Circumstances can change for people in a heartbeat, when it comes to life and finances, which can put a financial strain on people and relationships. People who have been able to manage their monthly re-payments may suddenly find themselves in dire straits, through no fault of their own. Illness and even a death in the family can cause financial strain. Loss of a job, a reduction in income. Many things can affect how we deal with our outgoings and it is important not to bury your head in the …
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The Government’s Business Bounce Back loan Scheme
The Bounce Back Loan Scheme was formally launched on 4 May 2020 and is available until 4 November 2020. It is a new scheme introduced to help smaller businesses impacted by coronavirus (COVID-19). It aims to assist those businesses to borrow between £2,000 up to 25% of a business’ turnover. The maximum amount available is £50,000 and there is no fee payable. The government will cover any interest payable in the first 12 months through a Business Interruption Payment to the lender, …