Premium Content Archives

EU Starts Publicly Naming Businesses That Secured a CBILS Loan, Let Us Hope None of Those Businesses Suffer as a Consequence

June 2, 2021

Those who had asked the British Business Bank for the names of businesses that had secured a CBILS loan were told in no uncertain terms by that organisation to do so could put those businesses at risk, however with scant regard to that dire warning the EU has started to list them on one of their websites. The same may shortly happen if you got a Bounce Back Loan too […]

Starling Bank Now Accredited As a Recovery Loan Lender But Sole Traders Cannot Apply and They Hit You With A Scandalous Money Grabbing 4% Arrangement Fee

June 2, 2021

Many of you have been waiting for a chance to apply for a Recovery Loan with Starling Bank and yesterday they were accredited to offer them. However, it appears they want to suck the money out of those they give one to, via a 4% arrangement fee, and they will not let […]

GC Business Finance Becomes the 31st Recovery Loan Lender, One More Than the Bounce Back Loan Scheme, So Many Lenders Yet Few Are Getting Those New Loans

June 2, 2021

The British Business Bank have finally pulled their finger out, and are accrediting more Recovery Loan Lenders, and with the accreditation of GC Business Finance that means there is now one more lender (so far) that are part of that scheme than offered Bounce Back Loans, but why so many lenders when very few are […]

The Bounce Back Loan Scheme Came to an End at Midnight Last Night, So It Is Now Time for Rishi To Get His Thinking Cap On And Start Planning Some Changes to that Loan Scheme

June 1, 2021

As the clock struck midnight last night, bank bosses across the UK probably collectively put out a sigh of relief as that marked the end of the Bounce Back Loan Scheme, but now its time for Rishi and Co to put their thinking caps on, for if additional help and support is not forthcoming, many SMEs will, for want of a better word, be in the sh*t! […]

In a Desperate Attempt to Appear to Be Doing Something to Help SMEs, BEIS Are Now Promoting Merchant Cash Advance

May 31, 2021

Just before the start of this Bank Holiday weekend, and with banks having until today, the 31st of May 2021 to process any Bounce Back Loans in the system before the curtain falls on that scheme, BEIS have decided to start promoting another finance scheme for SMEs, that being Merchant Cash Advance which is being offered by […]