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Banks told to stop asking small business owners to put their own assets up as guarantee to access government-backed coronavirus loans The IoD said all banks should drop requirements for personal guarantees Some banks have been criticised for insisting that business owners put their personal assets as a collateral in exchange for the Government-backed loans Seven … Read more
Chancellor Rishni Sunak unveiled a financial rescue package for the self-employed last week, which will give up to £2,500 per month in grants for at least three months. It comes as millions of self-employed workers have struggled to cope financially amid the nationwide coronavirus lockdown. They have been hit by restrictions on travel, a cut in … Read more
All over Britain, business-owners are grappling with losses as events are cancelled, stock orders are placed on hold and people follow the lockdown orders issued by the government. Entrepreneurs face a challenge like never before as they grapple with threatening the very survival of their small businesses. But some are innovating to get through – often … Read more
Getting a receipt printed out at the till could soon be a thing of the past on a national and even global scale if these three entrepreneurs get their way. Matty Cusden-Ross, Veronique Barbosa and Tom Reay are the founders of a digital receipts start-up called Flux which aims to eradicate the practice of automatically … Read more
Just a month ago the medieval town of Shrewsbury was hit by the worst flooding it had seen in 20 years. The River Severn rose to record levels and much of Shropshire’s county town and its half-timbered buildings were cut off. Some shops shut down after footfall fell to 25 per cent of the previous … Read more
The Government’s small business coronavirus rescue loans were launched today, but some entrepreneurs say they are confused as to whether they can get help. The Coronavirus Business Interruption Loan Scheme was announced in the Budget and beefed up last week by Chancellor Rishi Sunak to sums of up to £5million, and is available through the British … Read more
Enterprise Nation’s Emma Jones shares her tips for small businesses on how to best to weather the coronavirus storm Small business founders could be forgiven for diving back under the covers, says Enterprise Nation’s Emma Jones. But while we shouldn’t underestimate the collateral damage the coronavirus will inflict on our economy, if we keep on … Read more
The Chancellor staged a raid on the tax break for building a business yesterday as he slashed the lifetime limit on entrepreneurs’ relief from £10million to £1million. The move will hit serial entrepreneurs and those who have turned start-ups into medium-sized businesses and has been made due to fears that too much of the tax … Read more
Business leaders cheered the Chancellor’s £30billion emergency package of coronavirus-battling measures to help big and small firms in today’s Budget. In his first Budget, Rishi Sunak pledged extra help for the High Street, gig economy workers, and the small businesses that are considered the backbone of the UK economy, as the country faces huge disruption … Read more
These are The Apprentice stars who have helped to make Lord Sugar £100million richer. The tycoon has now invested nearly £3million in promising entrepreneurs discovered on his BBC show. Exclusive Money Mail figures today reveal the venture has paid off, with one contestant alone expected to turn over more than £45million this year with her … Read more