Since the start of the year, lenders have been urging us to encourage our clients wanting to take advantage of the Stamp Duty Holiday, to start their applications as soon as possible.
We are delighted to welcome Elaine Bridle to the team as our Compliance Manager. Elaine has 40 years Commercial Banking experience with NatWest, most recently working within their Commercial Risk and Controls Team. In an ever more regulated sector, Elaine’s expertise will help maintain our focus on this critical business area.
In the ‘new normal’, world of debt finance webinars that I’ve found myself logging into recently , I frequently hear businesses ask ‘where can I turn if the Bank says no’.
The British Business Bank has announced that the deadline for applications for these loan schemes has been extended from 30th November to 31st January 2021.
Be mindful not to clear loans in haste, only to find funding difficult to secure on similar terms, or worse unavailable, in the future.
The closing date for CBILS is currently 30th September 2020, but it would be foolish to leave submitting an application until then.
Twenty years ago, Sterling Capital Reserve Ltd commenced as a Corporate Finance advisory business assisting business with MBO / MBI and acquisitions. Within Sterling, a Commercial Finance brokerage evolved, in order to provide our clients access to a wide panel of funders.
The VAT payment deferral period ends on 30 June 2020. Any VAT payments you have deferred between 20th March and 30th June should be paid in full on or before 31st March 2021. You can make additional payments with subsequent returns.
The saying ‘cash is king’ has never seemed more relevant and some businesses may find themselves in the unexpected position of having “surplus” cash available just now. It’s important to ensure that you have a full understanding of the position that your business might find itself in as the Government and other business support is reduced or withdrawn.