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, …
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Covid 19 Financial Assistance for Small Business
Joanna Connolly Solicitors know how worried everyone is at this time. The following is a summary of the Government assistance available to small businesses. Key financial assistance is being provided by the Support for businesses through the Coronavirus Job Retention Scheme. We would strongly advise you to read the HMRC guide which can be accessed …
Coronavirus Covid-19
While Coronavirus Covid-19 is of great concern to all, information about the virus is often confusing. We think this following information from Dr Rachel Tennant who works on the front line may bring some clarity: Dr. Rachel Tenant. Consultant in acute and respiratory medicine at Northwick Park hospital in north London has passed on this message. Hi everyone Just want to say – I’ve seen quite a few people with Covid 19 since Sunday. The vast majority are fine. They seem to have one …