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Published: Tuesday, 05 May 2020 11:00
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Written by Super User
Additional Grants for Small business
On the 2 May 2020, the Government announced additional support for small business that did not meet the existing criteria.
It has been widely reporting in the media that many businesses with property are missing out on the financial support.
The Government have therefore set up a discretionary fund to assist these businesses that have ongoing fixed property related costs.
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Published: Tuesday, 05 May 2020 10:30
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Written by Super User
Bounce Back Loans
The 4 May sees the launch of the Bounce Back Loans. This is aimed at the small and micro entities that require loans.
Further information has been released from our last article.
The interest rate for the facility is set at 2.5% per annum.
Lenders are not permitted to take personal guarantees or take recovery action over the borrower’s personal assets.
The borrower remains 100% liable for the debt.
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