Recovery loan scheme

Recovery Loan Scheme

Recovery Loan Scheme In the budget of 3rd March the chancellor announced a successor to the Coronavirus Business Interruption Loan Scheme, being the Recovery Loan Scheme. As yet the finer details of the scheme are a little sketchy. The broad details show the scheme as keeping close to CBILS, there are a few key parts
-> Continue reading Recovery Loan Scheme

buy to let beat stamp duty holiday

Beating the Stamp Duty Holiday

Beating the stamp duty holiday There are calls for the Government to extend the stamp duty holiday beyond 31st March. The activity in the housing sector has certainly given the economy a boost, whether the Government see this as enough, as an inflation risk, or want to raise taxation at source waits to be seen.
-> Continue reading Beating the Stamp Duty Holiday

franchise business CBILS lending coffee shop

Using CBILS for franchised & franchise businesses

CBILS for franchised & franchise businesses The Coronavirus business interruption loan scheme is pretty well known. It seems to have been extended more times than the last video I hired from Blockbuster in 1997. Like Blockbuster, the end is nigh for the scheme as it currently stands and a further extension looks unlikely, with that
-> Continue reading Using CBILS for franchised & franchise businesses

increasing bounce back loans interruption loan info

Increasing Bounce Back Loans & Interruption Loans

Increasing Bounce Back Loans & Interruption Loans There has been a fair bit of change around the terms on which these loans were offered. Some of it, I’m pleased to say has seen common sense prevail. That said, the deadline for these loans remains 31st January and there doesn’t look like being a further extension.
-> Continue reading Increasing Bounce Back Loans & Interruption Loans

open banking lending businesses truth

Open Banking – The Truth & What it Does

Open Banking – The Truth There is a video here, if you want the wordy explanation, here goes. Open Banking is a system that allows one piece of software to access your bank details. For many of us we do this all the time when paying online or connecting our business account to Xero or
-> Continue reading Open Banking – The Truth & What it Does

chancellor winter economy plan budget rishi sunak

Changes to Loan Schemes Explained – Rishi Sunak Announcement

Winter Economy Plan – What the Loan Changes Mean Let’s try and inject some clarity into the Chancellor’s announcement earlier today about the Coronavirus Business Interruption Loan Scheme and the Bounce Back Loan Scheme. The first thing to make clear is that we have the headline detail but how those details will translate and how,
-> Continue reading Changes to Loan Schemes Explained – Rishi Sunak Announcement

Call Now Button