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 […]

Coronavirus Bounce Back Loan Scheme (BBLS)

Bounce Back Loan Scheme – Updated 12/05/2020 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 […]

How to calculate and minimise your business cash-burn

get paid faster £5 invoice finance from acorn finance

As the Coronavirus crisis deepens every business owner needs to examine their cash flow position and take every possible measure to save their business.  Don’t wait for the bale out, not every business will be able to take advantage of it. If you have an accounts package such as Xero, Quickbooks, Sage or Wave then […]

Interest rates down to 0.1%

Bank of England

In a shock move today (19 March 2020) the Bank of England have cut interest rates to an historic low of 0.1% and restarted Quantitive Easing buying up £200bn of government bonds. In a special meeting held at the Bank today members of the Monetary Policy Committee voted unanimously for the cut to the lowest […]