Selena

How is your bank helping your small business through coronavirus?

Although all the high street banks are offering loans through the Coronavirus Business Interruption Loans Scheme (CBILS), several banks have gone further and are offering additional support to small business sector to help it survive the coronavirus crisis. 

Here is a round-up of what small business help each high street bank is offering to help your SME survive the coronavirus pandemic.

Additional coronavirus bank support for small business – what’s available?

Barclays

  • Helpline for all business banking customers impacted by the coronavirus outbreak. Call 0800 197 10862 between 8am and 8pm Monday to Friday (except bank holidays)
  • Free business
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Protecting your privacy – keep your business address separate

We understand that privacy is important and needs to be protected. People take measures to ensure their privacy is protected in many aspects of their personal life. That’s why we at LegalZoom are all about protecting your privacy too.

Let’s take social media for example; by limiting people who can view your profile and not having your personal address and phone number available on social media platforms, you are protecting yourself from unwanted invasion of privacy and unsolicited messages.

Why should this be any different for your business?

When you set up your business, you must have a registered office

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3 ways to look after staff wellbeing during the coronavirus crisis

Staff need to be encouraged to take holidays even if they are self-isolating at home during the coronavirus pandemic

The government’s announcement on March 27 that all key workers, who have not taken all of their statutory annual leave, will be allowed to carry it over into the next two years, is commendable. What it means is that those workers who are currently battling to keep the country moving during this pandemic will be able to carry over up to four weeks of unused leave. This will be reassuring news to those workers, who may already be feeling in need

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Sunak overhauls coronavirus small business loans

Rishi Sunak and Treasury officials have been in talks with lenders over the Coronavirus Business Interruption Loan Scheme

Rishi Sunak will announce an overhaul of the government’s coronavirus small business loans scheme on Friday (April 3) in response to mounting anger.

The government will remove the requirement for small businesses to show that they have no other means of funding before accessing the Coronavirus Business Interruption Loan Scheme (CBILS).

Firms trying to use the coronavirus small business loans scheme say banks have been demanding personal guarantees and quoting double-digit interest rates, driving applicants towards standard business loans.

Small business owners

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