Coronavirus

News

Small business minister trying to help owner-directors hit by coronavirus

Paul Scully, the small business minister, is trying to help small business owner-directors who fall through the cracks of current coronavirus government bailout schemes

Small Business Banking

Most emergency coronavirus bank loan applications still being rejected

Small Business readers say 53% of their coronavirus emergency business loan applications have been turned down since chancellor Rishi Sunak loosened the scheme on April 3

Financing

First two fintechs added to coronavirus emergency loan scheme

OakNorth Bank and Starling Bank are first two fintechs added to the Coronavirus Business Interruption Loan Scheme to help spread out demand.

Running a Business

Coronavirus small business diary – Stitch & Story CEO Jennifer Lam

Stitch & Story, a digital knitting and crafts brand, saw its online sales jump by nearly 1,000% when lockdown was announced – only for its warehouse to announce it was shutting its doors

Getting Online

Managing your small business during coronavirus – infographic

The team at the UK Domain show you how to manage your small business during coronavirus with this handy infographic

News

Fewer than 10% of businesses can access government coronavirus funding

Ongoing research from the British Chamber of Commerce reveals just how few businesses are able to access coronavirus funding and why

Business management

How to wind up a small business – a step-by-step guide

With two out of five SMEs already closed, and many more contemplating ruin, insolvency practitioner John Bell offers to step-by-step guide to winding up your small business

Small Business Banking

How is your bank helping your small business through coronavirus?

In addition to the government coronavirus emergency loan scheme, several high street banks are offering additional support to help small businesses get through the crisis

Work life balance

3 ways to look after staff wellbeing during the coronavirus crisis

The government’s announcement that key workers can carry over statutory annual leave into the next two years is welcome, says Steve Arnold. But you want to encourage staff to take holiday even when self-isolating

News

Sunak overhauls coronavirus small business loans

Banks will no longer be able to push small businesses toward standard business loans ahead of Coronavirus Business Loan Interruption Scheme

Employing & managing staff

How do I make someone redundant? – Small business redundancy guide

Many small businesses are having to make people redundant during the coronavirus pandemic, despite government help. Employment lawyer Mike Tremeer takes you step by step through the redundancy process.

News