The Chancellor clearly must have read my LinkedIn post yesterday as the scheme will now be OPEN TO ALL VIABLE BUSINESSES AFFECTED BY COVID19 – a key and necessary improvement. Other changes include: – No lender on the scheme can take a personal guarantee for loans up to £250k –…

The Chancellor is expected to announce changes (improvements!) to the Coronavirus Business Interruption Loan Scheme (CBILS) either today or tomorrow as the scheme is clearly failing to achieve its objectives. Many businesses don’t want to take out loans and may not have borrowed before. The requirement for banks to offer…

No one can underestimate the impact of Coronavirus and how it has impacted every business and every individual. One thing is for sure and that is it will get much worse before it gets better, and there will be the need for a huge unprecedented package to protect businesses and…

At Snowball we continue to expand, and the next stage of this strategy is to bring in another senior experienced deal person to support our clients and prospects. We are therefore delighted to announce the appointment of Diane Davies to our team as our new Senior Commercial Manager. Diane brings…

A report out last month showed that the ‘so called’ Challenger Banks lent a record £115bn in the 12 months to September 2019. Whilst this was up just 3% on the previous years growth rate of 19%, there were of course wider economic and Brexit related matters during that period,…

If you or any of your clients have a turnover less than £25m and bank with a part of the RBS Group that was originally going to move to a new Williams & Glyns Bank, then you’ve probably already heard of the Business Banking Switch Scheme. In 2008/09 The Royal…

You cannot fail to miss all the articles online and in the papers and magazines since 1st January about losing weight, getting fit and exercising, and having this as part of a plan and programme for the year. I have deliberately left this article until late January as most people…

The number of applications being rejected for the government backed tax schemes SEIS and EIS has skyrocketed. The schemes offer generous tax reliefs to incentivise investment and are a great way of bringing together businesses requiring equity investment and investors who can protect the downsides of investments. The most recent…

Many of you may know that I am an avid reader of business books. So, it takes a lot to make me wax lyrical about any particular book, but this book certainly hits that mark and has instantly become my book of the year for 2019. The book is ‘What…