Commercial finance and coronavirus
The conversation no one dares speak about
The date is March 24, the time is 11pm and I have just taken my 87th call of the day in relation to the Coronavirus Business Interruption Loan Scheme (CBILS) and I feel compelled to write about my experience.
It is clear that we have a huge global and economic crisis on our hands, and the government has announced measures to attempt to keep the economy and businesses afloat in the form of CBILS and bounce back loans.
Let’s be clear, in the main, this was a huge lifeline to many genuine businesses that without this intervention simply wouldn’t have survived. The government should be applauded, but how many people saw this as an attempt to get ‘free cash’ or a ‘free hit’?
Read the full article in Niche Magazine.