Securing Finance &Managing Cashflow Part 1
Review government financial support available to your business as soon as possible.
The Coronavirus Business Interruption Loan Scheme (CBILS), providing additional finance to support long-term viable businesses experiencing cashflow pressures.
Grant funding of £25,000 for retail, hospitality, and leisure businesses with property with a rateable value between £15,000 and £51,000.
The Coronavirus Job Retention Scheme and the statutory sick pay rebate, if you employ staff 12-month business rates holidays for all retail, hospitality, and leisure businesses in England, plus a cash grant of up to £25k per property.
Grants through the Self-employment Income Support Scheme (SEISS), if you’re self-employed and meet the criteria (such as your profits not exceeding £50,000 per year). This may be worth 80% of your profits (not including any dividends you pay yourself), up to a cap of £2,500 per month.