NEWS

Shape of recovery

WHAT SHAPE RECOVERY

Aug 27, 2020

Over the past 4-6 weeks the economists and commentators have been speculating on what type of recovery we will see. Every recovery shape has a letter that resembles the graph of decline and then recovery, and during this time we’ve had the V, U, W, L and Nike Swoosh shape…

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Billion Dollar Whale

BILLION DOLLAR WHALE – BOOK REVIEW

Aug 27, 2020

Time for a book review, and another book I just could not put down. However, this is definitely not like the Stephen Schwarzman ‘What it Takes’ book on how to run and grow a huge business. This is what not to do!! The Billion Dollar Whale book by Tom Wright…

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Ben Francis Gymshark

THE RISE OF GYMSHARK

Aug 27, 2020

Gymshark may not yet be a household name to everyone, but if its founder and ‘Keeper of Vision’ Ben Francis has anything to do with it, it will end up right up there with the likes of Nike and Adidas. Gymshark is a UK clothing brand focused on gym clothes…

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Facts type block

CBILS Deadlines Fact or Fiction?

Aug 20, 2020

CBILS DEADLINE DATES There seems to be a bit of misinformation going around at the moment regarding CBILS and when it is going to finish. The facts are that as at today, i.e. 20th August: – The CBILS Scheme will end for applications on 30th September 2020 – However funders…

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watch hands moving quickly

TIME RUNNING OUT FOR CBILS

Aug 11, 2020

Time is beginning to run out for CBILS Applications. Remember it can be used to provide growth monies and not just emergency monies, provided you have been impacted by COVID (and who hasn’t!) Contact us at Snowball Group if you if you require help and advice for CBILS or CLBILS. We have…

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News Update

CHANGES TO CBILS SCHEME

Jul 30, 2020

From today there has been a change by the British Business Bank to the CBILS Scheme on ‘businesses in difficulty’ For businesses with fewer than 50 employees and less than £9m in turnover, the ‘business in difficulty’ test will no longer be applied or taken into account (unless the business…

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After Quarantine Life

AFTER QUARANTINE LIFE

Jul 16, 2020

For months now there has been a sense of gloom sat above us all and impacting everyone’s day to day lives not only here in the UK but across the world. The media is awash with everything negative associated with COVID-19 and I certainly do not want to add to…

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Coins depicting Funding Market

STATE OF THE FUNDING MARKET

Jul 16, 2020

The funding market has seen some considerable changes during this period and here we set out what we have seen in terms of the government support for business and then how the ‘normal’ funding market has adapted: CBILS Firstly, we had the launch of the government backed CBILS facilities through…

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New CBILS specialist product

NEW CBILS SPECIALIST PRODUCT

Jun 2, 2020

We are one of a select number of intermediaries chosen to have access to this NEW SPECIALIST CBILS PRODUCT which utilises the commercial property trading asset as security for a trading business and thus enables the cost of borrowing to be spread over 25 years. Key terms are: – Loans…

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