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29% of SMEs have kept calm and carried on with no action needed

Posted by Todd Davison on Aug 12, 2020 7:30:00 AM
  • Personal cost of Pandemic to business owners is high but optimism for the future prevails

  • -> 80% of SME bosses have been open and honest about state of finances with workers
  • -> 1 in 5 SME owners have put their home up for security for a business loan
  • -> 18% of SME bosses took a pay cut, 14% have not paid themselves
  • -> 78% of SME workers felt their employer has supported their mental health
  • -> 48% confident about their job prospects, 26% pessimistic
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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

New finance for car dealers looks set to get personal

Posted by Todd Davison on Aug 2, 2020 7:30:00 AM
  • Matthew Cole of TJ Vickers urges traders to get protected if they have to sign a Personal Guarantee

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Manufacturers may face barriers to new finance

Posted by Todd Davison on Jul 29, 2020 9:30:00 AM
  • Purbeck Insurance Services, provider of the UK’s only Personal Guarantee Insurance solution is warning the owners and directors of specialist and small-scale manufacturing businesses that they may find their finance options severely limited unless they put their personal assets such as their home and savings, on the line. 

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Small businesses urged to insure against risk of personal insolvency

Posted by Todd Davison on Jul 29, 2020 7:30:00 AM
  • Purbeck responds to the R3[i] survey of insolvency and restructuring experts that found 8 in 10 respondents expect personal insolvency numbers to increase within the next 12 months with 74.2% expecting this to be related to business failure as a result of Personal Guarantees.

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Trade Credit Insurance Guarantee is crucial step for small businesses in construction and manufacturing

Posted by Todd Davison on Jul 22, 2020 9:30:00 AM
  • The Trade Credit Insurance guarantee should mean many small businesses, particularly those in the construction and manufacturing sectors can continue to access affordable insurance to support trading with other businesses and provide confidence within the supply chain.

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Small businesses urged to stress test their finances

Posted by Todd Davison on Jul 15, 2020 9:30:00 AM
  •  Purbeck’s tips for stress testing business finances

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Financial crisis fear for small businesses when furlough scheme ends and access to loans gets tougher

Posted by Todd Davison on Jul 10, 2020 3:18:51 PM
  • Purbeck Insurance Services, provider of the UK’s only Personal Guarantee Insurance solution has welcomed the Job Retention Bonus but fears this will be too little too late for small businesses reaching the end of their cash reserves as the furlough scheme ends in October 2020.

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Loan payment holidays are top mitigation measure for small businesses

Posted by Todd Davison on Jul 10, 2020 3:03:59 PM
  • Purbeck Launches COVID-19 Help Guide for SMEs

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Ways to Qualify for a Business Loan

Posted by Todd Davison on Jun 24, 2020 10:47:20 AM

There are many finance options out there for SMEs which need loans to get started or to grow. But how do you qualify for a business loan?

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance

Personal Guarantees and the Law

Posted by Todd Davison on Jun 8, 2020 10:48:03 AM

Few SMEs have enough cash within their organisation to self-fund growth. So, for many, the real option is to seek external finance.

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Topics: #pgi, #personalguarantee, #personalguaranteeinsurance

Find out what UK directors understand about personal guarantees

  • Do 99% of UK directors really know what is being placed at risk when signing a personal guarantee?
  • Are directors comfortable signing personal guarantees?

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