The Chancellor of the Exchequer, Rishi Sunak, detailed the onset of the economic emergency facing the UK at last week’s spending review.
This comes at a time when demand for the government-backed CBILS loans are planned to rise as the original loan runs out.
Of the businesses that applied for a Bounce Back loan (up to £50k) during the summer, they now have only £3,150 remaining and estimate that will see them through to the end of this week.
1pm plc (LON:OPM), established in 2006 is an independent provider of finance facilities to the SME sector. The 1pm plc group offer a full range of business finance solutions to the UK market from asset finance, hire purchase, commercial loans through to invoice finance and factoring.