It’s been over four months since the Government-backed Coronavirus Business Interruption Loan Scheme (CBILS) and business Bounce Back Loan Scheme (BBLS) were introduced. Whilst there has been huge uptake of these loans, many businesses have still struggled to access them.
As UK high streets reopen and businesses start to trade again, we know that operating costs will be rising and for many, access to finance will be essential to their recovery.
I recently hosted a live panel session with three experts in the lending space. We discussed the latest updates to the schemes, alternative options available for those who might have been rejected and much more. I was joined by Katrin Herrling, CEO and Co-Founder of SME lending marketplace Funding Xchange, Mat White, Accounting Relationships Manager at iwoca and Tom Davenport, Head of Partnerships at MarketFinance.
Here are some of the key takeaways from the session. You can