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65% Plan to Support Small Businesses this Christmas | Purbeck

A snap survey of people working in small businesses across the UK[i] has found that 65% have made a deliberate decision to support other small businesses during the pandemic and plan to do so this Christmas as far as possible. Marginally more women than men are key advocates of local, small businesses.

65% Plan to Support Small Businesses this Christmas Purbeck Personal Guarantee Insurance

Clamour for small business loans likely | Catch is personal guarantee

    • A new survey of commercial finance brokers[i] supporting the UK’s small businesses suggests thousands of firms will be clamouring for business loans as the government support measures ease back:
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    • -> 88% of SME finance brokers anticipate rise in demand for loans as support measures ease
    • -> 87% expect rise in business owners having to sign Personal Guarantees to get access to cash

Business growth

small business loans

Financing a start-up and reduce the risk of a personal guarantee

  • A rise in start-ups born during the pandemic[i] is hugely positive but also not surprising. We’ve had more time to think and do and explore new avenues, particularly where existing business models or employment have ceased to exist. Necessity truly is the mother of invention. But while the pandemic has created new opportunities, the lending environment for start-ups looks set to be challenging.

Start-up financing

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