In order to face up to the challenges, businesses needed to adapt to ensure that they could survive and…
read moreThe Enterprise Finance Guarantee Loan (EFG) is a scheme set-up to assist businesses who might not have been successful with a normal commercial loan application. It is a government backed initiative where they guarantee up to 75% of the loan with the lender against the outstanding facility. Any lender will need to be fully satisfied…
read moreA Government backed business loan is a funding solution that has been designed to help all types of businesses. This video explains a little more and also gives details on the Recovery Loan Scheme.
read moreA Government business loan is a funding solution to help all types of businesses. It could be for business expansion, business growth, introducing new products and services or even for property development projects. The popular Government backed COVID business loans of BBLS, CBILS and CLBILS finished on 31st March 2021 and were replaced by 1…
read moreThe Recovery Loan Scheme (RLS) is the latest Government-backed business initiative to help any business that has been impacted by COVID-19. It has a diverse range of uses which includes purchasing assets, boosting cashflow, managing investments and facilitating growth. As with any new Government lending scheme there have been lots of questions raised and here…
read moreFollowing the recent budget announcement from the Chancellor it was confirmed that both the Recovery Loan Scheme. More details will be released over the coming weeks but a short summary is as follows: Businesses can apply for business funding from £25k to £10mAvailable funds can be used for any legitimate business purposeAny business can apply,…
read moreThis time last year, the Prime Minister announced the first national lockdown in response to the Coronavirus pandemic. Businesses were forced to close and staff put on furlough to help protect all from the impact of this deadly virus. Almost immediately the Government put in place some funding platforms to ensure businesses got the necessary…
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