Commercial Mortgages – Cheaper & For Any Business Purpose? Lower cost and more flexible commercial mortgage lending sounds great. Doesn’t it? Let’s bring back an old friend to help, The Recovery Loan Scheme. Now branded as the trendy new RLS 3.0, it’s almost as if the British Business Bank asked Apple what to call the
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Reasons Why Recovery Loan Scheme Works Let’s start with the obvious. The Coronavirus Business Interruption Loan Scheme (CBILS) was a one off, really good, never to be repeated loan scheme so anything you compare to that is going to leave you disappointed. What you need to do is compare what the Recovery Loan Scheme offers
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When CBILS Bites Back CBILS finally ended on 31st March 2021, as of June 2020 £38bn had been advanced to 910k businesses. Between now and March 2022 businesses will need to start making repayments to these loans or seek agreement from their lender for special terms outside of the standard CBILS scheme. Many of these
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Recovery Loan Scheme (RLS) The successor to CBILS and BBLS (and probably EFG also) remains on track to launch on 1st April, traditionally not a good day for anything to be taken too seriously, however there are some serious facts emerging. For details on how to apply then click here and we will send them
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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
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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
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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.
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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,
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