Tag

Recovery Loan Scheme

Business Loans

How the new Recovery Loan Scheme works

Government offers 70% guarantee to small business lenders but borrowers may have to take out personal guarantee

Business Loans

£6bn business loan package arrives this week

Successor to Recovery Loan Scheme will throw small business a lifeline in face of coming recession but will be less generous than before

Business Loans

Government to launch £3bn recovery loan scheme

Replacement recovery loan scheme will offer loans of up to £2m to businesses, backed by a 70% government guarantee in event of default. But small business owners will have to offer personal guarantees first

Small Business Banking

Treasury small business loans could be permanent

Treasury in talks with banks about making Government-backed loans to SMEs to help them grow a permanent offer.

News

Half of small businesses poisoned with ‘toxic debt’

Recovery expert Begbies Traynor says hospitality and property particularly vulnerable to carrying debt they might struggle to repay over the coming year

News

Recovery loan scheme to be extended for six months

Take-up of the scheme has not been as strong as expected, mainly because of more onerous credit decisions.

News

One third of small businesses are highly in debt

Bank of England expects the number of small businesses that collapse to rise this year as restrictions on winding-up orders are removed

News

Treasury mulls Covid loan deadline extension

The Treasury is considering a deadline extension on the Recovery Loan Scheme (RLS). However, businesses may be worse off under the new version

Partner content

Can businesses save money on CBILS repayment costs by refinancing for a RLS loan?

Your business could save money on CBILS repayments by refinancing for an RLS loan – Funding Options tells us how

Business Loans

Small businesses struggling to get credit from Recovery Loan Scheme

Applications for Recovery Loans, designed to replace Bounce Back Loans, were in the 'low thousands' in the first week of the new scheme going live, according to reports

Partner content

What is professional indemnity insurance?

Professional indemnity insurance provides cover if somebody sues your business and they allege that your advice caused financial loss or damaged their brand. It’s not just for accountants and lawyers but for anyone offering a personal service, even web designers

Partner content

Benefits of switching to the right business bank account

We've teamed up with the Current Account Switch Service to explain the benefits of switching your business bank account.

Partner content

Business Companion: a reliable voice in the misinformation age

Business Companion is a one-stop-shop for accurate and up-to-date legal guidance, whatever sector you’re in — and it’s all completely free

Finding and selling to customers

How Amazon Ads is supporting entrepreneurs

Digital ad campaigns aren't just for big businesses. Here's why you should be considering it...