Bounce Back & CBILS Update; Business Growth Plans; and Invoice Finance to Fund Growth

Business Finance Bulletin

As the application deadline for the Bounce Back Loans and CBILS looms we open this podcast with a review of the latest figures on the number of loans and amounts borrowed. There are also signs that lenders are starting to close their doors early. A survey from Hitachi Capital Business Finance reveals that small business owner’s ambitions to grow, whilst not surprisingly lower than pre-COVID levels, has remained steady over the last two quarters. Is this sustainable? Wrapping up this episode, we share a story of how one business didn’t follow up on a potentially lucrative contract due the credit terms demanded by the other side. We look at how Invoice Finance could help preserve cashflow.