News

Over £1bn In CBILS Loans Backed By Directors’ Assets

A Freedom of Information request to the British Business Bank has revealed the high personal risk the owners and directors of smaller businesses have taken to secure funds through the Coronavirus Business Interruption Loan Scheme […]

News

As Covid Drags On, SMEs Need to Shop Around For Loan Advice

Following news that the government is planning to launch a permanent replacement for its COVID loan scheme for small businesses, with the possibility of a partial personal guarantee requirement, Purbeck Insurance Services, provider of the […]

News

Purbeck Calls For Delay In HMRC Preferred Creditor Rules

This December, HMRC is set to become a preferred creditor in a business insolvency, putting thousands of owners and directors of small businesses who have signed a Personal Guarantee at increased risk of losing their […]

News

CBILS: SME Owners Are Putting Everything On The Line

The value of personal guarantee backed business loans to SMEs during the pandemic has risen on average by 45% according to analysis by Purbeck Insurance Services, provider of the UK’s only Personal Guarantee Insurance. As applications […]

No Picture
News

Survey Finds SMEs Struggling, But There Is Finance Out There

Following reports that many financial institutions have cut access to the state-backed loans, even though the scheme has been extended until the end of next November, Purbeck Insurance Services, provider of the UK’s only Personal […]

News

Purbeck Survey Predicts SME Demand For Bounceback Loans

A new survey of commercial finance brokers supporting the UK’s small businesses suggests thousands of firms will be clamouring for business loans as the government support measures ease back.  88% of brokers surveyed expect to see […]