Originally written by fundingoptions on Small Business
The Coronavirus Business Interruption Loan Scheme (CBILS) is proving to be a lifeline for businesses across the UK. Initially designed for those who’ve lost revenue or experienced cash flow disruption due to Covid-19, the scheme can also be used by businesses to grow and develop too. CBILS is part of a broad package of government support for UK businesses and employees.
CBILS loans of up to £5m are available on repayment terms ranging from three to six years. Businesses with a turnover of up to £45m can apply, and £4.97 billion of finance has been approved since the scheme began in March 2020.
If you’re one of the 82,000 plus companies who’ve already received a CBILS loan, did you know that you could be eligible for a second facility?
Who can apply for a second CBILS loan?
To be eligible for a second CBILS loan, you’ll have to meet the same criteria as you did for the first. For instance, you’ll need to show that your business would be viable were it not for Covid-19 and that it’s been negatively impacted by the pandemic.
Applying for a second CBILS loan can provide your business with the cash flow boost
Tag Archive for Partner content
Hot Business News Today
Elite Business Live goes virtual – e-meet some of the biggest names in British business
by Partner Content • • 0 Comments
Originally written by Partner Content on Small Business
Elite Business Live, the national business advice and networking event, has announced its plans to take their annual event online. On March 11-12 2021, entrepreneurs from across the nation can interact with some of the leading names in British scale-ups, via a live stream service that is available completely free of charge.
With events often being a core part of a business’ marketing strategy, live events have been sorely missed over the last year; missed at a time when most businesses are facing elevated pressure on building pipelines and growth, in fact, arguably when they need them most. Aside from the lead generation and sales benefits events bring, they also bring much needed networking opportunities. It is often through the power of live events that you meet that golden nugget contact or hear that piece of advice that changes the direction you are going in that ultimately helps elevate your business.
At Elite Business Live, the focus is bringing to life and delivering the core aspects of live events that can help SMEs through these challenging times but doing it virtually. The team have worked hard to secure speakers who have built their business from
Hot Business News Today
How peer support is helping me and my business
by Partner Content • • 0 Comments
Originally written by Partner Content on Small Business
There has never been a more important time to invest in the future of your business by working with people who know business best. Other business leaders.
Peer Networks is bringing together business leaders to work collaboratively to find solutions to common problems and develop opportunities.
Whether an SME business is facing challenges around product development, HR, tech, finance or navigating through the third national lockdown or the UK’s exit from the EU, peer support can give business owners the opportunity to share these issues in a collaborative environment often leading to high-impactful tangible solutions that reflect on valuable feedback from their peers.
This is what business owners have to say about Peer Networks:
Aspen Peer Networks in Oxfordshire is nearly halfway through the sessions.
One business owner said: “What I found interesting is how people have been coping over the last nine months and the creative and resilience people have shown has been amazing.”
This was echoed by another participant, who said: “What I found for my own personal development is that it helped me in listening to the whole problem rather than jumping to a solution, which is usually what my management style has been.
“So, having that
Hot Business News Today
Elite Business Live goes virtual – e-meet some of the biggest names in British business
by Partner Content • • 0 Comments
Originally written by Partner Content on Small Business
Elite Business Live, the national business advice and networking event, has announced its plans to take their annual event online. On March 11-12 2021, entrepreneurs from across the nation can interact with some of the leading names in British scale-ups, via a live stream service that is available completely free of charge.
With events often being a core part of a business’ marketing strategy, live events have been sorely missed over the last year; missed at a time when most businesses are facing elevated pressure on building pipelines and growth, in fact, arguably when they need them most. Aside from the lead generation and sales benefits events bring, they also bring much needed networking opportunities. It is often through the power of live events that you meet that golden nugget contact or hear that piece of advice that changes the direction you are going in that ultimately helps elevate your business.
At Elite Business Live, the focus is bringing to life and delivering the core aspects of live events that can help SMEs through these challenging times but doing it virtually. The team have worked hard to secure speakers who have built their business from
Hot Business News Today
How peer support is helping me and my business
by Partner Content • • 0 Comments
Originally written by Partner Content on Small Business
There has never been a more important time to invest in the future of your business by working with people who know business best. Other business leaders.
Peer Networks is bringing together business leaders to work collaboratively to find solutions to common problems and develop opportunities.
Whether an SME business is facing challenges around product development, HR, tech, finance or navigating through the third national lockdown or the UK’s exit from the EU, peer support can give business owners the opportunity to share these issues in a collaborative environment often leading to high-impactful tangible solutions that reflect on valuable feedback from their peers.
This is what business owners have to say about Peer Networks:
Aspen Peer Networks in Oxfordshire is nearly halfway through the sessions.
One business owner said: “What I found interesting is how people have been coping over the last nine months and the creative and resilience people have shown has been amazing.”
This was echoed by another participant, who said: “What I found for my own personal development is that it helped me in listening to the whole problem rather than jumping to a solution, which is usually what my management style has been.
“So, having that
Hot Business News Today
Should small businesses outsource their payroll management?
by Partner Content • • 0 Comments
Originally written by Partner Content on Small Business
Today, several businesses are receiving services from other companies on topics that are not in their area of expertise. In this case, which we define as an outsource service, it is possible to receive the most professional service for your specific needs if you cannot perform on your own or prefer to assign it to a more experienced party. That is why many corporations choose to outsource some of their operations. Payroll is one of them.
In fact, a company may start receiving outsource payroll services for several reasons. For example, there are many significant benefits of outsourcing payroll systems for large companies. The more employees working in the business, the more complicated the payroll becomes and the higher the burden falls to HR employees. If you outsource the payroll service, you are not just outsourcing payroll preparation. The service also provides you with resources such as leave and absence monitoring, entrances, and exit transactions. For this purpose, payroll services provide large-scale companies with savings of time and effort.
For small companies and start-ups, outsourcing payroll services has numerous benefits. Imagine a business that was founded a year or two ago and employing around ten people.
Hot Business News Today
Should small businesses outsource their payroll management?
by Partner Content • • 0 Comments
Originally written by Partner Content on Small Business
Today, several businesses are receiving services from other companies on topics that are not in their area of expertise. In this case, which we define as an outsource service, it is possible to receive the most professional service for your specific needs if you cannot perform on your own or prefer to assign it to a more experienced party. That is why many corporations choose to outsource some of their operations. Payroll is one of them.
In fact, a company may start receiving outsource payroll services for several reasons. For example, there are many significant benefits of outsourcing payroll systems for large companies. The more employees working in the business, the more complicated the payroll becomes and the higher the burden falls to HR employees. If you outsource the payroll service, you are not just outsourcing payroll preparation. The service also provides you with resources such as leave and absence monitoring, entrances, and exit transactions. For this purpose, payroll services provide large-scale companies with savings of time and effort.
For small companies and start-ups, outsourcing payroll services has numerous benefits. Imagine a business that was founded a year or two ago and employing around ten people.