Loans Newsfeed

Recovery loan scheme ‘off to a slow start’ | Peer2Peer Finance News

The government’s recovery loan scheme (RLS) is believed to have got off to a slow start. Applications were in the “low thousands” in the first weeks of the scheme. according to the Financial Times. Lobby group the Federation of Small Businesses (FSB) said early signs are that take-up is slow and some firms are struggling […]

SMEs forecast growth as lockdowns ease | Peer2Peer Finance News

Small business confidence is on the rise following the re-opening of retail in England and Wales. new data from the Federation of Small Businesses (FSB) has found. According to the FSB’s most recent quarterly Small Business Index (SBI). business confidence has reached its highest level since autumn 2014. For the first quarter of 2021. the […]

FSB warns 1m SMEs have been left out of support measures | Peer2Peer Finance News

One million small firms have been left out of the government’s coronavirus support business. the Federation of Small Businesses (FSB) has warned. According to an FSB survey of more than 1.000 small business owners. one in five (22 per cent) said that they have received no financial help at all from the UK government since […]

More details of Pay as You Grow unveiled | Peer2Peer Finance News

The government has unveiled more details of the Pay as You Grow (PAYG) facility. which is designed to help bounce back loan (BBL) borrowers manage their cashflow better. The initiative was first announced by Chancellor Rishi Sunak in September. to give businesses more time and flexibility to repay their loans. It will enable businesses who have […]

London-based business owners are most pessimistic in the country | Peer2Peer Finance News

Small business owners based in London are more pessimistic about their future than anywhere else in the UK. as the Covid-19 pandemic and ongoing lockdowns take their toll. According to the most recent London Small Business Index (LSBI) by the Federation of Small Businesses (FSB). business owners in the capital are growing less confident about […]

Some firms could pay more than the maximum CBILS interest rate | Peer2Peer Finance News

A small proportion of businesses could pay more than double the maximum interest rate for loans under the coronavirus business interruption loan scheme (CBILS).

250.000 small businesses risk closure without further help | Peer2Peer Finance News

The Federation of Small Businesses (FSB) has warned that at least a quarter of a million small businesses will fold in the year ahead unless more help is given

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