Further to our news article last week, the government has announced last night that some changes are being made to the Coronavirus Business Interruption Loan Scheme (CBILS):
The BBC News today (03.04.2020) quotes that the government will guarantee £330bn but that only £145m has so far been lend to businesses.
Businesses still struggle to access loans with many physical branches closed.
Some further help being offered to businesses which is a good sign although to what cost if interest rates are high on the loan or the actual monies are slow at being paid to the businesses that need them.
We understand that the last few weeks have created a tough times for businesses. Should you need any assistance with managing your cash flow and chasing any outstanding debts for payments then please contact us for further information.