Article 58W18 ‘It’s unacceptable’: 250,000 SMEs struggle to access bounce-back loans

‘It’s unacceptable’: 250,000 SMEs struggle to access bounce-back loans

by
Kalyeena Makortoff Banking correspondent
from Science | The Guardian on (#58W18)

Cross-party group warns many businesses are falling through the cracks due to being with wrong bank'

Like most small business owners, John Pickering is worried about what a second lockdown will mean for his Norfolk quilting and embroidery shop.

His family business - Sew On and So Forth - was lucky enough to recover from a sharp fall in revenue at the start of the outbreak. But further strain - especially during the quiet winter months - will mean making sacrifices. At best, it will mean putting dreams of expansion aside. At worst, it will mean potentially losing his Hunstanton shopfront and letting go up to six staff including his son and nephew.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/science/rss
Feed Title Science | The Guardian
Feed Link https://www.theguardian.com/science
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments