A combination of economic uncertainty, rising unemployment, changing consumer behaviour and national and regional “lock-downs” have exacerbated existing pressures often experienced by start-ups, including lack of funding. With thin balance sheets, cash flow challenges and (often) debt, many start-ups simply have less capital and resources to fall back on in time of crisis. There are, inevitably, risks of business failure.
Sally Johnston joins the Ignition Finance team to discuss the different loan funding options for SMEs affected by the Coronavirus pandemic.
A guide to the practical steps that borrowers can take when experiencing financial difficulties as a result of the COVID-19 pandemic.
Employment law specialist David Farquharson and Ignition Financial’s Adam Brodie discuss some of the options and best practices available to SMEs to support them at this time.