The British Business Bank continue to accredit more and more lenders to the failing Recovery Loan Scheme, and Compass Business Finance is the latest one to be accredited. But as usual, little information on their facility can be found on their website. […]
If you have a nose on your face, then you will be more than aware at how the Recovery Loan Scheme is helping very few SMEs, and with the current chance of a BBL MKII Scheme looking highly unlikely, today I want to enlighten you on the Start Up Loans Scheme which has helped many people with a business that has been established for up to 2 years and those wishing to start a new business secure funding, and I have been getting good feedback on it too (makes a pleasant change). […]
I have been busy of late trying to make sense of the constant stream of snatch back letters many banks have been sending out, which are basically demands for the full and early repayment of Bounce Back Loans, and whilst some of the reasons they are sending such demands/letters out are obvious, some border on the downright outrageous, let me explain. […]
Information has been pouring in about the Bounce Back Loan scheme including repayments, defaults and even those repaying in full, and with that in mind today I will give you a quick insight into what is happening out there, as I know many of you are trying to make sense of it all. Keep in mind that […]
As we are now in month thirteen since the launch of the Bounce Back Loan Scheme, that does of course mean that if you got one of those loans in the first few days of the scheme going live, your first repayment will soon be due. I am however receiving reports that some SMEs have had the full monthly repayment amount taken out of […]
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