The new COVID-19 Business Interruption Loans (CBIL) scheme can provide facilities of up to £50 million to small businesses who are struggling financially as a result of the COVID-19 pandemic.
In any economic downturn banks will look very closely at their customers’ performances and in particular their customers’ loan covenants.
Viable companies are experiencing unprecedented financial difficulties as a result of the continuing outbreak of COVID-19.
With the lockdown in full force, the transfer of money electronically has never been so prevalent and, indeed, so necessary. However, that means that there is more opportunity than ever for the unscrupulous fraudster to intercept this money and prevent it from ever reaching its intended recipient!
Dealing with your bank in the current crisis – top tips and what we have learned from the banking crisis.
