Support for SME businesses through Covid-19
Category: Helpful tips for SME's
Mon 30th March 2020
The Government has announced an unprecedented level of support for businesses, employees and the self-employed.
Full details can be found on the UK Gov website, see: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses
Hornblower can help too. And we are offering our time free of charge, no strings attached.
Applications for Government’s Coronavirus Business Interruption Loan Scheme
The Coronavirus Business Interruption Loan Scheme is offering loans of up to £5 million for SMEs through the British Business Bank.
Whilst government backed, applications will require presentation of your financial performance prior to the crisis. If you need help with this, let us know.
A second opinion on key decisions on the future of your business
You may well be faced with difficult decisions on the future of your business over the coming months.
- Do you put your business into hibernation and your staff on furlough?
- Do you make staff redundant?
- Do you need to close or change track?
Of course you will need to taker advice from your accountant, bank and possibly an insolvency practitioner. But you would like a second, or third, opinion from a team who recognises well established and viable businesses, do get in touch.
Interim management to plug temporary gaps in your management team or increase capacity
Whether you feel you need new ideas and outside expertise to tackle the challenges, need to plug a temporary gap in your organisation, or need assistance managing and growing your capacity, through own team and extended network, we can help you find the right expertise.
Please contact us for a free consultation.