Coronavirus finance updates

Coronavirus business finance update

During the current Coronavirus (COVID-19) crisis this page will be frequently updated with business and property lending updates. Please follow the links below to access finance or to help your business survive the Coronavirus outbreak. The links above will give the latest information Acorn.finance advisors can advise on the Coronavirus Business Interruption Loans Scheme and […]

business credit score

What’s your business credit score? Credit score Did you know your business has a credit score? Just as you have a credit report, so does your business. Credit ratings agencies log information around payment history, credit cards and  loans and aggregate that information into a credit score for your business. Your credit score will be […]

Coronavirus Bounce Back Loan Scheme (BBLS)

Bounce Back Loan Scheme – Updated 05/10/2020 BBLS featuresThe Bounce Back Loan Scheme enables businesses to obtain a six-year term loan at a government set interest rate of 2.5% a year. The government will cover interest payable in the first year. Up to £50,000 loan: Loans will be from £2,000 up to 25% of a business’ […]

CBILS Update 28/04/2020

As the lockdown continues and more small businesses are rejected in their applications for funding the Treasury and British Business Bank is updating the scheme to help more small businesses The original facilities put in place are still available to any business which has not yet applied; Business Rates Grants Furlough for employees – Coronavirus […]

CBILS – Coronavirus Business Interruption Loan Scheme

Coronavirus business finance update

As news continues to trickle out about the UK Government supported lending scheme we’ll continue to update you. All the major high-street banks are signed up to deliver the scheme and so if you have a strong business and a good relationship with your bank then they should be your first port of call. Your […]