News

Will Your Business Stand Another Month of Lockdown?

As many businesses face the financial impact of four more weeks before pandemic restrictions lift, small business owners who have become personal guarantors for CBILS loans over £250,000 are being warned that lenders will come […]

News

Revealed: SMEs Borrowed £1.5bn Against Their Assets During Lockdown

A Freedom of Information request to the British Business Bank has revealed the full scale of personal risk SME business owners took through the Coronavirus Business Interruption Loan Scheme (CBILS).  The request by Purbeck Personal Guarantee […]

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 […]

Insurance Brokers

Corona; Govt Business Loan Scheme Could Provide Acquisition Funds

This could be good news for brokers or MGAs, depending on their individual circumstances of course; The UK government has launched the Coronavirus Business Interruption Loan Scheme (CBILS) as it looks to help UK SMEs […]