Businesses brace for Bounce Back Loan repayments
Businesses that took out a Bounce Back Loan last Spring are now being contacted by lenders to remind them loan repayments will start soon. ICAEW’s Financial Services Faculty has created a helpsheet to enable businesses and their advisers to understand the options available to them. When the government-backed loan schemes were announced last year, many businesses took out the 100% guaranteed loans to help them manage through the uncertainty that lay ahead, but how businesses are faring one year on is a mixed picture. Many have been able to pivot business models and adapt, whi...
Source: icaew.com