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UPDATED SCHEME FEATURES (source: Business Money 03/04/20) No personal guarantees for facilities under £250k: Personal guarantees of any form cannot be taken under the scheme for any facilities below £250k. Personal guarantees for facilities above £250k: Personal guarantees may still be required, at a lender’s discretion, but recoveries under these are capped at a maximum of 20% of the outstanding balance of the CBILS facility after the proceeds of business assets have been applied. A

CoronaVirus -Government support

Posted by vanta-finance on  April 1, 2020

Category: Business, Finances
Is the Government’s financial support package for businesses enough and how easy is it to access? The good news is that for some businesses Government led support will provide the essential stabilising support it was intended to do. Sadly for many, if any of the anecdotal evidence has merit, it won’t come in time. The reality is that there are 10’s of thousands of SME businesses who aren’t strong enough financially to wait for this