NEWS

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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News Update

NEW LENDERS ADDED TO CBILS

Apr 12, 2020

The British Business Bank have just announced 4 new lenders have been signed off for the Coronavirus Business Interruption Loan Scheme (CBILS): Co-op Bank Cynergy Bank Oaknorth Bank Starling Bank

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Breaking News Sign

POSITIVE CHANGES TO THE CBILS SCHEME

Apr 3, 2020

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 –…

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Watch this Space

WATCH THIS SPACE!

Apr 2, 2020

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…

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help to support impact of coronavirus

HELP TO SUPPORT IMPACT OF CORONAVIRUS

Mar 26, 2020

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…

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Snowball Team Expansion

SNOWBALL TEAM EXPANSION

Mar 26, 2020

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…

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Challenger Bank Lending

CHALLENGER BANK LENDING

Mar 26, 2020

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,…

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TO SWITCH OR NOT TO RBS SWITCH

Jan 27, 2020

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…

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FAIL TO PLAN, PLAN TO FAIL!

Jan 27, 2020

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…

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