How our world has changed in just a few weeks! Our local SMEs are ‘braving out’ the difficult situation and showing such resilience. That determination to ‘stay in the game’ is being helped by government as we see the first vital monies for furloughed workers hitting client bank accounts. Stability for workers and hope for business owners.
The Chancellors statement last Monday of loans for small business, (from £2000 and £50,000) with no capital or interest repayments due for one year, 100% taxpayer-backed and easy to access, is most welcome. We would urge business owners with cash flow issues to seriously consider an application when this becomes available shortly.
We are routing for our clients – helping them stay in business and remain compliant during this time.