Originally written by Timothy Adler on Small Business
Although all the high street banks are offering loans through the Coronavirus Business Interruption Loans Scheme (CBILS), several banks have gone further and are offering additional support to small business sector to help it survive the coronavirus crisis.
Here is a round-up of what small business help each high street bank is offering to help your SME survive the coronavirus pandemic.
Additional coronavirus bank support for small business – what’s available?
Barclays
Helpline for all business banking customers impacted by the coronavirus outbreak. Call 0800 197 10862 between 8am and 8pm Monday to Friday (except bank holidays)
Free business banking and no fees or interest on overdrafts between March 13 and June 12 2020 for business banking customers with annual turnover up to £250,000. After June 12 2020, normal charges and fees will apply, which will be debited from business banking accounts from August 2020
Clydesdale Bank and Yorkshire Bank
Clydesdale Bank and Yorkshire Bank relationship managers can approve a three-month capital repayment holiday to business customers who have not previously been identified as being in or approaching financial difficulty, or other high-risk groups
Relationship managers can authorise to extend overdraft and loan facilities by up to six months without charge