The best way forward when struggling to repay a Bounce Back Loan
When the government launched its business support loan schemes early in the pandemic, there was widespread praise for the initiative. The speed of roll out, simplicity of the
Bounce back loans
The hard realities of ‘soft credit’
Those who run and manage businesses are familiar with the two traditional sources of funding. They understand balance sheet finance, whether it is debt from lenders or equity
As CBILS defaults rise, what now for struggling borrowers?
The Coronavirus Business Interruption Loan Scheme (CBILS Scheme) One of the three main pandemic loan mechanisms, the CBIL Scheme, ran from March 2020 to March 2021. Lenders advanced
How limited is liability with personal guarantees?
Limited liability arrangements have long been thought of as a secure way for a business owner or director to clearly separate and protect their personal wealth from their
Applying to be struck off when you have financial trouble?
In the first quarter of 2021, there were a record 39,601 applications by companies to be struck off the register at Companies House, a startling increase of 843%
What is the impact? Government extends support to stop evictions
Government extends support to stop business evictions This has been the year when far too many commercial chickens have come home to roost as Covid has torn through