Circumstances can change for people in a heartbeat, when it comes to life and finances, which can put a financial strain on people and relationships. People who have been able to manage their monthly re-payments may suddenly find themselves in dire straits, through no fault of their own. Illness and even a death in the family can cause financial strain. Loss of a job, a reduction in income. Many things can affect how we deal with our outgoings and it is important not to bury your head in the …
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The Government’s Business Bounce Back loan Scheme
The Bounce Back Loan Scheme was formally launched on 4 May 2020 and is available until 4 November 2020. It is a new scheme introduced to help smaller businesses impacted by coronavirus (COVID-19). It aims to assist those businesses to borrow between £2,000 up to 25% of a business’ turnover. The maximum amount available is £50,000 and there is no fee payable. The government will cover any interest payable in the first 12 months through a Business Interruption Payment to the lender, …
Covid 19 Financial Assistance for Small Business
Joanna Connolly Solicitors know how worried everyone is at this time. The following is a summary of the Government assistance available to small businesses. Key financial assistance is being provided by the Support for businesses through the Coronavirus Job Retention Scheme. We would strongly advise you to read the HMRC guide which can be accessed …