Supporting businesses through COVID-19
In light of the outbreak of coronavirus (COVID-19), Hilton-Baird Financial Solutions has taken steps to ensure we are able to continue supporting our clients and UK businesses with their cash flow requirements.
The unprecedented challenges, which are growing and changing by the day, will impact every business in one way or another. Cash flow will be at the centre of these challenges, so we are doing everything we can to help businesses access the required funding in our role as a commercial finance broker.
How can we help?
For many businesses, this will be a difficult and worrying time as they strive to protect the health and wellbeing of their own staff, clients and the general public while balancing business needs such as cash flow.
The good news is that, alongside the extra support announced by the government in the March 2020 Budget, which includes a new Coronavirus Business Interruption Loan Scheme, many lenders and banks are also announcing their own measures in a bid to provide the additional support businesses will need.
These include arrangement and facility review fees being waived on new or increased overdrafts, with similar support being offered through invoice finance facilities.
While these measures should provide you with reassurance that there are available options for your business, it’s important to highlight that the situation, as with any, is very fluid and changing day by day. Therefore, we suspect that safeguarding your business against the inevitable challenges will be a top priority.
Our team are ready and able to assist you with your options and help you to access the most suitable cash flow solutions for your business. Please call us on 0800 9774833 or request a call back to discuss your requirements.